Silicon Motion Technology Co. (NASDAQ:SIMO) Shares Acquired by Jump Financial LLC

Jump Financial LLC lifted its holdings in shares of Silicon Motion Technology Co. (NASDAQ:SIMOFree Report) by 85.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,276 shares of the semiconductor producer’s stock after buying an additional 22,250 shares during the period. Jump Financial LLC’s holdings in Silicon Motion Technology were worth $2,958,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Signaturefd LLC boosted its stake in shares of Silicon Motion Technology by 183.5% during the third quarter. Signaturefd LLC now owns 686 shares of the semiconductor producer’s stock worth $35,000 after buying an additional 444 shares during the period. Assetmark Inc. acquired a new stake in shares of Silicon Motion Technology during the third quarter worth about $51,000. CVA Family Office LLC acquired a new stake in shares of Silicon Motion Technology during the fourth quarter worth about $65,000. Covestor Ltd boosted its stake in shares of Silicon Motion Technology by 76.9% during the third quarter. Covestor Ltd now owns 1,788 shares of the semiconductor producer’s stock worth $92,000 after buying an additional 777 shares during the period. Finally, Wolverine Asset Management LLC boosted its stake in shares of Silicon Motion Technology by 1,499.5% during the third quarter. Wolverine Asset Management LLC now owns 3,199 shares of the semiconductor producer’s stock worth $164,000 after buying an additional 2,999 shares during the period. Institutional investors and hedge funds own 78.02% of the company’s stock.

Silicon Motion Technology Price Performance

Silicon Motion Technology stock traded down $0.70 during mid-day trading on Monday, reaching $75.51. The company had a trading volume of 107,936 shares, compared to its average volume of 444,492. The stock’s 50-day simple moving average is $75.38 and its 200-day simple moving average is $66.61. Silicon Motion Technology Co. has a 1 year low of $49.50 and a 1 year high of $95.33. The company has a market capitalization of $2.54 billion, a P/E ratio of 43.30, a P/E/G ratio of 4.00 and a beta of 0.87.

Silicon Motion Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, May 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.65%. Silicon Motion Technology’s dividend payout ratio (DPR) is 113.07%.

Analyst Ratings Changes

Several research firms recently issued reports on SIMO. JPMorgan Chase & Co. increased their price target on shares of Silicon Motion Technology from $77.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Craig Hallum increased their price target on shares of Silicon Motion Technology from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Needham & Company LLC reissued a “buy” rating and set a $85.00 price target on shares of Silicon Motion Technology in a report on Monday, May 6th. B. Riley increased their price target on shares of Silicon Motion Technology from $101.00 to $105.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Finally, Morgan Stanley raised shares of Silicon Motion Technology from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $59.00 to $88.00 in a report on Monday, May 6th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $91.13.

Get Our Latest Stock Analysis on Silicon Motion Technology

Silicon Motion Technology Company Profile

(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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