Silicon Motion Technology Co. (NASDAQ:SIMO) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its stake in shares of Silicon Motion Technology Co. (NASDAQ:SIMO) by 33.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 251,938 shares of the semiconductor producer’s stock after selling 124,386 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Silicon Motion Technology were worth $13,617,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. boosted its holdings in shares of Silicon Motion Technology by 129.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 445 shares of the semiconductor producer’s stock valued at $27,000 after acquiring an additional 251 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Silicon Motion Technology by 123.2% in the 4th quarter. GAMMA Investing LLC now owns 877 shares of the semiconductor producer’s stock valued at $47,000 after acquiring an additional 484 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Silicon Motion Technology by 139.5% in the 3rd quarter. Blue Trust Inc. now owns 1,365 shares of the semiconductor producer’s stock valued at $83,000 after acquiring an additional 795 shares during the last quarter. Van ECK Associates Corp purchased a new stake in shares of Silicon Motion Technology in the 3rd quarter valued at $151,000. Finally, Truist Financial Corp purchased a new stake in shares of Silicon Motion Technology in the 2nd quarter valued at $236,000. Institutional investors and hedge funds own 78.02% of the company’s stock.

Analyst Upgrades and Downgrades

SIMO has been the topic of several recent research reports. Craig Hallum dropped their price objective on shares of Silicon Motion Technology from $96.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Needham & Company LLC dropped their price objective on shares of Silicon Motion Technology from $94.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Susquehanna lowered their price target on shares of Silicon Motion Technology from $110.00 to $95.00 and set a “positive” rating on the stock in a report on Friday, November 1st. Roth Mkm lowered their price target on shares of Silicon Motion Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, October 8th. Finally, StockNews.com downgraded shares of Silicon Motion Technology from a “buy” rating to a “hold” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.67.

Silicon Motion Technology Stock Performance

NASDAQ:SIMO opened at $54.61 on Friday. The company has a fifty day moving average of $54.54 and a two-hundred day moving average of $58.25. The stock has a market capitalization of $1.84 billion, a PE ratio of 20.69, a P/E/G ratio of 1.22 and a beta of 0.80. Silicon Motion Technology Co. has a fifty-two week low of $48.81 and a fifty-two week high of $85.87.

Silicon Motion Technology (NASDAQ:SIMO) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor producer reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.07. The company had revenue of $212.40 million during the quarter, compared to analysts’ expectations of $209.49 million. Silicon Motion Technology had a net margin of 10.90% and a return on equity of 11.52%. The firm’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 earnings per share. Research analysts forecast that Silicon Motion Technology Co. will post 2.58 earnings per share for the current year.

Silicon Motion Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Thursday, February 13th. Silicon Motion Technology’s dividend payout ratio is presently 75.38%.

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.