Silicon Motion Technology CORP
No SEC Form 4 filings for $SIMO in the last 30 days.
The article highlights three “cheap” AI-related stocks. Alphabet (GOOG) says Google Services revenue rose 16% YoY in Q1, while Google Cloud grew 63% YoY on AI enterprise demand. Silicon Motion reported 23% sequential and 105% YoY Q1 revenue growth, with Q2 guidance implying up to 107% YoY. Marvell posted record $2.22B fiscal Q4 revenue (22% YoY) and expects faster fiscal 2027 growth.
Cinctive Capital Management LP reduced its stake in Silicon Motion Technology Corporation (NASDAQ:SIMO) by 17.8% in Q3, selling 16,912 shares and retaining 77,968 shares valued at approximately $7.39 million. While Cinctive decreased its holdings, several other institutional investors, such as Reinhart Partners and Pertento Partners, increased their positions. Analysts maintain a "Buy" rating for Silicon Motion with a consensus target price of $132.50, against a recent trading price of $123.26.
Quadrant Capital Group LLC significantly increased its stake in Silicon Motion Technology Corporation ($SIMO) by 561.7% in the third quarter, now owning 18,581 shares valued at $1.76 million. Other hedge funds like Boston Partners and XTX Topco Ltd also adjusted their holdings. Wall Street analysts have issued positive ratings for Silicon Motion Technology, with a consensus "Buy" rating and an average price target of $132.50.
