Thompson Siegel & Walmsley LLC trimmed its position in Silicon Motion Technology Co. (NASDAQ:SIMO - Free Report) by 17.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 79,325 shares of the semiconductor producer's stock after selling 16,325 shares during the period. Thompson Siegel & Walmsley LLC owned 0.24% of Silicon Motion Technology worth $4,860,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of SIMO. Signaturefd LLC lifted its stake in shares of Silicon Motion Technology by 183.5% in the 3rd quarter. Signaturefd LLC now owns 686 shares of the semiconductor producer's stock valued at $35,000 after acquiring an additional 444 shares during the last quarter. Assetmark Inc. bought a new position in shares of Silicon Motion Technology in the 3rd quarter valued at $51,000. CVA Family Office LLC bought a new position in shares of Silicon Motion Technology in the 4th quarter valued at $65,000. Covestor Ltd raised its position in Silicon Motion Technology by 76.9% during the 3rd quarter. Covestor Ltd now owns 1,788 shares of the semiconductor producer's stock worth $92,000 after purchasing an additional 777 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its position in Silicon Motion Technology by 1,499.5% during the 3rd quarter. Wolverine Asset Management LLC now owns 3,199 shares of the semiconductor producer's stock worth $164,000 after purchasing an additional 2,999 shares during the last quarter. 78.02% of the stock is currently owned by institutional investors.
Silicon Motion Technology Stock Down 0.9 %
Silicon Motion Technology stock traded down $0.69 during trading hours on Friday, reaching $76.21. 472,287 shares of the company's stock were exchanged, compared to its average volume of 386,987. The firm's 50 day simple moving average is $75.38 and its 200 day simple moving average is $66.51. The firm has a market capitalization of $2.57 billion, a PE ratio of 43.30, a PEG ratio of 4.03 and a beta of 0.87. Silicon Motion Technology Co. has a twelve month low of $49.50 and a twelve month high of $95.33.
Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) last issued its earnings results on Tuesday, February 6th. The semiconductor producer reported $0.63 EPS for the quarter, beating the consensus estimate of $0.51 by $0.12. The company had revenue of $202.38 million during the quarter, compared to the consensus estimate of $197.60 million. Silicon Motion Technology had a return on equity of 7.78% and a net margin of 8.34%. Analysts anticipate that Silicon Motion Technology Co. will post 2.72 EPS for the current year.
Silicon Motion Technology Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $2.00 annualized dividend and a dividend yield of 2.62%. Silicon Motion Technology's dividend payout ratio is presently 113.07%.
Analyst Ratings Changes
Several research analysts recently issued reports on SIMO shares. Wedbush reaffirmed an "outperform" rating and set a $85.00 target price on shares of Silicon Motion Technology in a research report on Friday, May 3rd. StockNews.com raised Silicon Motion Technology from a "hold" rating to a "buy" rating in a research report on Friday, May 3rd. B. Riley raised their target price on Silicon Motion Technology from $101.00 to $105.00 and gave the stock a "buy" rating in a research report on Monday, May 6th. JPMorgan Chase & Co. raised their target price on Silicon Motion Technology from $77.00 to $85.00 and gave the stock an "overweight" rating in a research report on Thursday, February 8th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $85.00 price target on shares of Silicon Motion Technology in a report on Monday, May 6th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Silicon Motion Technology presently has an average rating of "Buy" and an average target price of $91.13.
Read Our Latest Analysis on Silicon Motion Technology
About Silicon Motion Technology
(
Free Report)
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.
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