NEW YORK (

TheStreet

) --

Silicon Motion Technology Corporation

(Nasdaq:

SIMO

) hit a new 52-week high Monday as it traded at $8.90 compared with its previous 52-Week high of $8.62. Silicon Motion Technology is changing hands at $8.84 with 139,888 shares traded as of 10:02 a.m. ET. Average volume has been 363,900 shares over the past 30 days.

Silicon Motion Technology has a market cap of $225.6 million and is part of the

technology

sector and

electronics

industry. Shares are up 100% year to date as of the close of trading on Friday.

Silicon Motion Technology Corporation, together with its subsidiaries, operates as a fabless semiconductor company. It designs, develops, markets, and supplies a portfolio of multimedia data processing, storage, and transfer solutions primarily for consumer electronics applications. The company has a P/E ratio of 18.4, below the S&P 500 P/E ratio of 22.6.

TheStreet Ratings rates Silicon Motion Technology as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full

Silicon Motion Technology Ratings Report

.

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