Silicon Motion Technology (SIMO) News Today $56.92 -1.58 (-2.70%) (As of 09/6/2024 ET) Add Compare Share Share HeadlinesStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends All Sources Trusted Sources MarketBeat.com Benzinga Bloomberg MarketWatch Motley Fool NASDAQ PR Newswire Reuters Seeking Alpha The Street The Wall Street Journal Yahoo Finance Source Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. Sentiment All Sentiments Very Positive Positive Neutral Negative Very Negative Most Recent September 2024 August 2024 July 2024 June 2024 May 2024 April 2024 March 2024 February 2024 January 2024 December 2023 November 2023 October 2023 September 2023 August 2023 July 2023 June 2023 May 2023 April 2023 March 2023 February 2023 January 2023 December 2022 November 2022 October 2022 September 2022 August 2022 July 2022 June 2022 May 2022 April 2022 March 2022 February 2022 January 2022 December 2021 November 2021 October 2021 Time Period September 6 at 11:14 PM | marketbeat.comStockNews.com Downgrades Silicon Motion Technology (NASDAQ:SIMO) to HoldStockNews.com cut Silicon Motion Technology from a "buy" rating to a "hold" rating in a report on Friday.September 4 at 2:03 AM | americanbankingnews.comSilicon Motion Technology Co. (NASDAQ:SIMO) Receives $87.56 Consensus Price Target from BrokeragesSeptember 1, 2024 | marketbeat.comSilicon Motion Technology Co. (NASDAQ:SIMO) Given Average Rating of "Moderate Buy" by AnalystsSilicon Motion Technology Co. (NASDAQ:SIMO - Get Free Report) has earned an average rating of "Moderate Buy" from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and eight have given a buy rAugust 28, 2024 | msn.comIs Silicon Motion Technology Corporation (SIMO) the Best Affordable Tech Stock to Buy According to Analysts?August 26, 2024 | marketbeat.comSilicon Motion Technology Co. (NASDAQ:SIMO) is Easterly Investment Partners LLC's 8th Largest PositionEasterly Investment Partners LLC lowered its position in shares of Silicon Motion Technology Co. (NASDAQ:SIMO - Free Report) by 11.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 219,264 shares of the semiAugust 18, 2024 | msn.comSilicon Motion Technology Corporation (SIMO) Stands Strong Among Debt-Free StocksAugust 17, 2024 | finance.yahoo.comSIMO Sep 2024 50.000 call (SIMO240920C00050000)August 17, 2024 | msn.comSilicon Motion receives double downgrade due to low-growth outlook: BofAAugust 17, 2024 | msn.comB of A Securities Downgrades Silicon Motion Technology Corporation - Depositary Receipt () (SIMO)August 16, 2024 | investing.comSilicon Motion stock down as BofA issues a double downgrade on soft growthAugust 16, 2024 | msn.comBofA downgrades Silicon Motion, slashes price target to $60: Time to sell or hold?August 16, 2024 | marketbeat.comSilicon Motion Technology (NASDAQ:SIMO) Shares Gap Down to $66.68Silicon Motion Technology (NASDAQ:SIMO) Shares Gap Down to $66.68August 12, 2024 | ca.finance.yahoo.comSIMO Aug 2024 62.500 putAugust 7, 2024 | finance.yahoo.comIs There An Opportunity With Silicon Motion Technology Corporation's (NASDAQ:SIMO) 46% Undervaluation?August 5, 2024 | marketbeat.comSilicon Motion Technology (NASDAQ:SIMO) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPSSilicon Motion Technology (NASDAQ:SIMO - Get Free Report) posted its quarterly earnings data on Friday. The semiconductor producer reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.01. Silicon Motion Technology had a net margin of 10.14% and a return on equity of 10.41%. The business had revenue of $210.67 million during the quarter, compared to analyst estimates of $206.75 million. During the same quarter in the previous year, the business posted $0.33 earnings per share. The company's revenue was up 50.1% on a year-over-year basis.August 5, 2024 | marketbeat.comSilicon Motion Technology (NASDAQ:SIMO) Price Target Cut to $95.00 by Analysts at B. RileyB. Riley lowered their price target on shares of Silicon Motion Technology from $112.00 to $95.00 and set a "buy" rating on the stock in a report on Monday.August 5, 2024 | prnewswire.comSilicon Motion Launches the Best Performance/Watt PCIe Gen5 SSD Controller at FMS 2024August 4, 2024 | msn.comSilicon Motion Technology Corporation (NASDAQ:SIMO) Q2 2024 Earnings Call TranscriptAugust 3, 2024 | seekingalpha.comSilicon Motion Technology Corporation (SIMO) Q2 2024 Earnings Call TranscriptAugust 3, 2024 | markets.businessinsider.comBuy Rating Affirmed for Silicon Motion Technology on Strong Growth Prospects and Strategic InvestmentsAugust 2, 2024 | seekingalpha.comSilicon Motion Technology Corporation 2024 Q2 - Results - Earnings Call PresentationAugust 2, 2024 | markets.businessinsider.comSilicon Motion Q2 Net Profit Surges; Stock Up In Pre-MarketAugust 2, 2024 | marketbeat.comLazard Asset Management LLC Sells 29,422 Shares of Silicon Motion Technology Co. (NASDAQ:SIMO)Lazard Asset Management LLC lowered its stake in shares of Silicon Motion Technology Co. (NASDAQ:SIMO - Free Report) by 89.