Silicon Motion Technology Corp. Declares None Dividend of $0.30 (SIMO)

Silicon Motion Technology Corp. (NASDAQ:SIMO) declared a None dividend on Monday, January 8th, Zacks reports. Investors of record on Monday, February 12th will be paid a dividend of 0.298 per share by the semiconductor producer on Tuesday, February 27th. This represents a yield of 2.12%. The ex-dividend date of this dividend is Friday, February 9th.

Shares of Silicon Motion Technology (SIMO) traded up $0.04 during trading hours on Thursday, reaching $44.73. 305,100 shares of the company were exchanged, compared to its average volume of 720,021. The stock has a market cap of $1,578.81, a PE ratio of 21.50 and a beta of 0.47. Silicon Motion Technology has a one year low of $39.91 and a one year high of $56.51.

A number of equities analysts have issued reports on SIMO shares. Zacks Investment Research upgraded shares of Silicon Motion Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th. B. Riley restated a “buy” rating and issued a $68.75 price objective on shares of Silicon Motion Technology in a research report on Monday, January 8th. ValuEngine upgraded shares of Silicon Motion Technology from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. KeyCorp restated a “buy” rating and issued a $54.00 price objective on shares of Silicon Motion Technology in a research report on Wednesday, February 7th. Finally, BidaskClub upgraded shares of Silicon Motion Technology from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $56.56.

A hedge fund recently raised its stake in Silicon Motion Technology stock. State Street Corp lifted its stake in shares of Silicon Motion Technology Corp. (NASDAQ:SIMO) by 10.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,417 shares of the semiconductor producer’s stock after buying an additional 3,509 shares during the quarter. State Street Corp owned about 0.10% of Silicon Motion Technology worth $1,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 83.10% of the company’s stock.

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About Silicon Motion Technology

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.

Dividend History for Silicon Motion Technology (NASDAQ:SIMO)

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