Silicon Motion Technology Corporation (SIMO) EPS Estimated At $0.48

Mae Love
January 13, 2018

The semiconductor producer reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.01. The stock increased 1.62% or $1.22 during the last trading session, reaching $76.78. 274,200 shares of the stock traded hands, compared to its average volume of 313,700. Silicon Motion Technology Corporation (NASDAQ:SIMO) has risen 21.46% since January 11, 2017 and is uptrending. It has outperformed by 4.76% the S&P500.The move comes after 7 months negative chart setup for the $1.84 billion company.

First Heartland Consultants Inc increased its stake in Mckesson Corp (MCK) by 289.68% based on its latest 2017Q3 regulatory filing with the SEC. Third Point Llc bought 25,000 shares as the company's stock rose 3.82% with the market.

The ETF decreased 1.65% or $0.37 during the last trading session, reaching $21.99. About 393,180 shares traded. Baidu, Inc. (NASDAQ:BIDU) has risen 12.02% since January 12, 2017 and is uptrending. Citigroup Inc now has $203.01B valuation.

Shaker Financial Services Llc, which manages about $132.85M and $188.78M US Long portfolio, upped its stake in Lazard Glb Ttl Ret&Incm Fd I (LGI) by 123,214 shares to 202,894 shares, valued at $3.40 million in 2017Q3, according to the filing. Zacks Investment Research upgraded Silicon Motion Technology from a strong sell rating to a hold rating in a report on Tuesday, October 3rd. Therefore 50% are positive. Starbucks Corporation had 84 analyst reports since July 28, 2015 according to SRatingsIntel. The company was maintained on Tuesday, October 24 by Roth Capital. The firm has "Buy" rating by Standpoint Research given on Thursday, January 14. As per Friday, July 7, the company rating was maintained by Craig Hallum. On Tuesday, January 12 the stock rating was downgraded by Raymond James to "Mkt Perform". $51.47's average target is -8.89% below currents $56.49 stock price. The rating was maintained by Topeka Capital Markets with "Buy" on Tuesday, July 28. Northland Securities reiterated a "buy" rating and issued a $60.00 price target on shares of Silicon Motion Technology in a research note on Sunday, October 29th. Brean Capital maintained the stock with "Buy" rating in Wednesday, July 29 report. Janus Henderson Group PLC purchased a new stake in shares of Silicon Motion Technology in the 2nd quarter worth about $20,501,000.

At the end of 09/30/2017 reporting period, 89 institutional holders increased their position in Silicon Motion Technology Corporation (NASDAQ:SIMO) by some 5,208,104 shares, 92 decreased positions by 4,695,065 and 23 held positions by 19,353,904. During the same period in the previous year, the company earned $1.07 EPS. SIMO's profit would be $17.16 million giving it 26.41 P/E if the $0.48 EPS is correct. Silicon Motion Technology posted earnings of $0.95 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 34.7%.

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Analysts Set Electronic Arts Inc. (EA) PT at $120.52
The fund owned 57,755 shares of the game software company's stock after purchasing an additional 5,940 shares during the period. In other news, insider Andrew Wilson sold 10,058 shares of the business's stock in a transaction dated Wednesday, November 1st.

Among 38 analysts covering Citigroup Inc.

NasdaqGS:SIMO Income Statement Jan 10th 18 What's enabled this growth? Pacific Crest upgraded it to "Outperform" rating and $32 target in Monday, August 17 report. Looking at growth from a sector-level, the U.S. semiconductors and semiconductor equipment industry has been growing its average earnings by double-digit 16.48% in the previous twelve months, and a less exciting 6.51% over the past five. The rating was upgraded by Summit Redstone Partners to "Buy" on Thursday, December 7. The stock has an average rating of "Buy" and an average price target of $55.37. Credit Suisse downgraded McKesson Corporation (NYSE:MCK) rating on Monday, December 18. RBC Capital Markets has "Buy" rating and $29100 target. (NYSE:MHK) on Monday, October 30 with "Overweight" rating. 64,776 shares valued at $3.47 million were sold by CULVER JOHN on Friday, September 8.

Investors sentiment decreased to 0.88 in Q3 2017. This represents a dividend yield of 2.12%.

A number of institutional investors have recently modified their holdings of SIMO. 125 funds opened positions while 492 raised stakes. Axa holds 0.04% or 63,604 shares. (NYSE:MHK). Fenimore Asset invested 1.41% of its portfolio in Mohawk Industries, Inc. Royal Commercial Bank Of Canada holds 0% of its portfolio in Skyline Corporation (NYSEAMERICAN:SKY) for 124,411 shares. (NYSE:MHK) for 882 shares. Marco Inv Ltd Co invested in 0.59% or 52,030 shares. Highbridge Cap Mgmt Lc invested in 0.03% or 6,953 shares. Gabelli Funds Limited Liability stated it has 185,990 shares or 0.01% of all its holdings. (NYSE:C). Cortland Advisers Llc has invested 4.1% in Citigroup Inc. (NYSE:MHK). Parametric Port Associates Ltd has 105,131 shares. Impax Asset Limited holds 276,000 shares. Public Employees Retirement System Of Ohio reported 0.16% of its portfolio in Mohawk Industries, Inc. National Bank Of Montreal Can owns 26,554 shares for 0% of their portfolio. 972.68 million shares or 1.58% less from 988.30 million shares in 2017Q2 were reported.

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