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,August 2, 2024 | msn.comSilicon Motion Technology Non-GAAP EPS of $0.96 beats by $0.01, revenue of $210.67M beats by $1.67MAugust 1, 2024 | globenewswire.comSilicon Motion Announces Results for the Period Ended June 30, 2024July 31, 2024 | marketbeat.comSilvercrest Asset Management Group LLC Invests $8.19 Million in Silicon Motion Technology Co. (NASDAQ:SIMO)Silvercrest Asset Management Group LLC bought a new position in shares of Silicon Motion Technology Co. (NASDAQ:SIMO - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 106,456 shares of the semiconductoJuly 29, 2024 | marketbeat.comMorse Asset Management Inc Buys Shares of 9,100 Silicon Motion Technology Co. (NASDAQ:SIMO)Morse Asset Management Inc bought a new stake in Silicon Motion Technology Co. (NASDAQ:SIMO - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 9,100 shares of the semiconductor producer's stock, valued at approximaJuly 28, 2024 | marketbeat.comSilicon Motion Technology Co. (NASDAQ:SIMO) Short Interest Up 31.1% in JulySilicon Motion Technology Co. (NASDAQ:SIMO - Get Free Report) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 880,200 shares, a growth of 31.1% from the June 30th total of 671,400 shares. Currently, 2.6% of the shares of the stock are short sold. Based on an average daily volume of 355,300 shares, the short-interest ratio is currently 2.5 days.July 27, 2024 | marketbeat.comGabelli Funds LLC Decreases Holdings in Silicon Motion Technology Co. (NASDAQ:SIMO)Gabelli Funds LLC cut its stake in Silicon Motion Technology Co. (NASDAQ:SIMO - Free Report) by 19.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,950 shares of the semiconductor producer's stock aJuly 26, 2024 | marketbeat.comNatixis Cuts Stake in Silicon Motion Technology Co. (NASDAQ:SIMO)Natixis decreased its holdings in Silicon Motion Technology Co. (NASDAQ:SIMO - Free Report) by 47.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,520 shares of the semiconductor producer's stock after selling 37,334 shares during tJuly 25, 2024 | marketbeat.comSilicon Motion Technology (SIMO) Scheduled to Post Quarterly Earnings on ThursdaySilicon Motion Technology (NASDAQ:SIMO) will be releasing earnings after the market closes on Thursday, August 1, Zacks reports. (Register for Conference Call at http://mmm.wallstreethorizon.com/u.asp?u=606653)July 23, 2024 | marketbeat.comSei Investments Co. Purchases 37,806 Shares of Silicon Motion Technology Co. (NASDAQ:SIMO)Sei Investments Co. raised its stake in shares of Silicon Motion Technology Co. (NASDAQ:SIMO - Free Report) by 207.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,039 shares of the semiconductor produceJuly 21, 2024 | marketbeat.comAcadian Asset Management LLC Buys 825,394 Shares of Silicon Motion Technology Co. (NASDAQ:SIMO)Acadian Asset Management LLC lifted its stake in shares of Silicon Motion Technology Co. (NASDAQ:SIMO - Free Report) by 161.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,336,448 shares of the semiconductor pJuly 20, 2024 | marketbeat.comM&G Plc Invests $6.30 Million in Silicon Motion Technology Co. (NASDAQ:SIMO)M&G Plc acquired a new position in shares of Silicon Motion Technology Co. (NASDAQ:SIMO - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 81,871 shares of the semiconductor producer's stock, valued at approximJuly 19, 2024 | marketbeat.comLord Abbett & CO. LLC Makes New $53.68 Million Investment in Silicon Motion Technology Co. (NASDAQ:SIMO)Lord Abbett & CO. LLC acquired a new position in Silicon Motion Technology Co. (NASDAQ:SIMO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 697,629 shares of the semiconductor pJuly 14, 2024 | marketbeat.comSusquehanna Fundamental Investments LLC Makes New $2.22 Million Investment in Silicon Motion Technology Co. (NASDAQ:SIMO)Susquehanna Fundamental Investments LLC acquired a new stake in Silicon Motion Technology Co. (NASDAQ:SIMO - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 28,807 shares of the semiconducJuly 14, 2024 | marketbeat.comShort Interest in Silicon Motion Technology Co. (NASDAQ:SIMO) Drops By 29.9%Silicon Motion Technology Co. (NASDAQ:SIMO - Get Free Report) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totalling 671,400 shares, a decline of 29.9% from the June 15th total of 957,100 shares. Based on an average daily trading volume, of 369,100 shares, the short-interest ratio is currently 1.8 days. Approximately 2.0% of the shares of the company are sold short.July 13, 2024 | marketbeat.comSilicon Motion Technology Co. (NASDAQ:SIMO) Given Average Rating of "Buy" by BrokeragesSilicon Motion Technology Co. (NASDAQ:SIMO - Get Free Report) has been assigned a consensus recommendation of "Buy" from the eight research firms that are covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a buy rating. The average 12-month target price amongJuly 11, 2024 | marketbeat.comB. Riley Research Analysts Increase Earnings Estimates for Silicon Motion Technology Co. (NASDAQ:SIMO)Silicon Motion Technology Co. (NASDAQ:SIMO - Free Report) - Investment analysts at B. Riley raised their Q2 2024 earnings per share estimates for shares of Silicon Motion Technology in a report issued on Monday, July 8th. B. Riley analyst C. Ellis now forecasts that the semiconductor producer wilJuly 10, 2024 | marketbeat.comJanney Montgomery Scott LLC Has $6.44 Million Stock Position in Silicon Motion Technology Co. (NASDAQ:SIMO)Janney Montgomery Scott LLC grew its holdings in Silicon Motion Technology Co. (NASDAQ:SIMO - Free Report) by 14.