Macquarie Group Ltd. Has $1.61 Million Stake in Silicon Motion Technology Corporation (SIMO)

Macquarie Group Ltd. increased its position in Silicon Motion Technology Corporation (NASDAQ:SIMO) by 14.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,481 shares of the semiconductor producer’s stock after buying an additional 4,175 shares during the period. Macquarie Group Ltd. owned about 0.09% of Silicon Motion Technology worth $1,608,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SIMO. William Blair Investment Management LLC raised its position in shares of Silicon Motion Technology by 170.4% in the second quarter. William Blair Investment Management LLC now owns 947,862 shares of the semiconductor producer’s stock valued at $45,715,000 after buying an additional 597,352 shares during the last quarter. ARGA Investment Management LP increased its position in Silicon Motion Technology by 46.1% during the second quarter. ARGA Investment Management LP now owns 1,732,879 shares of the semiconductor producer’s stock worth $83,577,000 after purchasing an additional 546,487 shares during the last quarter. Investec Asset Management LTD increased its position in Silicon Motion Technology by 46.4% during the second quarter. Investec Asset Management LTD now owns 1,638,818 shares of the semiconductor producer’s stock worth $79,040,000 after purchasing an additional 519,631 shares during the last quarter. Janus Henderson Group PLC acquired a new position in Silicon Motion Technology during the second quarter worth approximately $20,501,000. Finally, Sloane Robinson LLP increased its position in Silicon Motion Technology by 134.4% during the second quarter. Sloane Robinson LLP now owns 503,500 shares of the semiconductor producer’s stock worth $24,284,000 after purchasing an additional 288,700 shares during the last quarter. 82.84% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently commented on SIMO shares. Standpoint Research raised shares of Silicon Motion Technology from a “reduce” rating to a “buy” rating in a research report on Wednesday, August 30th. Needham & Company LLC reaffirmed 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. Northland Securities reaffirmed a “buy” rating and set a $60.00 price target on shares of Silicon Motion Technology in a research report on Sunday, October 29th. Finally, Loop Capital upped their price target on shares of Silicon Motion Technology from $51.00 to $59.00 and gave the stock a “buy” rating in a research report on Monday, October 9th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $57.67.

Shares of Silicon Motion Technology Corporation (SIMO) opened at $52.47 on Thursday. Silicon Motion Technology Corporation has a 52-week low of $37.37 and a 52-week high of $55.68. The stock has a market cap of $1,836.70, a price-to-earnings ratio of 19.77 and a beta of 0.64.

Silicon Motion Technology (NASDAQ:SIMO) last released its quarterly earnings data on Friday, October 27th. The semiconductor producer reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.01. Silicon Motion Technology had a net margin of 17.18% and a return on equity of 19.58%. The company had revenue of $127.20 million during the quarter, compared to analyst estimates of $127.24 million. During the same quarter in the prior year, the business earned $1.07 earnings per share. The business’s quarterly revenue was down 19.8% compared to the same quarter last year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Thursday, November 9th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $1.20 annualized dividend and a dividend yield of 2.29%. This is a positive change from Silicon Motion Technology’s previous quarterly dividend of $0.20. Silicon Motion Technology’s dividend payout ratio is presently 35.04%.

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Silicon Motion Technology Profile

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.

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

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