Silicon Motion Technology (NASDAQ:SIMO) will release its earnings data after the market closes on Thursday, July 29th. Analysts expect Silicon Motion Technology to post earnings of $1.22 per share for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.
Silicon Motion Technology (NASDAQ:SIMO) last posted its quarterly earnings data on Wednesday, May 5th. The semiconductor producer reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.27. The business had revenue of $182.40 million during the quarter, compared to analyst estimates of $180.00 million. Silicon Motion Technology had a net margin of 14.98% and a return on equity of 15.07%. On average, analysts expect Silicon Motion Technology to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
NASDAQ:SIMO opened at $61.81 on Thursday. The firm has a 50 day moving average price of $63.77. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 1.60 and a beta of 1.11. Silicon Motion Technology has a 1-year low of $35.13 and a 1-year high of $74.10.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 19th. Stockholders of record on Thursday, August 5th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Wednesday, August 4th. Silicon Motion Technology's dividend payout ratio is presently 60.96%.
SIMO has been the subject of several research analyst reports. Roth Capital upped their price target on shares of Silicon Motion Technology from $70.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, April 8th. Needham & Company LLC upped their price target on shares of Silicon Motion Technology from $82.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, May 6th. B. Riley upped their price target on shares of Silicon Motion Technology from $88.00 to $94.00 and gave the stock a "buy" rating in a research report on Friday, May 7th. Finally, Morgan Stanley reaffirmed an "underweight" rating on shares of Silicon Motion Technology in a research report on Tuesday, May 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of "Buy" and a consensus target price of $70.00.
Silicon Motion Technology Company Profile
Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. It offers SSDs used in PCs and other devices, as well as eMMC and UFS mobile embedded storage used in smartphones and IOT devices. The company also provides enterprise-grade SSDs used in data centers; and small form-factor specialized SSDs used in industrial, commercial, and automotive applications.
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