Silicon Dynamics, Inc. Marketbeat Ratings reports that (NASDAQ: SIMO – Get Rating) has received an average “hold” recommendation from the eight research firms covering the stock. Four analysts have a hold recommendation on the stock, and one analyst has a buy recommendation on the company. Analysts who updated their coverage on the stock last year have an average 1-year price target of $109.00.
Several research firms have recently released reports on SIMO. B. Riley lowered his price target on Silicon Motion Technology to $107.00 from $114.00 in a Monday, Aug. 1 report. StockNews.com upgraded Silicon Motion Technology to “buy” from “hold” in a report on Monday, Sept. 12. Finally, Wedbush lowered its price target on Silicon Motion Technology to $110.00 from $115.00 in a report on Thursday, July 28.
Institutional Investor Views on Silicon Motion Technology
Some hedge funds and other institutional investors have recently revised their stock holdings. Mission Wealth Management LP increased its stock position in Silicon Motion Technology by 5.2% in the first quarter. Mission Wealth Management LP now owns 3,050 shares of the semiconductor maker’s stock, valued at $204,000, after acquiring an additional 150 shares during the period. Aigen Investment Management LP increased its position in Silicon Motion Technology shares by 3.3% in the first quarter. Aigen Investment Management LP now owns 5,378 shares of the semiconductor maker’s stock, worth $359,000, after buying an additional 173 shares in the previous quarter. Alta Advisers Ltd increased its stock position in Silicon Motion Technology by 11.6% in the second quarter. Alta Advisers Ltd now owns 2,009 shares of the semiconductor maker’s stock, worth $168,000, after buying an additional 209 shares in the previous quarter. Cetera Investment Advisers increased its position in Silicon Motion Technology shares by 3.8% in the fourth quarter. Cetera Investment Advisers now owns 6,290 shares of the semiconductor maker’s stock, worth $598,000, after buying an additional 228 shares in the previous quarter. Finally, Pinebridge Investments LP increased its stock position in Silicon Motion Technology by 127.0% in the second quarter. Pinebridge Investments LP now owns 454 shares of the semiconductor maker’s stock, worth $38,000, after buying an additional 254 shares in the previous quarter. 72.12% of the stock is currently held by institutional investors and hedge funds.
Silicon Motion Technology stock performance
SIMO stock opened Monday at $69.96. Silicon Motion Technology had a 1-year low of $64.41 and a 1-year high of $98.65. The stock has a 50-day moving average of $79.85 and its 200-day moving average of $80.38. The company has a market cap of $2.31 billion, a P/E ratio of 10.83, a PEG ratio of 1.12, and a beta of 0.99.
Silicon Pin Technology Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, August 25. Shareholders of record on Thursday, August 11 received a dividend of $0.50 per share. The ex-dividend date is Wednesday, August 10th. This translates to an annualized dividend of $2.00 and a dividend yield of 2.86%. Silicon Motion Technology’s payout ratio is 30.80%.
Company Profile
(get a rating)
Silicon Motion Technology Corporation and its subsidiaries design, develop and sell NAND flash memory controllers for solid-state storage devices. It provides controllers for computing-grade solid-state drives (SSDs) for PCs and other client devices; enterprise-grade SSDs for data centers; eMMC and UFS mobile embedded storage for smartphones and IoT devices; used in Flash cards and flash drives for scalable storage; and dedicated SSDs for industrial, commercial, and automotive applications.
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