Silicon Motion Techn (NASDAQ:SIMO).
Cardinal Capital Management LLC /ct reports that it raised its investment in Silicon Motion Techn by 10.7% in a 13F filing with the SEC. Its stake was worth $54,706,000 an increase of 10.3% as of quarter end.
Cardinal Capital Management LLC /ct isn’t the only one who has changed their investment in SIMO. As of the end of the quarter Great Lakes Advisors, LLC had acquired 78 shares growing its holdings by 1.1%. The value of the total investment in Silicon Motion Techn went from $336,000 to $338,000 a change of $2,000 quarter to quarter. As of quarter end Raymond James & Associates had sold a total of 753 shares trimming its stake by 3.5%. The value of the investment in (SIMO) decreased from $1,042,000 to $1,001,000 a change of 3.9% quarter over quarter.
Baird Financial Group, Inc. downsized its stake by shedding 7,023 shares a decrease of 4.3% from 06/30/2017 to 09/30/2017. Baird Financial Group, Inc. claims 157,795 shares with a value of $7,579,000. The total value of its holdings decreased 4.7%.
On October 29 Northland Securities left the stock rating at “Buy” targeting a price of $60.00. October 27 investment analysts at Needham & Company LLC held the stock rating at “Buy” projecting a price of $57.00.
Equity analyst B. Riley updated coverage of SIMO with a rating of “Buy” and price target of $69.00. Roth Capital raised the price target on October 24 changing the price objective from $55.00 to $60.00 and issued a “Buy” recommendation.
Equity analyst Loop Capital raised the price target of the stock on October 9 boosting the projection from $51.00 to $59.00 and issued a “Buy” rating. October 9 investment analysts at Needham & Company LLC kept the company rating at “Buy” with a current price target of $57.00.
The company is trading down by 0.55% percent from yesterday’s close. The P/E ratio is 18.24 and market capitalization is 1.65B. In the latest earnings report the EPS was $2.56 with 141.31M shares now outstanding.
Investors are more bearish on shares of Silicon Motion Techn of late if you take into consideration the change in short interest. The stock realized a rise in short interest of 2.30% between September 29, 2017 and October 13, 2017. Short shares increased 76,387 over that timeframe. The short-interest ratio decreased to 6.0 and the percentage of shorted shares is 0.02% as of October 13.