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,663 shares of the semiconductor producer's stock aftJuly 9, 2024 | marketbeat.comSilicon Motion Technology (NASDAQ:SIMO) Shares Down 5% Silicon Motion Technology (NASDAQ:SIMO) Trading Down 5%July 2, 2024 | marketbeat.comOliver Luxxe Assets LLC Buys New Position in Silicon Motion Technology Co. (NASDAQ:SIMO)Oliver Luxxe Assets LLC bought a new stake in shares of Silicon Motion Technology Co. (NASDAQ:SIMO - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 11,377 shares of the semiconductor producer's stock, valued at approximately $875,000. Other heJune 27, 2024 | marketbeat.comSilicon Motion Technology Co. (NASDAQ:SIMO) Shares Purchased by Goldman Sachs Group Inc.Goldman Sachs Group Inc. raised its stake in Silicon Motion Technology Co. (NASDAQ:SIMO - Free Report) by 615.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 316,294 shares of the semiconductor producer's stockJune 20, 2024 | marketbeat.comPerpetual Ltd Has $4.82 Million Position in Silicon Motion Technology Co. (NASDAQ:SIMO)Perpetual Ltd lowered its stake in Silicon Motion Technology Co. (NASDAQ:SIMO - Free Report) by 13.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,125 shares of the semiconductorJune 19, 2024 | marketbeat.comNomura Holdings Inc. Buys Shares of 50,271 Silicon Motion Technology Co. (NASDAQ:SIMO)Nomura Holdings Inc. bought a new position in Silicon Motion Technology Co. (NASDAQ:SIMO - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 50,271 shares of the semiconductor producer's stock, valued at approximJune 18, 2024 | marketbeat.comSilicon Motion Technology Co. (NASDAQ:SIMO) Shares Bought by Reinhart Partners LLC.Reinhart Partners LLC. raised its holdings in Silicon Motion Technology Co. (NASDAQ:SIMO - Free Report) by 5.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 736,371 shares of the semiconductor producer's stock after purchasing an aJune 18, 2024 | marketbeat.comSilicon Motion Technology Co. (NASDAQ:SIMO) Given Average Recommendation of "Buy" by AnalystsSilicon Motion Technology Co. (NASDAQ:SIMO - Get Free Report) has been given a consensus recommendation of "Buy" by the eight brokerages that are presently covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a buy rating. The average twelve-month targeJune 17, 2024 | marketbeat.comHBK Investments L P Decreases Stake in Silicon Motion Technology Co. (NASDAQ:SIMO)HBK Investments L P lessened its position in shares of Silicon Motion Technology Co. (NASDAQ:SIMO - Free Report) by 41.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 766,600 shares of the semiconductor producer's stock aJune 13, 2024 | marketbeat.comBeryl Capital Management LLC Sells 209,636 Shares of Silicon Motion Technology Co. (NASDAQ:SIMO)Beryl Capital Management LLC lessened its stake in Silicon Motion Technology Co. (NASDAQ:SIMO - Free Report) by 76.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,694 shares of the semiconductor producer's stockJune 12, 2024 | marketbeat.comSilicon Motion Technology Co. (NASDAQ:SIMO) Stake Decreased by TIG Advisors LLCTIG Advisors LLC trimmed its holdings in Silicon Motion Technology Co. (NASDAQ:SIMO - Free Report) by 64.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,214 shares of the semiconductor produce Get Silicon Motion Technology News Delivered to You Automatically Sign up to receive the latest news and ratings for SIMO and its competitors with MarketBeat's FREE daily newsletter. 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We track news headlines from hundreds of news outlets and tag them by company. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week. SIMO Articles This Week▼33▲SIMO Articles Average Week Get Silicon Motion Technology News Delivered to You Automatically Sign up to receive the latest news and ratings for SIMO and its competitors with MarketBeat's FREE daily newsletter. Email Address Related Companies and Tools Related Companies: OSIS News UCTT News CEVA News XPER News CAN News RMBS News DRS News ALAB News CRDO News TSEM News Headlines Tools: Trending Media MentionsHigh Media Sentiment StocksLive News FeedMarketBeat OriginalsStock Ideas This page (NASDAQ:SIMO) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. 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