GSA Capital Partners LLP Decreases Stake in Silicon Motion Technology Corporation $SIMO

GSA Capital Partners LLP decreased its holdings in Silicon Motion Technology Corporation (NASDAQ:SIMO) by 80.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,561 shares of the semiconductor producer’s stock after selling 18,603 shares during the quarter. GSA Capital Partners LLP’s holdings in Silicon Motion Technology were worth $432,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Frontier Capital Management Co. LLC increased its holdings in Silicon Motion Technology by 115.4% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,281,115 shares of the semiconductor producer’s stock worth $96,301,000 after purchasing an additional 686,261 shares during the last quarter. Ophir Asset Management Pty Ltd purchased a new position in shares of Silicon Motion Technology during the 2nd quarter valued at approximately $27,941,000. Boston Partners grew its position in shares of Silicon Motion Technology by 33.2% during the second quarter. Boston Partners now owns 735,597 shares of the semiconductor producer’s stock worth $55,294,000 after buying an additional 183,458 shares in the last quarter. First Eagle Investment Management LLC bought a new stake in shares of Silicon Motion Technology in the second quarter worth $10,990,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Silicon Motion Technology by 44.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 442,747 shares of the semiconductor producer’s stock valued at $41,977,000 after acquiring an additional 135,627 shares in the last quarter. Hedge funds and other institutional investors own 78.02% of the company’s stock.

Silicon Motion Technology Trading Down 0.2%

Shares of NASDAQ SIMO 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 company has a market cap of $4.62 billion, a price-to-earnings ratio of 37.33, a price-to-earnings-growth ratio of 0.93 and a beta of 1.06. The stock’s 50 day simple moving average is $113.54 and its 200 day simple moving average is $97.39.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Craig Hallum reissued a “buy” rating and set a $160.00 price objective on shares of Silicon Motion Technology in a report on Thursday, February 5th. Roth Mkm set a $140.00 price target on Silicon Motion Technology and gave the stock a “buy” rating in a research note on Wednesday, February 4th. William Blair began coverage on Silicon Motion Technology in a report on Thursday, January 22nd. They issued an “outperform” rating for the company. B. Riley Financial reaffirmed a “buy” rating on shares of Silicon Motion Technology in a report on Thursday, February 5th. Finally, Needham & Company LLC boosted their price target on Silicon Motion Technology from $125.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $132.50.

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.