Silicon Motion Technology Corp. (NASDAQ:SIMO) declared a quarterly dividend on Friday, February 16th, Wall Street Journal reports. Stockholders of record on Thursday, May 10th will be paid a dividend of 0.30 per share by the semiconductor producer on Wednesday, May 23rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Wednesday, May 9th.
Shares of Silicon Motion Technology (SIMO) traded up $0.27 on Friday, hitting $45.13. The stock had a trading volume of 326,629 shares, compared to its average volume of 772,348. The firm has a market capitalization of $1,600.00, a price-to-earnings ratio of 21.49 and a beta of 0.47. Silicon Motion Technology has a 52 week low of $39.91 and a 52 week high of $56.51.
A hedge fund recently raised its stake in Silicon Motion Technology stock. State Street Corp boosted its holdings in Silicon Motion Technology Corp. (NASDAQ:SIMO) by 10.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,417 shares of the semiconductor producer’s stock after buying an additional 3,509 shares during the period. State Street Corp owned approximately 0.10% of Silicon Motion Technology worth $1,757,000 as of its most recent SEC filing. Institutional investors and hedge funds own 82.38% of the company’s stock.
Silicon Motion Technology Company 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.
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