Robeco Institutional Asset Management B.V. Has $13.62 Million Stock Holdings in Silicon Motion Technology Co. (NASDAQ:SIMO)

Robeco Institutional Asset Management B.V. decreased its position in Silicon Motion Technology Co. (NASDAQ:SIMO - Free Report) by 33.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 251,938 shares of the semiconductor producer's stock after selling 124,386 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.75% of Silicon Motion Technology worth $13,617,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SIMO. Advisors Asset Management Inc. grew its position in Silicon Motion Technology by 129.4% in the third quarter. Advisors Asset Management Inc. now owns 445 shares of the semiconductor producer's stock valued at $27,000 after purchasing an additional 251 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Silicon Motion Technology by 123.2% in the 4th quarter. GAMMA Investing LLC now owns 877 shares of the semiconductor producer's stock valued at $47,000 after acquiring an additional 484 shares in the last quarter. Blue Trust Inc. increased its position in shares of Silicon Motion Technology by 139.5% in the third quarter. Blue Trust Inc. now owns 1,365 shares of the semiconductor producer's stock valued at $83,000 after acquiring an additional 795 shares during the last quarter. Van ECK Associates Corp bought a new stake in Silicon Motion Technology during the third quarter worth about $151,000. Finally, Truist Financial Corp acquired a new position in Silicon Motion Technology during the second quarter valued at approximately $236,000. 78.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on SIMO. StockNews.com lowered Silicon Motion Technology from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Susquehanna lowered their target price on shares of Silicon Motion Technology from $110.00 to $95.00 and set a "positive" rating on the stock in a report on Friday, November 1st. Needham & Company LLC cut their price target on shares of Silicon Motion Technology from $94.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Wedbush restated an "outperform" rating and set a $90.00 price objective on shares of Silicon Motion Technology in a research note on Monday, December 23rd. Finally, Roth Mkm dropped their target price on shares of Silicon Motion Technology from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $81.67.

Silicon Motion Technology Stock Performance

SIMO traded up $2.55 on Tuesday, reaching $54.47. The company had a trading volume of 528,922 shares, compared to its average volume of 329,046. The stock has a market cap of $1.83 billion, a P/E ratio of 20.63, a P/E/G ratio of 1.30 and a beta of 0.79. Silicon Motion Technology Co. has a fifty-two week low of $48.81 and a fifty-two week high of $85.87. The company's fifty day moving average is $54.48 and its 200 day moving average is $57.65.

Silicon Motion Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, February 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.67%. Silicon Motion Technology's dividend payout ratio (DPR) is currently 75.38%.

Silicon Motion Technology Company Profile

Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. The company offers controllers for computing-grade solid state drives (SSDs), which are used in PCs and other client devices; enterprise-grade SSDs used in data centers; eMMC and UFS mobile embedded storage for use in smartphones and IoT devices; flash memory cards and flash drives for use in expandable storage; and specialized SSDs that are used in industrial, commercial, and automotive applications.