Analysts See $0.80 EPS for Silicon Motion Technology Corp. (ADR) (SIMO)

Joanna Estrada
July 9, 2017

With 4.05M avg volume, 3 days are for Exelon Corporation (NYSE:EXC)'s short sellers to cover EXC's short positions. The SI to Ingredion's float is 1.73%. 448,078 shares of the company traded hands. Patriot National Inc (NYSE:PN) has declined 31.60% since July 5, 2016 and is downtrending. It has underperformed by 14.13% the S&P500. At the time of writing, Shares the company recently traded 20.39% away 52-week low and noted price movement -53.15% away from the 52-week high level. Therefore 88% are positive. Driehaus Capital Management LLC now owns 480,238 shares of the semiconductor producer's stock worth $22,451,000 after buying an additional 252,006 shares during the period.

Wall Street analysts expect that Silicon Motion Technology Corporation (NASDAQ:SIMO) will announce sales of $137.01 million for the current fiscal quarter, according to Zacks Investment Research. (ADR) (NASDAQ:SIMO) has "Buy" rating given on Thursday, January 14 by Standpoint Research. On Tuesday, August 18 the stock rating was downgraded by Bank of America to "Underperform". Silicon Motion Technology Corporation has a 12-month low of $37.37 and a 12-month high of $56.25. (ADR) (NASDAQ:SIMO) on Tuesday, June 6 with "Buy" rating.

07/07/2016 - Silicon Motion Technology Corporation had its "buy" rating reiterated by analysts at Craig-Hallum. The company was downgraded on Friday, February 26 by Suntrust Robinson. Four analysts have made estimates for Silicon Motion Technology Corp.'s earnings. The firm earned "Outperform" rating on Monday, August 17 by Pacific Crest. On Tuesday, July 28 the stock rating was maintained by Topeka Capital Markets with "Buy".

Investors sentiment decreased to 1.18 in Q4 2016. Its the same as in 2016Q3.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Finance Counselors Inc has 0.14% invested in Exelon Corporation (NYSE:EXC). In contrast, the average volume was 9.38 million shares. Pitcairn, a Pennsylvania-based fund reported 4,911 shares. Shares for $200,907 were sold by Hicks Timothy D on Friday, January 27.

Analysts and investors are usually very focused on company earnings numbers when they are released. Moreover, Airain Limited has 0.94% invested in Exelon Corporation (NYSE:EXC) for 330,268 shares. Glenmede Tru Na has 311,346 shares. Investors may also be paying close concentration to some simple moving average indicators on shares of Nabors Industries Ltd. (NBR). A significant increase in trading volume means that more than double the average amount of stocks are moving. Stratos Wealth Partners Limited stated it has 0.01% in Ingredion Inc (NYSE:INGR). Needham & Company LLC restated a "buy" rating and set a $56.00 price objective (down from $60.00) on shares of Silicon Motion Technology Corporation in a research report on Tuesday, April 11th. Bank of the Ozarks had 12 analyst reports since August 25, 2015 according to SRatingsIntel. The company was maintained on Friday, June 2 by Brean Capital. The firm earned "Buy" rating on Friday, May 26 by Credit Suisse. The consensus recommendation by Thomson Reuters analysts is Hold and their mean rating for the stock is Mean Rating on scale of 1-5. The firm has "Positive" rating by Susquehanna given on Tuesday, September 8. The firm has "Overweight" rating by Stephens given on Friday, January 29. The rating was maintained by Brean Capital with "Buy" on Wednesday, March 23.

Ingredion Incorporated is an ingredients solutions provider. It has a 15.21 P/E ratio. Combining all the recommendations on Silicon Motion Technology Corporation (NASDAQ:SIMO), the mean now stands at 1.65. (ADR) (NASDAQ:SIMO) to report earnings on July, 20. US Bancorp DE now owns 2,194 shares of the semiconductor producer's stock valued at $102,000 after buying an additional 915 shares in the last quarter. The company has a market capitalization of $1.72 billion, a PE ratio of 15.55 and a beta of 0.72.

Silicon Motion Technology Corporation (NASDAQ:SIMO) shares shed -1.59% to $47.70 on Thursday. Annual EPS Growth of past 5 years is -9.40%. Going toward to the 50-day, we can see that shares are now trading 1.52% off of that figure. (ADR) (NASDAQ:SIMO) has risen 21.46% since July 7, 2016 and is uptrending.

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