Silicon Motion Technology Corporation (SIMO) Stake Maintained by Bank of Montreal Can

Bank of Montreal Can maintained its position in Silicon Motion Technology Corporation (NASDAQ:SIMO) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,720 shares of the semiconductor producer’s stock at the end of the first quarter. Bank of Montreal Can’s holdings in Silicon Motion Technology Corporation were worth $501,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Silicon Motion Technology Corporation by 5.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,417 shares of the semiconductor producer’s stock valued at $103,000 after buying an additional 119 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Silicon Motion Technology Corporation by 5.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,940 shares of the semiconductor producer’s stock valued at $251,000 after buying an additional 292 shares during the last quarter. A.R.T. Advisors LLC increased its stake in shares of Silicon Motion Technology Corporation by 6.2% in the fourth quarter. A.R.T. Advisors LLC now owns 12,000 shares of the semiconductor producer’s stock valued at $509,000 after buying an additional 700 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in shares of Silicon Motion Technology Corporation by 19.5% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 4,966 shares of the semiconductor producer’s stock valued at $211,000 after buying an additional 809 shares during the last quarter. Finally, Macquarie Group Ltd. increased its stake in shares of Silicon Motion Technology Corporation by 10.0% in the fourth quarter. Macquarie Group Ltd. now owns 30,518 shares of the semiconductor producer’s stock valued at $1,296,000 after buying an additional 2,774 shares during the last quarter. Institutional investors own 79.86% of the company’s stock.

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

Shares of Silicon Motion Technology Corporation (NASDAQ SIMO) traded up 1.59% during trading on Monday, reaching $52.41. 366,608 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.86 billion, a PE ratio of 16.81 and a beta of 0.70. The company’s 50-day moving average price is $51.20 and its 200 day moving average price is $45.48. Silicon Motion Technology Corporation has a 52 week low of $37.37 and a 52 week high of $56.25.

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Several brokerages have recently weighed in on SIMO. ValuEngine downgraded shares of Silicon Motion Technology Corporation from a “buy” rating to a “hold” rating in a report on Friday. Loop Capital reaffirmed a “buy” rating and issued a $61.00 target price (up previously from $53.00) on shares of Silicon Motion Technology Corporation in a report on Tuesday, June 6th. Standpoint Research downgraded shares of Silicon Motion Technology Corporation from a “buy” rating to a “reduce” rating in a report on Tuesday, June 6th. B. Riley reissued a “buy” rating and set a $68.75 price objective on shares of Silicon Motion Technology Corporation in a report on Saturday, May 6th. Finally, Zacks Investment Research raised shares of Silicon Motion Technology Corporation from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. Silicon Motion Technology Corporation has a consensus rating of “Buy” and an average target price of $57.56.

Silicon Motion Technology Corporation 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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