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Silicon Motion Technology (SIMO) Rating Reiterated by B. Riley

13 January 2018

The Utah Retirement Systems holds 500,524 shares with $36.41 million value, down from 505,224 last quarter. The stock increased 4.55% or $0.05 during the last trading session, reaching $1.15. About 1.69M shares traded. Mohawk Industries, Inc. (NYSE:MHK) has risen 20.32% since January 12, 2017 and is uptrending. It has outperformed by 103.20% the S&P500. For Silicon Motion Technology, its latest earnings (trailing twelve month) is $91.3M, which, against last year's figure, has declined by -7.00%. The return on equity ratio or ROE stands at 19 percent while most common profitability ratio return on investment (ROI) was 23.4 percent. Ameriprise Financial Inc. owned about 0.41% of Silicon Motion Technology worth $6,947,000 as of its most recent SEC filing. 274,200 shares of the stock traded hands, compared to its average volume of 313,700.

Silicon Motion Technology Corporation (NASDAQ:SIMO) is on recovery track with 37.14% gain from a 1-year low price of $37.37. It has underperformed by 4.22% the S&P500.

Among 18 analysts covering Mohawk (NYSE:MHK), 15 have Buy rating, 0 Sell and 3 Hold. Raymond James & Assocs holds 0% of its portfolio in Pioneer Floating Rate Trust (NYSE:PHD) for 13,309 shares. Citigroup Inc. had 108 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by JP Morgan on Thursday, April 7 with "Overweight". The firm has "Buy" rating by RBC Capital Markets given on Friday, September 15. The company was reinitiated on Wednesday, January 11 by UBS. As per Friday, October 28, the company rating was downgraded by Deutsche Bank. (NYSE:C) was sold by Aristeguieta Francisco. Looking at growth from a sector-level, the United States 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. During the same quarter in the prior year, the business posted $1.07 earnings per share. The hedge fund run by Peter S. Park held 680,000 shares of the semiconductors company at the end of 2017Q3, valued at $32.66 million, down from 1.11 million at the end of the previous reported quarter.

Investors sentiment decreased to 1 in Q3 2017. Its up 0.25, from 1.1 in 2017Q2. It improved, as 27 investors sold MHK shares while 171 reduced holdings. Carroll Fincl Inc invested 0.01% of its portfolio in McKesson Corporation (NYSE:MCK). Royal Commercial Bank Of Canada holds 0% of its portfolio in Skyline Corporation (NYSEAMERICAN:SKY) for 124,411 shares. Academy Inc Tx has 547,088 shares for 11.2% of their portfolio. (NYSE:URI) by 2,240 shares to 152,740 shares, valued at $21.19M in 2017Q3, according to the filing. Cambridge Advsrs reported 8,891 shares. Eii Capital Mngmt has 1.01% invested in McKesson Corporation (NYSE:MCK). For the next year, analysts expect that the business will report earnings of $3.18 per share, with EPS estimates ranging from $2.95 to $3.50. D Scott Neal has 0% invested in McKesson Corporation (NYSE:MCK) for 26 shares. Highbridge Cap Mgmt Lc invested in 0.03% or 6,953 shares. Tower Cap Ltd Liability Company (Trc) holds 0% or 552 shares in its portfolio. (NYSE:MHK). Moreover, Public Sector Pension Inv Board has 0.01% invested in Mohawk Industries, Inc. (NYSE:C). Adell Harriman And Carpenter Incorporated accumulated 17,148 shares. Therefore 72% are positive. Nomura lowered shares of Silicon Motion Technology from a "neutral" rating to a "reduce" rating and set a $45.00 target price on the stock.in a research note on Wednesday. Northland Capital maintained Silicon Motion Technology Corporation (NASDAQ:SIMO) rating on Friday, October 27. Credit Suisse has "Sell" rating and $130.0 target. Two analysts have rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the company's stock. (NASDAQ:SIMO) have received an average rating of "Buy" from the seventeen ratings firms that are covering the firm, Marketbeat.com reports. The rating was upgraded by Summit Redstone Partners to "Buy" on Thursday, December 7. UBS maintained the shares of SBUX in report on Friday, October 30 with "Buy" rating. Finally, Loop Capital boosted their price objective on shares of Silicon Motion Technology from $51.00 to $59.00 and gave the company a "buy" rating in a research note on Monday, October 9th. Roth Capital has "Buy" rating and $60.0 target.

Analysts expect Silicon Motion Technology Corporation (NASDAQ:SIMO) to report $0.48 EPS on January, 22.They anticipate $0.31 EPS change or 39.24 % from last quarter's $0.79 EPS. SIMO's profit will be $17.16M for 29.42 P/E if the $0.48 EPS becomes a reality.

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Silicon Motion Technology (SIMO) Rating Reiterated by B. Riley