27,920 Shares in Silicon Motion Technology Corporation $SIMO Purchased by Globeflex Capital L P

Posted by Geri Gentry on Aug 24th, 2026

Globeflex Capital L P bought a new stake in Silicon Motion Technology Corporation (NASDAQ:SIMO – Free Report) during the second quarter, HoldingsChannel reports. The institutional investor bought 27,920 shares of the semiconductor producer’s stock, valued at approximately $2,874,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assetmark Inc. increased its stake in shares of Silicon Motion Technology by 2.3% during the 1st quarter. Assetmark Inc. now owns 2,814 shares of the semiconductor producer’s stock worth $316,000 after purchasing an additional 63 shares during the last quarter. Wedbush Securities Inc. lifted its stake in Silicon Motion Technology by 1.7% in the fourth quarter. Wedbush Securities Inc. now owns 4,685 shares of the semiconductor producer’s stock valued at $434,000 after purchasing an additional 79 shares during the last quarter. NewEdge Wealth LLC grew its holdings in Silicon Motion Technology by 3.6% during the fourth quarter. NewEdge Wealth LLC now owns 2,631 shares of the semiconductor producer’s stock valued at $244,000 after purchasing an additional 91 shares during the period. Cooper Investors PTY Ltd. purchased a new stake in Silicon Motion Technology in the second quarter worth $34,000. Finally, Ballentine Partners LLC increased its position in Silicon Motion Technology by 2.8% in the fourth quarter. Ballentine Partners LLC now owns 4,006 shares of the semiconductor producer’s stock worth $371,000 after buying an additional 110 shares during the last quarter. 78.02% of the stock is owned by institutional investors.

Silicon Motion Technology Stock Performance

Shares of NASDAQ SIMO opened at $258.36 on Monday. The business has a 50-day moving average of $281.06 and a 200-day moving average of $211.69. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 30.29, a PEG ratio of 0.45 and a beta of 1.71. Silicon Motion Technology Corporation has a 12 month low of $73.58 and a 12 month high of $355.00.

Silicon Motion Technology (NASDAQ:SIMO – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor producer reported $2.43 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.30. The business had revenue of $451.00 million during the quarter, compared to analysts’ expectations of $403.41 million. Silicon Motion Technology had a net margin of 22.06% and a return on equity of 32.04%. The business’s quarterly revenue was up 127.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 EPS. On average, analysts predict that Silicon Motion Technology Corporation will post 10.78 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SIMO shares. Weiss Ratings raised Silicon Motion Technology from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Zacks Research raised Silicon Motion Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. boosted their price objective on Silicon Motion Technology from $145.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. 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 report on Friday, July 31st. Finally, Wall Street Zen lowered shares of Silicon Motion Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $341.43.

Get Our Latest Research Report on SIMO

Insiders Place Their Bets

In related news, Director Kuan-Ming Lin sold 2,000 shares of the stock in a transaction 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 $2,592,500. This represents a 19.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Han-Ping Shieh sold 1,000 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $328.00, for a total value of $328,000.00. Following the completion of the transaction, the director directly owned 7,500 shares in the company, valued at approximately $2,460,000. This represents a 11.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,000 shares of company stock valued at $1,239,250 over the last ninety days. 5.34% of the stock is currently owned by insiders.

Silicon Motion Technology Profile

(Free Report)

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.