GSA Capital Partners LLP Has $926,000 Stock Holdings in Silicon Motion Technology Corporation $SIMO

GSA Capital Partners LLP increased its position in shares of Silicon Motion Technology Corporation (NASDAQ:SIMOFree Report) by 119.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,991 shares of the semiconductor producer’s stock after acquiring an additional 5,430 shares during the period. GSA Capital Partners LLP’s holdings in Silicon Motion Technology were worth $926,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in SIMO. Royal Bank of Canada boosted its position in shares of Silicon Motion Technology by 87.6% during the 1st quarter. Royal Bank of Canada now owns 69,660 shares of the semiconductor producer’s stock worth $3,522,000 after acquiring an additional 32,527 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Silicon Motion Technology by 155.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 73,988 shares of the semiconductor producer’s stock worth $3,741,000 after acquiring an additional 44,976 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Silicon Motion Technology by 2.6% during the 2nd quarter. Geode Capital Management LLC now owns 37,806 shares of the semiconductor producer’s stock worth $2,842,000 after acquiring an additional 962 shares in the last quarter. Creative Planning acquired a new stake in shares of Silicon Motion Technology during the 2nd quarter worth approximately $324,000. Finally, Legal & General Group Plc boosted its position in shares of Silicon Motion Technology by 141.4% during the 2nd quarter. Legal & General Group Plc now owns 9,738 shares of the semiconductor producer’s stock worth $732,000 after acquiring an additional 5,704 shares in the last quarter. Institutional investors and hedge funds own 78.02% of the company’s stock.

Analyst Upgrades and Downgrades

SIMO has been the topic of several analyst reports. Weiss Ratings lowered shares of Silicon Motion Technology from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Susquehanna increased their price target on shares of Silicon Motion Technology from $175.00 to $275.00 and gave the stock a “positive” rating in a research report on Thursday, April 30th. Roth Mkm reiterated a “buy” rating and set a $250.00 price target on shares of Silicon Motion Technology in a research report on Wednesday, April 29th. Needham & Company LLC raised their target price 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. Finally, Craig Hallum reiterated a “buy” rating and set a $250.00 price target on shares of Silicon Motion Technology in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $205.63.

Get Our Latest Analysis on SIMO

Silicon Motion Technology Stock Performance

Shares of SIMO opened at $276.14 on Friday. Silicon Motion Technology Corporation has a 52 week low of $60.35 and a 52 week high of $278.50. The stock has a market capitalization of $9.36 billion, a price-to-earnings ratio of 54.90, a PEG ratio of 0.81 and a beta of 1.67. The stock has a fifty day moving average of $166.53 and a 200-day moving average of $127.65.

Silicon Motion Technology (NASDAQ:SIMOGet Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The semiconductor producer reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.27. Silicon Motion Technology had a return on equity of 20.24% and a net margin of 16.02%.The company had revenue of $342.11 million during the quarter, compared to analysts’ expectations of $299.53 million. During the same period in the prior year, the company earned $0.60 EPS. Silicon Motion Technology’s revenue was up 105.5% compared to the same quarter last year. As a group, equities analysts forecast that Silicon Motion Technology Corporation will post 7.77 EPS for the current year.

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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Institutional Ownership by Quarter for Silicon Motion Technology (NASDAQ:SIMO)

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