<div id="readability-page-1"><p>Kennedy Capital Management LLC trimmed its position in  Silicon Motion Technology Corporation (NASDAQ:SIMO - Free Report) by 56.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor  owned 13,520 shares of the semiconductor producer's stock after selling 17,359 shares during the quarter. Kennedy Capital Management LLC's holdings in Silicon Motion Technology were worth $1,016,000 at the end of the most recent quarter.</p><ul><li>Analysts Are All In on This Tech Stock—Why You Should Be, Too</li></ul><p>Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in  Silicon Motion Technology by 61.3% during the first quarter. Invesco Ltd. now owns 1,675,648 shares of the semiconductor producer's stock valued at $84,721,000 after purchasing an additional 636,869 shares in the last quarter.  Boston Partners lifted its stake in shares of  Silicon Motion Technology by 77.3% during the 1st quarter. Boston Partners now owns 552,139 shares of the semiconductor producer's stock valued at $27,900,000 after buying an additional 240,737 shares in the last quarter.  First Eagle Investment Management LLC purchased a new position in shares of  Silicon Motion Technology during the 2nd quarter valued at $10,990,000.  Clearline Capital LP boosted its holdings in  Silicon Motion Technology by 67.5% in the 1st quarter. Clearline Capital LP now owns 289,846 shares of the semiconductor producer's stock worth $14,655,000 after buying an additional 116,850 shares during the period.  Finally, Reinhart Partners LLC. increased its stake in  Silicon Motion Technology by 7.9% in the 2nd quarter. Reinhart Partners LLC. now owns 1,471,583 shares of the semiconductor producer's stock worth $110,620,000 after buying an additional 107,292 shares in the last quarter. Institutional investors own  78.02% of the company's stock. </p><h2>Wall Street Analyst Weigh In</h2><p>Several brokerages have recently commented on SIMO. B. Riley boosted their price objective on Silicon Motion Technology from $105.00 to $120.00 and gave the company a &#34;buy&#34; rating in a research report on Wednesday, September 24th. Needham &amp; Company LLC  reissued a &#34;buy&#34; rating and set a $110.00 target price on shares of Silicon Motion Technology in a research note on Monday, November 3rd. JPMorgan Chase &amp; Co. boosted their price target on Silicon Motion Technology from $85.00 to $110.00 and gave the stock an &#34;overweight&#34; rating in a report on Monday, November 3rd. Weiss Ratings  reaffirmed a &#34;buy (b-)&#34; rating on shares of Silicon Motion Technology in a report on Monday, December 1st. Finally, Wedbush  set a $120.00 target price on shares of Silicon Motion Technology in a report on Monday, November 3rd. Ten equities research analysts have rated the stock with a Buy rating and one  has assigned  a Hold rating to the company's stock. According to MarketBeat, Silicon Motion Technology  has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $111.25.</p><ul><li>Silicon Motion Proves That AI in Motion Stays in Motion</li></ul><p><b>Check Out Our Latest Stock Report on Silicon Motion Technology</b></p><h2>Silicon Motion Technology Price Performance</h2><p>NASDAQ SIMO opened at $92.21 on Monday. Silicon Motion Technology Corporation has a 1-year low of $37.21 and a 1-year high of $106.60. The business has a 50 day simple moving average of $92.43 and a two-hundred day simple moving average of $81.46. The stock has a market capitalization of $3.13 billion, a PE ratio of 31.69, a P/E/G ratio of 1.35 and a beta of 1.10. </p><h2>Silicon Motion Technology Dividend Announcement</h2><ul><li>Silicon Motion: The Market's Best Merger Arbitrage Opportunity</li></ul><p>The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $2.00 dividend on an annualized basis and a yield of 2.2%. Silicon Motion Technology's dividend payout ratio  is presently 68.38%. </p><h2>Silicon Motion Technology Company Profile</h2> (Free Report)<p>Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. The company 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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Silicon Motion Technology</li><li>How Can Investors Benefit From After-Hours Trading</li><li>Rubrik’s Massive Rebound: Why the Next Leg Higher Could Be Fast</li><li>What is Short Interest? How to Use It</li><li>Five Below and Dollar Tree Earnings Signal a Shopper Shift</li><li>Utilities Stocks Explained – How and Why to Invest in Utilities</li><li>Ulta’s Stock May Be Set for a Glow-Up—20% Upside Ahead?</li></ul><p><strong>Want to see what other hedge funds are holding SIMO?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Silicon Motion Technology Corporation (NASDAQ:SIMO - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U0lNTw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U0lNTw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Silicon Motion Technology Right Now?</h2><p>Before you consider Silicon Motion Technology, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Silicon Motion Technology wasn't on the list.</p><p>While Silicon Motion Technology currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SIMO

<p>Kennedy Capital Management LLC reduced its stake in Silicon Motion Technology Corporation by 56.2% in Q2. Analysts have given the stock a consensus 'Moderate Buy' rating with a target price of $111.25. The stock opened at $92.21, with a 1-year range of $37.21 to $106.60. The company announced a quarterly dividend of $0.50 per share, yielding 2.2% annually.</p>

Kennedy Capital Management LLC Lowers Stock Position in Silicon Motion Technology Corporation $SIMO