The institutional investor owned 144,631 shares of the semiconductor producer's stock after purchasing an additional 59,175 shares during the period. Shaker Financial Services Llc who had been investing in Pioneer Floating Rate Tr for a number of months, seems to be less bullish one the $284.49 million market cap company. The stock decreased 9.10% or $5.14 during the last trading session, reaching $51.35. The latest exchange of 1.14 Million shares is below its average trading activity of 701.92 Million shares. Southcross Energy Partners, L.P. (SXE) has risen 119.90% since January 10, 2017 and is uptrending. It has underperformed by 33.24% the S&P500. Silicon Motion Technology has an average rating of "Buy" and a consensus price target of $57.23. Force Capital Management Llc sold 12,132 shares as Starbucks Corp (SBUX)'s stock rose 6.99%. 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. Silicon Motion has $68.75 highest and $19 lowest target. About 22,655 shares traded.
Silicon Motion Technology (NASDAQ:SIMO) last posted its quarterly earnings results on Friday, October 27th. It has outperformed by 4.76% the S&P500.The move comes after 7 months negative chart setup for the $1.84 billion company. This represents a $0.80 dividend on an annualized basis and a yield of 1.87%. It dropped, as 65 investors sold MCK shares while 296 reduced holdings. 7 funds opened positions while 8 raised stakes. (NYSE:MHK). Parametric Port Associates Ltd has 105,131 shares. Ameriprise holds 0% or 21,858 shares in its portfolio. Teacher Retirement Systems Of Texas invested in 0% or 856 shares. 64,999 are held by Raymond James Financial Services. Riverpoint Ltd Liability Com has invested 0.03% in Citigroup Inc. 14,900 were accumulated by Ionic Mgmt Lc.
Third Point Llc, which manages about $17.97 billion and $11.90 billion US Long portfolio, decreased its stake in Banco Macro Sa (NYSE:BMA) by 25,000 shares to 875,000 shares, valued at $102.68 million in 2017Q3, according to the filing. Town Country Savings Bank Trust Dba First Bankers Trust invested in 13,106 shares or 0.36% of the stock. (NYSE:MHK). Cibc Ww Corporation reported 0.02% stake.
Nj State Employees Deferred Compensation Plan increased Kulicke & Soffa Inds Inc (NASDAQ:KLIC) stake by 20,000 shares to 72,000 valued at $1.55M in 2017Q3. It also increased its holding in Ross Stores Inc (NASDAQ:ROST) by 22,742 shares in the quarter, for a total of 53,927 shares, and has risen its stake in Vanguard Short (VCSH).
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 quarter past year, the firm posted $1.07 earnings per share. SIMO's profit would be $17.16 million giving it 26.41 P/E if the $0.48 EPS is correct. During the same quarter last year, the company earned $1.07 EPS. sell-side analysts forecast that Silicon Motion Technology Corp. will post 2.31 earnings per share for the current fiscal year. Needham & Company LLC reissued a "buy" rating and set a $54.00 price target on shares of Silicon Motion Technology in a research report on Friday, September 22nd. Therefore 50% are positive. On Tuesday, August 18 the stock rating was downgraded by Bank of America to "Underperform".
The company also recently announced a None dividend, which will be paid on Tuesday, February 27th. Standpoint Research downgraded the shares of MCK in report on Tuesday, April 26 to "Hold" rating. The stock has "Buy" rating by KeyBanc Capital Markets on Thursday, December 14. The company was maintained on Friday, July 7 by Northland Capital. Silicon Motion Technology now has a consensus rating of "Buy" and an average price target of $57.65. The rating was maintained by Roth Capital on Monday, July 10 with "Buy". Brean Capital reiterated a "buy" rating on shares of Silicon Motion Technology Corp.in a research report on Thursday, December 1st. RBC Capital Markets maintained the shares of MHK in report on Monday, August 10 with "Outperform" rating.