Silicon Motion Technology Corporation $SIMO Stake Decreased by GSA Capital Partners LLP

GSA Capital Partners LLP cut its holdings in shares of Silicon Motion Technology Corporation (NASDAQ:SIMO) by 80.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,561 shares of the semiconductor producer’s stock after selling 18,603 shares during the period. GSA Capital Partners LLP’s holdings in Silicon Motion Technology were worth $432,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Boston Partners boosted its position in Silicon Motion Technology by 33.2% during the 2nd quarter. Boston Partners now owns 735,597 shares of the semiconductor producer’s stock worth $55,294,000 after acquiring an additional 183,458 shares during the period. XTX Topco Ltd bought a new position in Silicon Motion Technology in the 2nd quarter valued at about $1,780,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Silicon Motion Technology during the 2nd quarter worth about $263,000. SG Americas Securities LLC bought a new position in shares of Silicon Motion Technology in the third quarter valued at approximately $1,070,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Silicon Motion Technology in the second quarter valued at approximately $288,000. 78.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SIMO. Craig Hallum restated a “buy” rating and issued a $160.00 target price on shares of Silicon Motion Technology in a research report on Thursday, February 5th. Wall Street Zen raised Silicon Motion Technology from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 14th. Susquehanna raised their target price on Silicon Motion Technology from $95.00 to $120.00 and gave the company a “positive” rating in a research note on Monday, November 3rd. Roth Mkm set a $140.00 target price on Silicon Motion Technology and gave the stock a “buy” rating in a report on Wednesday, February 4th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Silicon Motion Technology in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. According to data from MarketBeat, Silicon Motion Technology presently has a consensus rating of “Buy” and a consensus price target of $132.50.

Silicon Motion Technology Stock Down 0.2%

Shares of Silicon Motion Technology stock opened at $135.89 on Wednesday. Silicon Motion Technology Corporation has a 12 month low of $37.21 and a 12 month high of $144.68. The stock has a market cap of $4.62 billion, a PE ratio of 37.33, a price-to-earnings-growth ratio of 0.93 and a beta of 1.06. The business has a fifty day simple moving average of $113.54 and a 200-day simple moving average of $97.39.

About Silicon Motion Technology

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.