From MarketBeat:



Naples Global Advisors LLC decreased its position in shares of Silicon Motion Technology Co. (NASDAQ:SIMO) by 77.9% during the 3rd quarter, selling 54,198 shares. Other hedge funds and institutional investors have also recently added to or reduced their stakes in the company. Silicon Motion Technology has a 1 year low of $49.50 and a 1 year high of $95.33. The semiconductor producer reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. The firm also recently disclosed a quarterly dividend of $0.50. SIMO has been the topic of several research reports, with a consensus rating of “Moderate Buy” and a consensus price target of $85.33. Silicon Motion Technology Corporation designs, develops, and markets NAND flash controllers. Finally, top-rated analysts have identified five stocks that they believe are better buys than Silicon Motion Technology.



Original: Silicon Motion Technology Co. (NASDAQ:SIMO) Position Reduced by Naples Global Advisors LLC