Silicon Motion Technology (SIMO) News Today

StockNews.com cut Silicon Motion Technology from a "buy" rating to a "hold" rating in a report on Friday.

Silicon 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 r

Easterly 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 semi

Silicon Motion Technology (NASDAQ:SIMO) Shares Gap Down to $66.68

Silicon 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.

B. 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.

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,

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 semiconducto

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 approxima

Silicon 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.

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 a

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 t

Silicon 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)

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 produce

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 p

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 approxim

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 p

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 semiconduc

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.

Silicon 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 among

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 wil

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 aft

Silicon Motion Technology (NASDAQ:SIMO) Trading Down 5%

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 he

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 stock

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 semiconductor

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 approxim

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 a

Silicon 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 targe

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 a

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 stock

TIG 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