Silicon Motion Technology Corp. (SIMO) Receives Consensus Rating of "Buy" from Brokerages

EPS for Silicon Motion Technology Corporation Expected At $0.48

Securities Analyst Recommendations: Silicon Motion Technology Corporation (SIMO), Hudbay Minerals Inc. (HBM)

Third Point Llc who had been investing in Mohawk Inds Inc for a number of months, seems to be bullish on the $20.20B market cap company. The stock increased 0.88% or $0.45 during the last trading session, reaching $51.7. About 7,056 shares traded. (NASDAQ:DFBG) has declined 46.15% since January 9, 2017 and is downtrending. The third largest holder is Arga Investment Management, Lp, which now holds $103.93 million worth of this stock and that ownership represents almost 5.71% of its market capitalization. The institutional investor held 6,272 shares of the semiconductors company at the end of 2017Q3, valued at $301,000, down from 43,266 at the end of the previous reported quarter. The company was initiated on Tuesday, September 8 by Susquehanna. The stock decreased 0.14% or $0.37 during the last trading session, reaching $271.72. About 452,433 shares traded. Silicon Motion Technology Corporation (NASDAQ:SIMO) has risen 21.46% since January 13, 2017 and is uptrending. It has underperformed by 4.22% the S&P500.

Since August 4, 2017, it had 0 insider purchases, and 2 sales for $3.05 million activity. (NYSE:URI) by 2,240 shares to 152,740 shares, valued at $21.19M in 2017Q3, according to the filing. Zacks Investment Research raised shares of Silicon Motion Technology from a "strong sell" rating to a "hold" rating in a research note on Tuesday, October 3rd. Therefore 83% are positive. Needham & Company LLC reissued a "buy" rating and set a $57.00 price objective on shares of Silicon Motion Technology in a research note on Friday, October 27th. Pacific Crest reinitiated the stock with "Overweight" rating in Tuesday, January 3 report. Roth Capital maintained it with "Buy" rating and $5500 target in Tuesday, August 1 report. On Wednesday, September 6 the stock rating was maintained by KeyBanc Capital Markets with "Buy". Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. (NYSE:MHK) rating on Monday, July 31. Northland Capital has "Buy" rating and $60.0 target. The firm earned "Buy" rating on Monday, October 9 by RBC Capital Markets. Standpoint Research has "Buy" rating and $35 target. (NYSE:C) earned "Buy" rating by Guggenheim on Friday, August 28. The firm earned "Buy" rating on Tuesday, July 28 by Topeka Capital Markets.

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Investors sentiment decreased to 0.68 in 2017 Q3. Its down 0.07, from 0.95 in 2017Q2. It also reduced its holding in Facebook Inc (NASDAQ:FB) by 100,000 shares in the quarter, leaving it with 3.40 million shares, and cut its stake in Sherwin Williams Co (NYSE:SHW). Capital Fund Management Sa acquired 354,300 shares as Baidu Inc (Put) (BIDU)'s stock rose 1.94%. Parkside Bankshares And owns 112 shares. Checchi Advisers Lc invested in 0.06% or 10,154 shares. First Foundation has invested 0.02% in McKesson Corporation (NYSE:MCK). Barclays Plc, a United Kingdom-based fund reported 202 shares. City Of London Inv Management reported 162,984 shares. State Street reported 9.23M shares. U S Global holds 0.04% of its portfolio in Pioneer Floating Rate Trust (NYSE:PHD) for 8,083 shares. Verition Fund Mngmt Ltd Liability Corporation reported 0.1% of its portfolio in Mohawk Industries, Inc. The North Carolina-based Bank Of America Corp De has invested 0% in the stock. Riverpoint Ltd Liability Com has invested 0.03% in Citigroup Inc.

Eqis Capital Management Inc, which manages about $779.38M and $1.82B US Long portfolio, upped its stake in Nucor Corp (NYSE:NUE) by 5,842 shares to 22,486 shares, valued at $1.26 million in 2017Q3, according to the filing. It also increased its holding in Penumbra Inc.by 14,862 shares in the quarter, for a total of 79,310 shares, and has risen its stake in Electronic Arts Inc.

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Analysts await Silicon Motion Technology Corporation (NASDAQ:SIMO) to report earnings on January, 22. During the same quarter in the prior year, the business posted $1.07 earnings per share. SIMO's profit will be $17.16M for 26.46 P/E if the $0.48 EPS becomes a reality. The business's quarterly revenue was down 19.8% compared to the same quarter last year. analysts anticipate that Silicon Motion Technology will post 2.31 EPS for the current year.

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