State of Wyoming increased its position in shares of Silicon Motion Technology Corporation (NASDAQ:SIMO – Free Report) by 63.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,045 shares of the semiconductor producer’s stock after acquiring an additional 1,961 shares during the quarter. State of Wyoming’s holdings in Silicon Motion Technology were worth $468,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. 1492 Capital Management LLC increased its stake in Silicon Motion Technology by 3.3% in the 4th quarter. 1492 Capital Management LLC now owns 41,696 shares of the semiconductor producer’s stock valued at $3,865,000 after buying an additional 1,330 shares during the period. Reinhart Partners LLC. boosted its holdings in shares of Silicon Motion Technology by 4.8% during the 4th quarter. Reinhart Partners LLC. now owns 1,573,355 shares of the semiconductor producer’s stock worth $145,851,000 after buying an additional 72,421 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Silicon Motion Technology by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 43,901 shares of the semiconductor producer’s stock worth $4,070,000 after buying an additional 2,476 shares during the period. Royce & Associates LP boosted its holdings in shares of Silicon Motion Technology by 41.3% during the 4th quarter. Royce & Associates LP now owns 92,540 shares of the semiconductor producer’s stock worth $8,578,000 after buying an additional 27,040 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in Silicon Motion Technology by 88.8% in the 4th quarter. Global Retirement Partners LLC now owns 1,131 shares of the semiconductor producer’s stock valued at $105,000 after purchasing an additional 532 shares during the period. Institutional investors and hedge funds own 78.02% of the company’s stock.
Silicon Motion Technology Stock Performance
Shares of SIMO opened at $258.70 on Friday. Silicon Motion Technology Corporation has a twelve month low of $65.76 and a twelve month high of $314.34. The firm has a market cap of $8.77 billion, a P/E ratio of 51.43, a PEG ratio of 0.63 and a beta of 1.72. The firm’s 50 day moving average price is $198.82 and its two-hundred day moving average price is $141.01.
Analyst Ratings Changes
A number of research firms have recently commented on SIMO. Susquehanna raised their price objective on shares of Silicon Motion Technology from $175.00 to $275.00 and gave the stock a “positive” rating in a report on Thursday, April 30th. B. Riley Financial reiterated a “buy” rating on shares of Silicon Motion Technology in a research report on Thursday, April 30th. Roth Mkm reiterated a “buy” rating and set a $250.00 target price on shares of Silicon Motion Technology in a research report on Wednesday, April 29th. JPMorgan Chase & Co. raised their price objective on shares of Silicon Motion Technology from $145.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Craig Hallum restated a “buy” rating and issued a $250.00 price objective on shares of Silicon Motion Technology in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $205.63.
Get Our Latest Stock Report on Silicon Motion Technology
Silicon Motion Technology Company Profile
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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