--- title: "Silicon Motion Technology Corporation (NASDAQ:SIMO) Sees Large Drop in Short Interest" type: "News" locale: "en" url: "https://longbridge.com/en/news/279161188.md" description: "Silicon Motion Technology Corporation (NASDAQ:SIMO) experienced a significant decrease in short interest, dropping 19.4% to 537,938 shares as of February 27. This represents 1.7% of the company's shares sold short, with a short-interest ratio of 1.1 days based on an average trading volume of 505,372 shares. The stock rose 2.6% to $123.26, with analysts issuing positive ratings and raising price targets, reflecting a consensus rating of \"Buy\" and a target price of $132.50." datetime: "2026-03-15T14:41:14.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279161188.md) - [en](https://longbridge.com/en/news/279161188.md) - [zh-HK](https://longbridge.com/zh-HK/news/279161188.md) --- # Silicon Motion Technology Corporation (NASDAQ:SIMO) Sees Large Drop in Short Interest Silicon Motion Technology Corporation (NASDAQ:SIMO - Get Free Report) was the recipient of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 537,938 shares, a decrease of 19.4% from the February 12th total of 667,782 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average daily volume of 505,372 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 505,372 shares, the days-to-cover ratio is currently 1.1 days. Approximately 1.7% of the shares of the stock are sold short. ## Silicon Motion Technology Stock Up 2.6% - Analysts Are All In on This Tech Stock—Why You Should Be, Too Shares of NASDAQ:SIMO traded up $3.15 on Friday, hitting $123.26. 312,255 shares of the company traded hands, compared to its average volume of 492,864. The stock has a 50 day simple moving average of $122.76 and a 200-day simple moving average of $101.74. The company has a market cap of $4.19 billion, a PE ratio of 33.86, a PEG ratio of 0.82 and a beta of 1.02. Silicon Motion Technology has a 52 week low of $37.21 and a 52 week high of $146.85. ## Analyst Upgrades and Downgrades Several research firms recently issued reports on SIMO. Needham & Company LLC increased their price target on shares of Silicon Motion Technology from $125.00 to $155.00 and gave the company a "buy" rating in a research report on Thursday, February 5th. Craig Hallum reaffirmed a "buy" rating and set a $160.00 price objective on shares of Silicon Motion Technology in a research note on Thursday, February 5th. Wedbush increased their target price on shares of Silicon Motion Technology from $130.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday, February 5th. William Blair began coverage on Silicon Motion Technology in a research note on Thursday, January 22nd. They issued an "outperform" rating on the stock. Finally, Zacks Research raised Silicon Motion Technology from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $132.50. - Silicon Motion Proves That AI in Motion Stays in Motion **View Our Latest Research Report on Silicon Motion Technology** ## Hedge Funds Weigh In On Silicon Motion Technology Hedge funds have recently bought and sold shares of the business. Brown Brothers Harriman & Co. bought a new position in Silicon Motion Technology during the third quarter valued at approximately $26,000. WealthCollab LLC raised its stake in Silicon Motion Technology by 77.4% during the 4th quarter. WealthCollab LLC now owns 346 shares of the semiconductor producer's stock valued at $32,000 after buying an additional 151 shares during the last quarter. Arax Advisory Partners lifted its holdings in shares of Silicon Motion Technology by 220.9% during 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 boosted its stake 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 worth $44,000 after buying an additional 366 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC purchased a new position in shares of Silicon Motion Technology in the 4th quarter worth $71,000. Hedge funds and other institutional investors own 78.02% of the company's stock. ## Silicon Motion Technology Company Profile (Get Free Report) - Silicon Motion: The Market's Best Merger Arbitrage Opportunity 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. ## Featured Articles - Five stocks we like better than Silicon Motion Technology - The gold chart Wall Street is terrified of… - Elon Musk already made me a “wealthy man” - Silver paying 20% dividend. Plus 68% share gains - Unlocked: Elon Musk’s Next Big IPO - A personal warning from Martin Weiss (Please read) _This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com._ ## Should You Invest $1,000 in Silicon Motion Technology Right Now? Before you consider Silicon Motion Technology, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Silicon Motion Technology wasn't on the list. While Silicon Motion Technology currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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