Cardinal Capital Management LLC CT increased its position in Silicon Motion Technology Corporation (NASDAQ:SIMO) by 10.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 824,863 shares of the company’s stock after buying an additional 81,249 shares during the period. Silicon Motion Technology Corporation comprises 1.5% of Cardinal Capital Management LLC CT’s portfolio, making the stock its 28th largest position. Cardinal Capital Management LLC CT owned about 2.34% of Silicon Motion Technology Corporation worth $35,040,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SIMO. Columbus Circle Investors raised its position in shares of Silicon Motion Technology Corporation by 28.2% in the second quarter. Columbus Circle Investors now owns 764,920 shares of the company’s stock worth $36,563,000 after buying an additional 168,229 shares during the period. FMR LLC raised its stake in shares of Silicon Motion Technology Corporation by 62.8% in the fourth quarter. FMR LLC now owns 707,945 shares of the company’s stock valued at $30,074,000 after buying an additional 273,000 shares during the period. Acadian Asset Management LLC raised its stake in shares of Silicon Motion Technology Corporation by 541.2% in the third quarter. Acadian Asset Management LLC now owns 674,687 shares of the company’s stock valued at $34,940,000 after buying an additional 569,465 shares during the period. Neumeier Poma Investment Counsel LLC raised its stake in shares of Silicon Motion Technology Corporation by 34.2% in the fourth quarter. Neumeier Poma Investment Counsel LLC now owns 494,750 shares of the company’s stock valued at $21,017,000 after buying an additional 126,220 shares during the period. Finally, Origin Asset Management LLP raised its stake in shares of Silicon Motion Technology Corporation by 54.9% in the second quarter. Origin Asset Management LLP now owns 431,800 shares of the company’s stock valued at $20,640,000 after buying an additional 153,000 shares during the period. 69.70% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Silicon Motion Technology Corporation (NASDAQ:SIMO) traded up 0.74% during midday trading on Thursday, hitting $42.16. 446,238 shares of the stock traded hands. The stock has a 50 day moving average of $41.77 and a 200 day moving average of $46.80. Silicon Motion Technology Corporation has a 1-year low of $32.45 and a 1-year high of $56.25. The company has a market capitalization of $1.49 billion, a P/E ratio of 13.51 and a beta of 0.91.

Silicon Motion Technology Corporation (NASDAQ:SIMO) last released its quarterly earnings data on Monday, January 23rd. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. The company earned $144.20 million during the quarter, compared to the consensus estimate of $141.72 million. Silicon Motion Technology Corporation had a return on equity of 28.02% and a net margin of 19.95%. The firm’s revenue for the quarter was up 47.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 EPS. Equities research analysts predict that Silicon Motion Technology Corporation will post $3.70 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 23rd. Stockholders of record on Monday, February 13th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Thursday, February 9th. Silicon Motion Technology Corporation’s payout ratio is presently 22.12%.

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SIMO has been the topic of several analyst reports. Zacks Investment Research lowered shares of Silicon Motion Technology Corporation from a “hold” rating to a “sell” rating in a report on Monday, January 16th. Loop Capital initiated coverage on shares of Silicon Motion Technology Corporation in a report on Monday, December 5th. They issued a “buy” rating and a $55.00 price target on the stock. Instinet lowered shares of Silicon Motion Technology Corporation from a “buy” rating to a “neutral” rating and lowered their price target for the company from $62.00 to $50.00 in a report on Tuesday, January 24th. Brean Capital reissued a “buy” rating on shares of Silicon Motion Technology Corporation in a report on Friday, December 30th. Finally, Northland Securities reissued an “outperform” rating and issued a $60.00 price target on shares of Silicon Motion Technology Corporation in a report on Wednesday, December 28th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $54.13.

About Silicon Motion Technology Corporation

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.

5 Day Chart for NASDAQ:SIMO

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