21,840 Shares in Silicon Motion Technology Corp. (NASDAQ:SIMO) Acquired by Glaxis Capital Management LLC

Glaxis Capital Management LLC bought a new position in Silicon Motion Technology Corp. (NASDAQ:SIMO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,840 shares of the semiconductor producer’s stock, valued at approximately $1,157,000. Silicon Motion Technology comprises about 1.6% of Glaxis Capital Management LLC’s portfolio, making the stock its 15th largest position. Glaxis Capital Management LLC owned approximately 0.06% of Silicon Motion Technology as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. bought a new position in Silicon Motion Technology in the third quarter valued at about $101,000. Advisors Preferred LLC raised its stake in shares of Silicon Motion Technology by 451.0% in the third quarter. Advisors Preferred LLC now owns 2,667 shares of the semiconductor producer’s stock worth $128,000 after buying an additional 2,183 shares during the period. Boothbay Fund Management LLC bought a new position in shares of Silicon Motion Technology in the third quarter worth about $251,000. Virtu KCG Holdings LLC raised its stake in shares of Silicon Motion Technology by 25.3% in the second quarter. Virtu KCG Holdings LLC now owns 5,770 shares of the semiconductor producer’s stock worth $278,000 after buying an additional 1,164 shares during the period. Finally, Advisor Group Inc. raised its stake in shares of Silicon Motion Technology by 23.4% in the second quarter. Advisor Group Inc. now owns 6,167 shares of the semiconductor producer’s stock worth $297,000 after buying an additional 1,171 shares during the period. 83.10% of the stock is currently owned by hedge funds and other institutional investors.

SIMO has been the topic of several recent analyst reports. B. Riley reissued a “buy” rating and set a $68.75 target price on shares of Silicon Motion Technology in a research note on Monday, January 8th. ValuEngine raised Silicon Motion Technology from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Northland Securities restated a “buy” rating and set a $60.00 price target on shares of Silicon Motion Technology in a report on Sunday, October 29th. Needham & Company LLC restated a “buy” rating and set a $57.00 price target on shares of Silicon Motion Technology in a report on Friday, October 27th. Finally, Roth Capital raised their price target on Silicon Motion Technology from $55.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $56.56.

Shares of Silicon Motion Technology Corp. (SIMO) traded up $0.04 during midday trading on Thursday, reaching $44.73. The company’s stock had a trading volume of 305,100 shares, compared to its average volume of 726,354. The company has a market cap of $1,578.81, a price-to-earnings ratio of 21.81 and a beta of 0.47. Silicon Motion Technology Corp. has a 1-year low of $39.91 and a 1-year high of $56.51.

The business also recently declared a None dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Monday, February 12th will be given a $0.298 dividend. This represents a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, February 9th. Silicon Motion Technology’s payout ratio is 47.60%.

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Silicon Motion Technology Profile

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.

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

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