University of Texas Texas AM Investment Management Co. Acquires Shares of 15,256 Silicon Motion Technology Corporation $SIMO

University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Silicon Motion Technology Corporation (NASDAQ:SIMO) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 15,256 shares of the semiconductor producer’s stock, valued at approximately $1,414,000.

A number of other institutional investors also recently added to or reduced their stakes in SIMO. Apis Capital Advisors LLC boosted its holdings in shares of Silicon Motion Technology by 11.7% in the 3rd quarter. Apis Capital Advisors LLC now owns 286,000 shares of the semiconductor producer’s stock worth $27,116,000 after acquiring an additional 30,000 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Silicon Motion Technology by 44.3% in the 4th quarter. SG Americas Securities LLC now owns 16,290 shares of the semiconductor producer’s stock worth $1,510,000 after acquiring an additional 5,002 shares in the last quarter. UBS Group AG boosted its holdings in shares of Silicon Motion Technology by 39.0% in the 4th quarter. UBS Group AG now owns 351,541 shares of the semiconductor producer’s stock worth $32,588,000 after acquiring an additional 98,548 shares in the last quarter. Neumeier Poma Investment Counsel LLC boosted its holdings in shares of Silicon Motion Technology by 10.7% in the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 478,463 shares of the semiconductor producer’s stock worth $45,363,000 after acquiring an additional 46,208 shares in the last quarter. Finally, Granahan Investment Management LLC boosted its holdings in shares of Silicon Motion Technology by 59.7% in the 3rd quarter. Granahan Investment Management LLC now owns 207,758 shares of the semiconductor producer’s stock worth $19,698,000 after acquiring an additional 77,667 shares in the last quarter. 78.02% of the stock is owned by institutional investors and hedge funds.

Silicon Motion Technology Stock Performance

NASDAQ:SIMO opened at $276.40 on Tuesday. The stock’s fifty day moving average price is $217.54 and its two-hundred day moving average price is $149.19. Silicon Motion Technology Corporation has a 52-week low of $67.38 and a 52-week high of $314.34. The company has a market cap of $9.37 billion, a price-to-earnings ratio of 54.95, a P/E/G ratio of 0.68 and a beta of 1.72.

Silicon Motion Technology (NASDAQ:SIMO) last posted its quarterly earnings data on Tuesday, April 28th. The semiconductor producer reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.27. Silicon Motion Technology had a return on equity of 20.24% and a net margin of 16.02%.The firm had revenue of $342.11 million for the quarter, compared to the consensus estimate of $299.53 million. During the same quarter in the prior year, the business earned $0.60 EPS. The business’s revenue for the quarter was up 105.5% compared to the same quarter last year. On average, equities analysts predict that Silicon Motion Technology Corporation will post 7.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SIMO has been the topic of several recent analyst reports. Zacks Research raised Silicon Motion Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Wedbush boosted their target price on Silicon Motion Technology from $180.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. boosted their target price on Silicon Motion Technology from $145.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. B. Riley Financial reissued a “buy” rating on shares of Silicon Motion Technology in a report on Thursday, April 30th. Finally, Craig Hallum reissued a “buy” rating and issued a $250.00 target price on shares of Silicon Motion Technology in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $205.63.

Silicon Motion Technology Company Profile

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.