Silicon Motion Technology Co. (NASDAQ:SIMO) Short Interest Update
Silicon Movement Engineering Co. (NASDAQ:SIMO – Get Rating) was the focus on of a massive improve in quick curiosity throughout the month of December. As of December 15th, there was small curiosity totalling 1,570,000 shares, an boost of 27.6{38557cf0372cd7f85c91e7e33cff125558f1277b36a8edbab0100de866181896} from the November 30th full of 1,230,000 shares. Dependent on an ordinary daily investing quantity, of 321,000 shares, the shorter-fascination ratio is presently 4.9 days. Roughly 4.6{38557cf0372cd7f85c91e7e33cff125558f1277b36a8edbab0100de866181896} of the shares of the organization are sold short.
Silicon Motion Technologies Inventory Functionality
Shares of SIMO traded up $1.04 during midday investing on Friday, hitting $64.99. 289,742 shares of the enterprise traded fingers, compared to its normal volume of 510,146. The firm has a 50 day going common of $61.35 and a 200-day transferring typical of $71.17. Silicon Motion Technological innovation has a 52 week lower of $51.82 and a 52 7 days large of $98.65. The stock has a marketplace cap of $2.15 billion, a cost-to-earnings ratio of 10.53, a PEG ratio of 2.19 and a beta of .95.
Silicon Motion Engineering (NASDAQ:SIMO – Get Score) previous introduced its earnings outcomes on Tuesday, November 1st. The semiconductor producer claimed $1.29 earnings for each share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($.51). The business enterprise experienced income of $250.81 million for the quarter, as opposed to analysts’ expectations of $279.33 million. Silicon Movement Technological innovation had a web margin of 20.76{38557cf0372cd7f85c91e7e33cff125558f1277b36a8edbab0100de866181896} and a return on fairness of 32.05{38557cf0372cd7f85c91e7e33cff125558f1277b36a8edbab0100de866181896}. Market-side analysts forecast that Silicon Motion Technological innovation will submit 5.74 earnings for every share for the present fiscal year.
Wall Avenue Analysts Forecast Growth
A number of brokerages have weighed in on SIMO. Susquehanna Bancshares upgraded shares of Silicon Movement Technological know-how to a “optimistic” score and established a $108.00 target price for the company in a investigation observe on Wednesday, Oct 5th. Susquehanna upgraded shares of Silicon Movement Technologies from a “neutral” rating to a “positive” rating and set a $108.00 goal price for the organization in a study take note on Wednesday, October 5th. StockNews.com begun protection on shares of Silicon Motion Technological innovation in a analysis take note on Wednesday, October 12th. They set a “maintain” score for the business. Ultimately, Needham & Enterprise LLC raised shares of Silicon Movement Technologies from a “hold” ranking to a “acquire” rating and set a $75.00 value objective for the business in a investigation report on Wednesday, November 2nd. A few equities investigation analysts have rated the inventory with a hold score and a few have assigned a buy ranking to the business. In accordance to MarketBeat.com, Silicon Movement Technology now has a consensus score of “Reasonable Get” and a consensus value concentrate on of $103.00.
Institutional Buying and selling of Silicon Movement Technological innovation
A number of hedge resources have a short while ago made variations to their positions in the enterprise. Weiss Asset Administration LP obtained a new stake in shares of Silicon Movement Technology in the course of the 3rd quarter valued at about $1,956,000. Westchester Cash Administration LLC raised its situation in Silicon Movement Technological innovation by 31.3{38557cf0372cd7f85c91e7e33cff125558f1277b36a8edbab0100de866181896} in the 3rd quarter. Westchester Capital Administration LLC now owns 1,073,218 shares of the semiconductor producer’s inventory well worth $69,963,000 just after buying an added 256,085 shares in the course of the time period. Telemetry Investments L.L.C. lifted its position in Silicon Motion Technological innovation by 161.4{38557cf0372cd7f85c91e7e33cff125558f1277b36a8edbab0100de866181896} in the 3rd quarter. Telemetry Investments L.L.C. now owns 8,625 shares of the semiconductor producer’s stock well worth $562,000 following buying an added 5,325 shares through the period of time. Maven Securities LTD purchased a new stake in Silicon Motion Technology in the 3rd quarter truly worth about $9,779,000. Finally, Maso Capital Companions Ltd elevated its situation in Silicon Motion Technologies by 22.7{38557cf0372cd7f85c91e7e33cff125558f1277b36a8edbab0100de866181896} in the 3rd quarter. Maso Funds Associates Ltd now owns 36,814 shares of the semiconductor producer’s stock really worth $2,400,000 soon after buying an supplemental 6,814 shares through the interval. 66.67{38557cf0372cd7f85c91e7e33cff125558f1277b36a8edbab0100de866181896} of the inventory is now owned by hedge cash and other institutional investors.
Silicon Motion Technological innovation Organization Profile
Silicon Motion Technologies Corporation, collectively with its subsidiaries, designs, develops, and marketplaces NAND flash controllers for reliable-condition storage gadgets. It features controllers for computing-grade strong state drives (SSDs), which are made use of in PCs and other consumer devices organization-quality SSDs employed in knowledge centers eMMC and UFS cell embedded storage for use in smartphones and IoT devices flash memory cards and flash drives for use in expandable storage and specialised SSDs that are applied in industrial, business, and automotive programs.
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