Coatue Management Boosts Stake In Silicon Motion (SIMO) to 7.4%
In a 13G filing on Silicon Motion Technology Corp. (Nasdaq: SIMO), hedge fund Coatue Management disclosed a 7.4%, or 2,067,014 share, stake. This is up from the 796,514 shares held at the quarter ended June 30, 2009. A 13G indicates a 'passive investment' over 5%, but less than 20%.
Silicon Motion Technology Corporation, a fabless semiconductor company, together with its subsidiaries, designs, develops, markets, and supplies semiconductor solutions for the multimedia consumer electronics market.
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