Robeco Institutional Asset Management B.V. Has $41.98 Million Stake in Silicon Motion Technology Corporation $SIMO

Robeco Institutional Asset Management B.V. grew its position in Silicon Motion Technology Corporation (NASDAQ:SIMO) by 44.2% in the third quarter, HoldingsChannel.com reports. The fund owned 442,747 shares of the semiconductor producer’s stock after buying an additional 135,627 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Silicon Motion Technology were worth $41,977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings in shares of Silicon Motion Technology by 169.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 582 shares of the semiconductor producer’s stock valued at $44,000 after purchasing an additional 366 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Silicon Motion Technology by 118.3% in the 2nd quarter. GAMMA Investing LLC now owns 976 shares of the semiconductor producer’s stock worth $73,000 after buying an additional 529 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Silicon Motion Technology during the second quarter valued at approximately $75,000. Headlands Technologies LLC purchased a new position in shares of Silicon Motion Technology during the 2nd quarter valued at about $108,000. Finally, Blue Trust Inc. increased its position in shares of Silicon Motion Technology by 53.3% in the second quarter. Blue Trust Inc. now owns 2,026 shares of the semiconductor producer’s stock valued at $152,000 after acquiring an additional 704 shares during the period. Institutional investors own 78.02% of the company’s stock.

Silicon Motion Technology Price Performance

NASDAQ:SIMO opened at $121.13 on Thursday. Silicon Motion Technology Corporation has a 1-year low of $37.21 and a 1-year high of $121.31. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 41.63, a price-to-earnings-growth ratio of 1.16 and a beta of 1.05. The firm’s fifty day moving average price is $91.03 and its 200 day moving average price is $85.55.

Silicon Motion Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.7%. Silicon Motion Technology’s dividend payout ratio (DPR) is presently 68.73%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SIMO. Susquehanna increased their target price on Silicon Motion Technology from $95.00 to $120.00 and gave the stock a “positive” rating in a research report on Monday, November 3rd. Zacks Research lowered shares of Silicon Motion Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. JPMorgan Chase & Co. raised their target price on shares of Silicon Motion Technology from $85.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. Roth Capital reaffirmed a “buy” rating and set a $120.00 price objective on shares of Silicon Motion Technology in a report on Friday, October 31st. Finally, Wedbush set a $120.00 price objective on Silicon Motion Technology in a research report on Monday, November 3rd. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Silicon Motion Technology presently has an average rating of “Moderate Buy” and an average target price of $111.25.

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.