Silicon Motion Technology (NASDAQ:SIMO) Stock Price Up 6.7% – Still a Buy?

11 Sep 2026, 18:02 by Kim Johansen · The Markets Daily

Silicon Motion Technology Corporation (NASDAQ:SIMO – Get Free Report) shares were up 6.7% during mid-day trading on Friday . The company traded as high as $282.59 and last traded at $283.0310. 279,966 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 893,940 shares. The stock had previously closed at $265.25.

Wall Street Analyst Weigh In

Several brokerages have commented on SIMO. Susquehanna lifted their price target on Silicon Motion Technology from $275.00 to $350.00 and gave the stock a “positive” rating in a research report on Friday, July 31st. Roth Capital reaffirmed a “buy” rating and set a $350.00 target price on shares of Silicon Motion Technology in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of Silicon Motion Technology from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Wall Street Zen downgraded shares of Silicon Motion Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Wedbush raised their price target on shares of Silicon Motion Technology from $230.00 to $400.00 and gave the stock an “outperform” rating in a research report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to data from MarketBeat.com, Silicon Motion Technology has a consensus rating of “Buy” and a consensus price target of $341.43.

Check Out Our Latest Analysis on Silicon Motion Technology

Silicon Motion Technology Trading Up 8.0%

The firm has a fifty day simple moving average of $263.83 and a 200 day simple moving average of $223.55. The stock has a market cap of $9.72 billion, a price-to-earnings ratio of 33.91, a PEG ratio of 0.48 and a beta of 1.71.

Silicon Motion Technology (NASDAQ:SIMO – Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $451.00 million for the quarter, compared to analyst estimates of $403.41 million. Silicon Motion Technology had a return on equity of 32.04% and a net margin of 22.06%.Silicon Motion Technology’s revenue for the quarter was up 127.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 EPS. On average, equities analysts expect that Silicon Motion Technology Corporation will post 10.78 earnings per share for the current year.

Insider Transactions at Silicon Motion Technology

In other news, Director Kenneth Kuan-Ming Lin sold 2,000 shares of Silicon Motion Technology stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $305.00, for a total transaction of $610,000.00. Following the sale, the director directly owned 8,500 shares in the company, valued at approximately $2,592,500. The trade was a 19.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Han-Ping Shieh sold 1,000 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $328.00, for a total transaction of $328,000.00. Following the completion of the sale, the director directly owned 7,500 shares in the company, valued at approximately $2,460,000. The trade was a 11.76% decrease in their position. The SEC filing for this sale provides additional information. 5.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Silicon Motion Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SIMO. Brown Brothers Harriman & Co. bought a new position in shares of Silicon Motion Technology in the 3rd quarter worth $26,000. Cooper Investors PTY Ltd. bought a new position in shares of Silicon Motion Technology during the second quarter worth $34,000. Arax Advisory Partners grew its holdings in shares of Silicon Motion Technology by 220.9% in the 4th quarter. Arax Advisory Partners now owns 446 shares of the semiconductor producer’s stock valued at $41,000 after buying an additional 307 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Silicon Motion Technology by 169.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 582 shares of the semiconductor producer’s stock valued at $44,000 after buying an additional 366 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Silicon Motion Technology during the 2nd quarter worth $75,000. Institutional investors and hedge funds own 78.02% of the company’s stock.

Silicon Motion Technology Company Profile

(Get Free Report)

Silicon Motion Technology Corporation develops and supplies semiconductor solutions for NAND flash storage devices. Its products include flash memory controllers for solid-state drives (SSDs), client and enterprise storage systems, embedded storage, and other applications that use NAND flash memory.

The company provides controller technologies used in consumer electronics, personal computers, mobile devices, industrial equipment, and data-center infrastructure. Its offerings are designed to manage data storage, improve performance and reliability, and support the integration of NAND flash memory into a range of storage products.