BidaskClub lowered shares of Silicon Motion Technology (NASDAQ:SIMO) from a buy rating to a hold rating in a report issued on Friday morning.

SIMO has been the subject of a number of other reports. B. Riley set a $69.00 price target on shares of Silicon Motion Technology and gave the company a buy rating in a research report on Wednesday, October 25th. Needham & Company LLC restated a buy rating and set a $57.00 price target on shares of Silicon Motion Technology in a research report on Friday, October 27th. ValuEngine lowered shares of Silicon Motion Technology from a buy rating to a hold rating in a research report on Wednesday, November 15th. KeyCorp boosted their price target on shares of Silicon Motion Technology from $55.00 to $60.00 and gave the company an overweight rating in a research report on Thursday, December 14th. Finally, UBS Group lowered shares of Silicon Motion Technology from a positive rating to a neutral rating in a research report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $56.56.

Silicon Motion Technology (NASDAQ SIMO) opened at $44.67 on Friday. The company has a market cap of $1,575.98, a price-to-earnings ratio of 21.48 and a beta of 0.46. Silicon Motion Technology has a 1 year low of $39.91 and a 1 year high of $56.51.

The business also recently disclosed a None dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Monday, February 12th will be issued a dividend of $0.298 per share. This represents a dividend yield of 2.12%. The ex-dividend date is Friday, February 9th. Silicon Motion Technology’s dividend payout ratio is currently 42.79%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. ARGA Investment Management LP lifted its holdings in shares of Silicon Motion Technology by 13.5% during the 4th quarter. ARGA Investment Management LP now owns 2,088,771 shares of the semiconductor producer’s stock worth $110,621,000 after acquiring an additional 248,992 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of Silicon Motion Technology by 78.0% during the 3rd quarter. Royce & Associates LP now owns 801,540 shares of the semiconductor producer’s stock worth $38,498,000 after acquiring an additional 351,140 shares during the last quarter. Northcape Capital Pty Ltd lifted its holdings in shares of Silicon Motion Technology by 7.3% during the 4th quarter. Northcape Capital Pty Ltd now owns 713,670 shares of the semiconductor producer’s stock worth $37,796,000 after acquiring an additional 48,707 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Silicon Motion Technology by 64.7% during the 3rd quarter. Janus Henderson Group PLC now owns 700,076 shares of the semiconductor producer’s stock worth $33,639,000 after acquiring an additional 275,089 shares during the last quarter. Finally, Sloane Robinson LLP lifted its holdings in shares of Silicon Motion Technology by 16.8% during the 3rd quarter. Sloane Robinson LLP now owns 588,100 shares of the semiconductor producer’s stock worth $28,246,000 after acquiring an additional 84,600 shares during the last quarter. 83.10% of the stock is owned by institutional investors.

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About Silicon Motion Technology

Silicon Motion Technology Corporation is a fabless semiconductor company. The Company designs, develops and markets low-power semiconductor solutions to original equipment manufacturers (OEMs) and other customers in the mobile storage and mobile communications markets. It is engaged in developing negative-AND (NAND) flash controller integrated circuits (ICs) for solid-state storage devices and specialty radio frequency (RF) ICs for mobile devices.

Analyst Recommendations for Silicon Motion Technology (NASDAQ:SIMO)

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