Driehaus Capital Management Adds $63M in Silicon Motion Technology Corporation ($SIMO)
Key Points
- Driehaus Capital Management changed its Silicon Motion Technology Corporation ($SIMO) stake by 59.55% last quarter, boosting to 509,975 shares worth $169.99 million.
- Wall Street's consensus rating on $SIMO is Strong Buy and an average price target of $369.70.
- $SIMO last traded around $333.33.
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Driehaus Capital Management increased its position in Silicon Motion Technology Corporation ($SIMO) by 59.55% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 509,975 shares of Silicon Motion Technology Corporation after buying 190,351 shares during the quarter. Driehaus Capital Management's holdings in Silicon Motion Technology Corporation were worth $169.99 million as of its most recent filing.
Silicon Motion Technology Corporation Stock Up 35.6%
Shares of Silicon Motion Technology Corporation ($SIMO) traded around $333.33 on Saturday, up 35.6% for the day.
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About Silicon Motion Technology Corporation
Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices and related devices in China, Japan, Singapore, Taiwan, Korea, the United States, and internationally. It offers controllers for computing-grade solid state drives (SSDs), which are used in PCs and other client devices; enterprise-grade SSDs used in enterprise and hyperscale 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. The company markets its controllers under the SMI brand; and single-chip SSDs under the FerriSSD, Ferri-eMMC, and Ferri-UFS brands. It markets and sells its products through direct sales personnel and independent electronics distributors to NAND flash makers, module makers, hyperscalers, and OEMs. Silicon Motion Technology Corporation was founded in 1995 and is based in Hong Kong, Hong Kong.
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