Reinhart Partners LLC. Sells 46,434 Shares of Silicon Motion Technology Corporation $SIMO

by · The Markets Daily

Reinhart Partners LLC. reduced its position in shares of Silicon Motion Technology Corporation (NASDAQ:SIMO – Free Report) by 4.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 919,626 shares of the semiconductor producer’s stock after selling 46,434 shares during the quarter. Silicon Motion Technology accounts for about 6.3% of Reinhart Partners LLC.’s investment portfolio, making the stock its biggest holding. Reinhart Partners LLC.’s holdings in Silicon Motion Technology were worth $257,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Wolf Hill Capital Management LP acquired a new stake in Silicon Motion Technology in the 4th quarter valued at approximately $53,893,000. Hawk Ridge Capital Management LP boosted its position in Silicon Motion Technology by 48.9% during the 1st quarter. Hawk Ridge Capital Management LP now owns 1,173,315 shares of the semiconductor producer’s stock worth $131,752,000 after acquiring an additional 385,568 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Silicon Motion Technology by 112.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 425,697 shares of the semiconductor producer’s stock worth $47,802,000 after acquiring an additional 225,221 shares during the last quarter. AIGH Capital Management LLC bought a new position in shares of Silicon Motion Technology during the 1st quarter worth approximately $22,458,000. Finally, Summit Partners Public Asset Management LLC raised its holdings in shares of Silicon Motion Technology by 33.7% in the fourth quarter. Summit Partners Public Asset Management LLC now owns 534,932 shares of the semiconductor producer’s stock valued at $49,588,000 after purchasing an additional 134,927 shares during the last quarter. 78.02% of the stock is currently owned by institutional investors.

Key Silicon Motion Technology News

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

  • Positive Sentiment: Analysts continue to view SIMO favorably, with Wall Street recommendations broadly rated “Buy.” Positive analyst sentiment may help support the stock following its recent pullback. Wall Street Analysts See Silicon Motion as a Buy
  • Positive Sentiment: Silicon Motion is expanding its artificial-intelligence infrastructure opportunity through its MonTitan enterprise SSD controller platform. The technology is designed for cloud infrastructure, data centers and edge devices, potentially benefiting from increasing demand for high-performance storage in AI applications. Silicon Motion Boosts AI Infrastructure Capabilities
  • Positive Sentiment: One market commentary argues that SIMO may still be undervalued despite a roughly 438% advance, suggesting investors may be focusing on the company’s growth prospects rather than its recent gains. Silicon Motion Stock Could Be Undervalued
  • Positive Sentiment: Investors purchased a large volume of SIMO call options, indicating speculative bullish positioning and expectations for further upside, although options activity alone does not establish fundamental value. Investors Buy Large Volume of Call Options
  • Neutral Sentiment: Silicon Motion will release third-quarter 2026 results after the market closes on October 28 and hold its earnings call on October 29. The announcement provides a clear upcoming catalyst, but results and guidance will determine the actual market reaction. Silicon Motion Announces Third Quarter 2026 Earnings Conference Call
  • Neutral Sentiment: Reported short interest was listed at zero shares with a zero-day days-to-cover ratio. This points to minimal disclosed bearish positioning, but the unusual figure may reflect reporting limitations or a data inconsistency rather than a meaningful trading signal.
  • Negative Sentiment: SIMO fell 8.36% in the latest referenced session, underperforming the broader market. The decline likely reflects profit-taking and heightened valuation concerns after its substantial run, though follow-up commentary is examining what may drive the next move. Silicon Motion Dips More Than the Broader Market

Wall Street Analysts Forecast Growth

SIMO has been the topic of a number of research reports. Roth Capital reissued a “buy” rating and issued a $350.00 price objective on shares of Silicon Motion Technology in a research report on Thursday, July 30th. Craig Hallum reaffirmed a “buy” rating and issued a $325.00 target price on shares of Silicon Motion Technology in a research report on Friday, July 31st. Susquehanna lifted their price target 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, July 31st. Needham & Company LLC boosted their price target on shares of Silicon Motion Technology from $240.00 to $355.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, B. Riley Financial increased their price objective on shares of Silicon Motion Technology from $312.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Silicon Motion Technology currently has a consensus rating of “Moderate Buy” and an average target price of $341.43.

View Our Latest Report on SIMO

Silicon Motion Technology Stock Up 0.8%

Shares of Silicon Motion Technology stock opened at $263.90 on Friday. The stock has a market cap of $8.95 billion, a P/E ratio of 30.94, a P/E/G ratio of 0.45 and a beta of 1.69. Silicon Motion Technology Corporation has a 12-month low of $79.76 and a 12-month high of $355.00. The business’s 50 day moving average is $259.89 and its 200-day moving average is $244.00.

Silicon Motion Technology (NASDAQ:SIMO – Get Free Report) last released its earnings results on Wednesday, July 29th. The semiconductor producer reported $2.43 earnings per share for the quarter, beating the consensus estimate 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 firm’s revenue was up 127.0% on a year-over-year basis. During the same period last year, the business earned $0.69 earnings per share. On average, sell-side analysts expect that Silicon Motion Technology Corporation will post 10.78 EPS for the current year.

About Silicon Motion Technology

(Free Report)

Silicon Motion Technology Corporation is a fabless semiconductor company that designs and develops NAND flash storage controllers and related semiconductor solutions. Its products manage data storage, performance, reliability and power consumption in devices that use NAND flash memory.

The company supplies controllers for client solid-state drives (SSDs), enterprise and industrial storage applications, embedded storage products such as eMMC and UFS, and removable storage including memory cards and USB flash drives.

See Also

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