Silicon Motion Technology Corp ADR (NASDAQ: SIMO) is 3.75% higher on its value in year-to-date trading and has touched a low of $49.50 and a high of $85.87 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SIMO stock was last observed hovering at around $62.94 in the last trading session, with the day’s gains setting it 0.63%.
Currently trading at $63.57, the stock is 1.75% and -10.88% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.18 million and changing 1.00% at the moment leaves the stock -9.46% off its SMA200. SIMO registered 18.53% gain for a year compared to 6-month loss of -11.95%.
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The stock witnessed a -1.99% gain in the last 1 month and extending the period to 3 months gives it a -18.59%, and is -0.78% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.90% over the week and 3.51% over the month.
Silicon Motion Technology Corp ADR (SIMO) has around 1546 employees, a market worth around $2.12B and $774.64M in sales. Current P/E ratio is 27.23 and Fwd P/E is 14.11. Profit margin for the company is 10.14%. Distance from 52-week low is 28.42% and -25.97% from its 52-week high. The company has generated returns on investments over the last 12 months (10.01%).
The EPS is expected to grow by 50.50% this year.
Silicon Motion Technology Corp ADR (SIMO) Top Institutional Holders
The shares outstanding are 33.42M, and float is at 33.40M with Short Float at 2.78%.
The top institutional shareholder in the company is FMR LLC with over 1.75 million shares valued at $142.03 million. The investor’s holdings represent 5.2337% of the SIMO Shares outstanding. As of 2024-06-30, the second largest holder is ACADIAN ASSET MANAGEMENT LLC with 1.33 million shares valued at $$107.95 million to account for 3.9587 of the shares outstanding. The other top investors are LORD, ABBETT & CO. LLC which holds 0.91 million shares representing 2.6936% and valued at over $73.48 million, while PERTENTO PARTNERS LLP holds 2.4917 of the shares totaling 0.84 million with a market value of $67.98 million.
Silicon Motion Technology Corp ADR (SIMO) Insider Activity
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