Sei Investments Co. Increases Position in Silicon Motion Technology Corporation $SIMO

Sei Investments Co. lifted its position in shares of Silicon Motion Technology Corporation (NASDAQ:SIMO) by 14.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 109,073 shares of the semiconductor producer’s stock after purchasing an additional 13,677 shares during the period. Sei Investments Co.’s holdings in Silicon Motion Technology were worth $12,248,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SIMO. Kornitzer Capital Management Inc. KS purchased a new stake in Silicon Motion Technology during the 1st quarter worth about $4,827,000. Schwartz Investment Counsel Inc. raised its position in shares of Silicon Motion Technology by 36.4% during the 1st quarter. Schwartz Investment Counsel Inc. now owns 300,000 shares of the semiconductor producer’s stock worth $33,687,000 after acquiring an additional 80,000 shares in the last quarter. AIGH Capital Management LLC acquired a new stake in shares of Silicon Motion Technology during the 1st quarter worth about $22,458,000. Calamos Advisors LLC purchased a new stake in Silicon Motion Technology during the first quarter worth approximately $2,686,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in Silicon Motion Technology in the first quarter valued at approximately $496,000. Hedge funds and other institutional investors own 78.02% of the company’s stock.

Silicon Motion Technology Stock Performance

Shares of Silicon Motion Technology stock opened at $253.60 on Friday. The company has a market capitalization of $8.60 billion, a P/E ratio of 29.73, a PEG ratio of 0.56 and a beta of 1.70. Silicon Motion Technology Corporation has a 1 year low of $71.35 and a 1 year high of $355.00. The company’s fifty day moving average is $288.86 and its two-hundred day moving average is $196.64.

Silicon Motion Technology (NASDAQ:SIMO) last announced its earnings results on Wednesday, July 29th. The semiconductor producer reported $2.43 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.30. Silicon Motion Technology had a net margin of 22.06% and a return on equity of 33.82%. The business had revenue of $451.00 million during the quarter, compared to the consensus estimate of $403.41 million. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The business’s quarterly revenue was up 127.0% compared to the same quarter last year. As a group, equities analysts expect that Silicon Motion Technology Corporation will post 8.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SIMO shares. Wall Street Zen raised shares of Silicon Motion Technology from a “buy” rating to a “strong-buy” rating in a report on Saturday. Needham & Company LLC boosted their price target on shares of Silicon Motion Technology from $240.00 to $355.00 and gave the company a “buy” rating in a research report on Thursday. Susquehanna upped their price objective on shares of Silicon Motion Technology from $275.00 to $350.00 and gave the company a “positive” rating in a research note on Friday. B. Riley Financial lifted their target price on Silicon Motion Technology from $312.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Weiss Ratings cut Silicon Motion Technology from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Silicon Motion Technology has an average rating of “Buy” and a consensus target price of $341.43.

Insider Activity at Silicon Motion Technology

In other news, Director Kuan-Ming Lin sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $305.00, for a total value of $610,000.00. Following the transaction, the director owned 8,500 shares of the company’s stock, valued at approximately $2,592,500. The trade was a 19.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Han-Ping Shieh sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $328.00, for a total value of $328,000.00. Following the sale, the director owned 7,500 shares of the company’s stock, valued at $2,460,000. This trade represents a 11.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 4,000 shares of company stock worth $1,239,250 over the last quarter. Company insiders own 5.34% of the company’s stock.

Trending Headlines about Silicon Motion Technology

Here are the key news stories impacting Silicon Motion Technology this week:

• Positive Sentiment: Silicon Motion reported second-quarter revenue of $451 million, up 32% sequentially and 127% year over year. Non-GAAP earnings of $2.43 per ADS exceeded the $2.13 consensus estimate, while gross margin reached 50.2%. Silicon Motion Q2 earnings report
• Positive Sentiment: Management projected third-quarter revenue of $519 million to $541 million, representing 15% to 20% sequential growth and 114% to 124% annual growth. The company also expects non-GAAP operating margin of 27.5% to 28.5%. Silicon Motion Q3 guidance
• Positive Sentiment: Growth is broadening beyond consumer NAND controllers. Enterprise and edge SSD products, eMMC/UFS controllers, and Ferri and Boot Drive solutions—particularly for AI infrastructure, automotive and enterprise applications—are driving the company’s diversification. SIMO AI storage expansion
• Positive Sentiment: Wedbush said the results show SIMO is “executing on all fronts,” while Susquehanna raised its price target to $350 and Needham lifted its target to $355, both signaling continued confidence in the growth outlook. Wedbush and analyst commentary
• Positive Sentiment: Silicon Motion and MediaTek are collaborating on AI-ready vehicle storage solutions, adding potential exposure to automotive and edge-AI markets. Silicon Motion and MediaTek automotive storage partnership
• Neutral Sentiment: Despite the improved outlook, SIMO’s elevated valuation and recent rally may encourage profit-taking. Investors are also comparing its valuation with Hewlett Packard Enterprise, creating a potential near-term focus on relative value rather than fundamentals alone. HPE versus SIMO value comparison
• Negative Sentiment: Management cautioned that consumer businesses face NAND pricing and supply headwinds. Rising inventories, lower cash balances and recent bank borrowing could also temper enthusiasm if demand or execution weakens.

Silicon Motion Technology Company Profile

Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. The company offers controllers for computing-grade solid state drives (SSDs), which are used in PCs and other client devices; enterprise-grade SSDs used in data centers; eMMC and UFS mobile embedded storage for use in smartphones and IoT devices; flash memory cards and flash drives for use in expandable storage; and specialized SSDs that are used in industrial, commercial, and automotive applications.