Silicon Motion Technology (SIMO) to Release Quarterly Earnings on Wednesday

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) is expected to post its Q2 2025 quarterly earnings results after the market closes on Wednesday, July 30th. Analysts expect the company to announce earnings of $0.54 per share and revenue of $180.40 million for the quarter. Silicon Motion Technology has set its Q2 2025 guidance at EPS.

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) last posted its earnings results on Tuesday, April 29th. The semiconductor producer reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.16. Silicon Motion Technology had a return on equity of 12.00% and a net margin of 12.06%. The company had revenue of $166.49 million for the quarter, compared to the consensus estimate of $162.69 million. During the same period in the previous year, the business earned $0.64 earnings per share. The firm's revenue for the quarter was down 12.1% on a year-over-year basis. 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 Performance

SIMO stock traded down $1.04 during midday trading on Friday, reaching $72.80. 216,405 shares of the company traded hands, compared to its average volume of 287,374. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 26.09, a P/E/G ratio of 11.94 and a beta of 0.85. The business has a 50 day moving average of $69.67 and a 200-day moving average of $57.64. Silicon Motion Technology has a 52-week low of $37.21 and a 52-week high of $76.77.

Silicon Motion Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be paid a $0.50 dividend. The ex-dividend date is Thursday, August 7th. This represents a $2.00 annualized dividend and a yield of 2.75%. Silicon Motion Technology's dividend payout ratio (DPR) is currently 71.33%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Silicon Motion Technology stock. Royal Bank of Canada increased its holdings in shares of Silicon Motion Technology Corporation (NASDAQ:SIMO - Free Report) by 87.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 69,660 shares of the semiconductor producer's stock after acquiring an additional 32,527 shares during the quarter. Royal Bank of Canada owned about 0.20% of Silicon Motion Technology worth $3,522,000 as of its most recent filing with the SEC. 78.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SIMO. Citigroup upgraded Silicon Motion Technology to a "buy" rating in a report on Wednesday, June 18th. Wedbush restated an "outperform" rating and set a $90.00 target price on shares of Silicon Motion Technology in a research report on Wednesday, April 30th. B. Riley reissued a "buy" rating and issued a $90.00 target price (up from $75.00) on shares of Silicon Motion Technology in a research note on Thursday, June 5th. Roth Capital boosted their target price on Silicon Motion Technology from $70.00 to $90.00 and gave the company a "buy" rating in a research report on Tuesday, June 17th. Finally, Needham & Company LLC decreased their price objective on shares of Silicon Motion Technology from $70.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Silicon Motion Technology has a consensus rating of "Moderate Buy" and a consensus price target of $83.33.

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.