Robeco Institutional Asset Management B.V. Has $13.31 Million Stock Holdings in Silicon Motion Technology Corporation (NASDAQ:SIMO)

Robeco Institutional Asset Management B.V. lifted its position in Silicon Motion Technology Corporation (NASDAQ:SIMO - Free Report) by 4.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 263,266 shares of the semiconductor producer's stock after buying an additional 11,328 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.78% of Silicon Motion Technology worth $13,311,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in SIMO. Parallel Advisors LLC boosted its position in Silicon Motion Technology by 61.8% during the first quarter. Parallel Advisors LLC now owns 1,152 shares of the semiconductor producer's stock worth $58,000 after purchasing an additional 440 shares during the period. Menard Financial Group LLC bought a new stake in shares of Silicon Motion Technology during the 4th quarter worth $88,000. LRI Investments LLC boosted its holdings in shares of Silicon Motion Technology by 519.0% during the 4th quarter. LRI Investments LLC now owns 3,033 shares of the semiconductor producer's stock worth $164,000 after buying an additional 2,543 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Silicon Motion Technology by 66.8% during the 1st quarter. Farther Finance Advisors LLC now owns 3,819 shares of the semiconductor producer's stock worth $195,000 after buying an additional 1,529 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Silicon Motion Technology during the 4th quarter worth $208,000. Institutional investors own 78.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Roth Capital upped their price objective on shares of Silicon Motion Technology from $70.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th. B. Riley reaffirmed a "buy" rating and set a $90.00 price objective (up from $75.00) on shares of Silicon Motion Technology in a report on Thursday, June 5th. Bank of America raised Silicon Motion Technology from a "neutral" rating to a "buy" rating and set a $90.00 target price on the stock in a report on Wednesday, June 18th. Needham & Company LLC lowered their target price on Silicon Motion Technology from $70.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Finally, Citigroup raised Silicon Motion Technology to a "buy" rating in a research report on Wednesday, June 18th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $83.89.

Silicon Motion Technology Stock Performance

Shares of SIMO traded up $2.63 during mid-day trading on Friday, hitting $75.77. The company's stock had a trading volume of 721,945 shares, compared to its average volume of 385,540. The firm has a market capitalization of $2.57 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 12.25 and a beta of 0.80. Silicon Motion Technology Corporation has a one year low of $37.21 and a one year high of $85.00. The stock's 50-day moving average is $60.55 and its two-hundred day moving average is $55.22.

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) last issued its earnings results on Tuesday, April 29th. The semiconductor producer reported $0.60 EPS for the quarter, topping the consensus estimate of $0.44 by $0.16. The firm had revenue of $166.49 million during the quarter, compared to analysts' expectations of $162.69 million. Silicon Motion Technology had a return on equity of 12.00% and a net margin of 12.06%. Silicon Motion Technology's quarterly revenue was down 12.1% compared to the same quarter last year. During the same period last year, the business earned $0.64 earnings per share. Analysts expect that Silicon Motion Technology Corporation will post 3.08 EPS for the current fiscal year.

About Silicon Motion Technology

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.