Keeley Teton Advisors LLC Sells 5,560 Shares of Silicon Motion Technology Co. (NASDAQ:SIMO)

Keeley Teton Advisors LLC decreased its position in Silicon Motion Technology Co. (NASDAQ:SIMOGet Rating) by 25.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,644 shares of the semiconductor producer’s stock after selling 5,560 shares during the quarter. Keeley Teton Advisors LLC owned approximately 0.05% of Silicon Motion Technology worth $1,393,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Pinebridge Investments L.P. grew its stake in shares of Silicon Motion Technology by 127.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 454 shares of the semiconductor producer’s stock worth $38,000 after acquiring an additional 254 shares in the last quarter. Covestor Ltd bought a new stake in shares of Silicon Motion Technology in the 1st quarter worth $97,000. Alta Advisers Ltd grew its stake in shares of Silicon Motion Technology by 11.6% in the 2nd quarter. Alta Advisers Ltd now owns 2,009 shares of the semiconductor producer’s stock worth $168,000 after acquiring an additional 209 shares in the last quarter. Sage Mountain Advisors LLC bought a new position in Silicon Motion Technology during the first quarter valued at about $201,000. Finally, SG Americas Securities LLC bought a new position in Silicon Motion Technology during the first quarter valued at about $201,000. Institutional investors own 72.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SIMO shares. Susquehanna upgraded shares of Silicon Motion Technology from a “neutral” rating to a “positive” rating and set a $108.00 price target for the company in a research report on Wednesday, October 5th. Wedbush reduced their price target on shares of Silicon Motion Technology from $115.00 to $110.00 in a research report on Thursday, July 28th. StockNews.com started coverage on shares of Silicon Motion Technology in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Needham & Company LLC upgraded shares of Silicon Motion Technology from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Wednesday, November 2nd. Finally, Susquehanna Bancshares upgraded shares of Silicon Motion Technology to a “positive” rating and set a $108.00 price target for the company in a research report on Wednesday, October 5th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $103.00.

Silicon Motion Technology Stock Up 1.8 %

Shares of NASDAQ:SIMO opened at $61.52 on Thursday. The firm has a market capitalization of $2.03 billion, a PE ratio of 9.97, a P/E/G ratio of 2.11 and a beta of 0.92. Silicon Motion Technology Co. has a twelve month low of $51.82 and a twelve month high of $98.65. The company has a 50-day moving average price of $61.80 and a two-hundred day moving average price of $76.16.

Silicon Motion Technology Profile

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Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. It 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.

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

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