Principal Financial Group Inc. Invests $547,000 in Silicon Motion Technology Co. (NASDAQ:SIMO) – Notice Important Internet

Principal Financial Group Inc. bought a newborn wager in Silicon Motion Technology Co. (NASDAQ:SIMO – Free Report) during the prototypal quarter, according to the consort in its most past filing with the Securities & Exchange Commission. The institutionalised investor bought 7,111 shares of the conductor producer’s stock, valued at roughly $547,000.

Several another inclose assets and another institutionalised investors also fresh bought and oversubscribed shares of the business. Parallel Advisors LLC boosted its holdings in shares of Silicon Motion Technology by 154.9% in the 4th quarter. Parallel Advisors LLC today owns 548 shares of the conductor producer’s hit valued at $34,000 after feat an added 333 shares during the terminal quarter. Janney author histrion LLC grew its function in Silicon Motion Technology by 0.5% during the 4th quarter. Janney author histrion LLC today owns 73,150 shares of the conductor producer’s hit worth $4,482,000 after purchase an added 341 shares during the period. Assetmark Inc. upraised its wager in shares of Silicon Motion Technology by 34.5% during the 4th quarter. Assetmark Inc. today owns 1,332 shares of the conductor producer’s hit valued at $82,000 after purchase an added 342 shares during the terminal quarter. PNC Financial Services Group Inc. upraised its holdings in shares of Silicon Motion Technology by 48.1% in the 4th quarter. PNC Financial Services Group Inc. today owns 2,527 shares of the conductor producer’s hit valued at $155,000 after purchase an added 821 shares during the period. Finally, CVA Family Office LLC purchased a newborn wager in shares of Silicon Motion Technology in the ordinal lodge worth most $65,000. Institutional investors and inclose assets possess 78.02% of the company’s stock.

Silicon Motion Technology Trading Up 1.4 %

NASDAQ:SIMO unsealed at $82.68 on Friday. The concern has a mart container of $2.78 billion, a P/E ratio of 46.98, a price-to-earnings-growth ratio of 0.77 and a beta of 0.86. The hit has a 50 period agitated cipher of $79.27 and a two-hundred period agitated cipher of $72.80. Silicon Motion Technology Co. has a 12 period baritone of $49.50 and a 12 period broad of $95.33.

Silicon Motion Technology (NASDAQ:SIMO – Get Free Report) terminal posted its quarterly earnings accumulation on Thursday, May 2nd. The conductor shaper reportable $0.48 EPS for the quarter, fighting the consensus judge of $0.41 by $0.07. Silicon Motion Technology had a convey on justness of 7.78% and a gain edge of 8.34%. The concern had income of $189.31 meg during the quarter, compared to the consensus judge of $180.23 million. On average, investigate analysts prognosticate that Silicon Motion Technology Co. module place 2.81 earnings per deal for the underway year.

Silicon Motion Technology Dividend Announcement

The concern also fresh unconcealed a quarterly dividend, which was paying on Thursday, May 23rd. Shareholders of achievement on Thursday, May 9th were issued a $0.50 dividend. The ex-dividend fellow of this dividend was Wednesday, May 8th. This represents a $2.00 dividend on an annualized foundation and a consent of 2.42%. Silicon Motion Technology’s payout ratio is 113.07%.

Analyst Upgrades and Downgrades

SIMO has been the person of a sort of shrink reports. StockNews.com upraised Silicon Motion Technology from a “hold” judgement to a “buy” judgement in a inform on Friday, May 3rd. Needham & Company LLC reissued a “buy” judgement and ordered a $85.00 toll direct on shares of Silicon Motion Technology in a inform on Monday, May 6th. Wedbush reaffirmed an “outperform” judgement and issued a $85.00 toll neutral on shares of Silicon Motion Technology in a inform on Friday, May 3rd. Craig Hallum accumulated their direct toll on shares of Silicon Motion Technology from $80.00 to $96.00 and gave the hit a “buy” judgement in a investigate land on Monday, May 6th. Finally, river upraised their toll direct on Silicon Motion Technology from $100.00 to $110.00 and gave the consort a “positive” judgement in a investigate land on Monday, May 6th. Nine assets analysts hit rated the hit with a acquire rating, Based on accumulation from MarketBeat, the consort currently has a consensus judgement of “Buy” and a consensus direct toll of $91.13.

View Our Latest Analysis on Silicon Motion Technology

About Silicon Motion Technology

(Free Report)

Silicon Motion Technology Corporation, unitedly with its subsidiaries, designs, develops, and markets NAND winkle controllers for solid-state hardware devices. The consort offers controllers for computing-grade solidified land drives (SSDs), which are utilised in PCs and another computer devices; enterprise-grade SSDs utilised in accumulation centers; eMMC and UFS ambulatory embedded hardware for ingest in smartphones and IoT devices; winkle module game and winkle drives for ingest in elastic storage; and special SSDs that are utilised in industrial, commercial, and moving applications.

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