Silicon Motion Technology (SIMO) to Release Earnings on Tuesday

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) is expected to issue its Q1 2025 quarterly earnings data after the market closes on Tuesday, April 29th. Analysts expect the company to announce earnings of $0.44 per share and revenue of $162.69 million for the quarter. Silicon Motion Technology has set its Q1 2025 guidance at EPS.

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The semiconductor producer reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.10). Silicon Motion Technology had a net margin of 11.29% and a return on equity of 11.63%. On average, analysts expect Silicon Motion Technology to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Silicon Motion Technology Stock Up 2.4 %

NASDAQ:SIMO traded up $1.05 during trading hours on Friday, hitting $45.11. 343,736 shares of the company traded hands, compared to its average volume of 365,304. The firm's 50-day simple moving average is $49.25 and its 200-day simple moving average is $52.84. Silicon Motion Technology has a one year low of $37.21 and a one year high of $85.87. The company has a market cap of $1.52 billion, a PE ratio of 16.77, a PEG ratio of 1.36 and a beta of 0.81.

Silicon Motion Technology announced that its board has approved a share buyback program on Wednesday, February 5th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the semiconductor producer to purchase up to 2.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Bank of America upgraded Silicon Motion Technology from an "underperform" rating to a "neutral" rating and set a $47.00 target price on the stock in a research note on Wednesday. Needham & Company LLC reiterated a "buy" rating and set a $70.00 target price on shares of Silicon Motion Technology in a research note on Friday, February 7th. Finally, StockNews.com cut Silicon Motion Technology from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $79.00.

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. The company offers controllers for computing-grade solid state drives (SSDs), which are used in PCs and other client devices; enterprise-grade SSDs used in data centers; eMMC and UFS mobile embedded storage for use in smartphones and IoT devices; flash memory cards and flash drives for use in expandable storage; and specialized SSDs that are used in industrial, commercial, and automotive applications.