NASDAQ:SIMO

Silicon Motion Technology (SIMO) Stock Forecast, Price & News

$50.52

-1.53 (-2.94%)

(As of 09/26/2023 ET)

Compare

Today's Range: $50.44
▼
$51.67
50-Day Range: $50.52
▼
$65.35
52-Week Range: $50.44
▼
$95.33

Volume: 273,164 shs
Average Volume: 346,368 shs
Market Capitalization: $1.69 billion

P/E Ratio: 19.21
Dividend Yield: N/A
Price Target: $86.43

Silicon Motion Technology MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.83 Rating Score
Upside/Downside: 71.1% Upside
$86.43 Price Target
Short Interest: Healthy
2.63% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.60
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 104.58%
From $1.53 to $3.13 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.92 out of 5 stars

Computer And Technology Sector

85th out of 587 stocks

Semiconductors & Related Devices Industry

21st out of 86 stocks

3.4

Analyst's Opinion

Consensus Rating
Silicon Motion Technology has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $86.43, Silicon Motion Technology has a forecasted upside of 71.1% from its current price of $50.52.
Amount of Analyst Coverage
Silicon Motion Technology has only been the subject of 3 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.63% of the float of Silicon Motion Technology has been sold short.
Short Interest Ratio / Days to Cover
Silicon Motion Technology has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Silicon Motion Technology has recently decreased by 50.67%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Silicon Motion Technology does not currently pay a dividend.
Dividend Growth
Silicon Motion Technology does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SIMO.

3.1

News and Social Media Coverage

News Sentiment
Silicon Motion Technology has a news sentiment score of 0.60. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Silicon Motion Technology this week, compared to 3 articles on an average week.
Search Interest
3 people have searched for SIMO on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
MarketBeat Follows
6 people have added Silicon Motion Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Silicon Motion Technology insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 5.34% of the stock of Silicon Motion Technology is held by insiders.
Percentage Held by Institutions
62.63% of the stock of Silicon Motion Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Silicon Motion Technology are expected to grow by 104.58% in the coming year, from $1.53 to $3.13 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Silicon Motion Technology is 19.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.65.
Price to Earnings Ratio vs. Sector
The P/E ratio of Silicon Motion Technology is 19.21, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 264.26.
Price to Earnings Growth Ratio
Silicon Motion Technology has a PEG Ratio of 6.83. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Silicon Motion Technology has a P/B Ratio of 2.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Silicon Motion Technology (NASDAQ:SIMO) Stock

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. It markets its controllers under the SMI brand; enterprise-grade SSDs under the Shannon Systems brand; and single-chip industrial-grade SSDs under the FerriSSD, Ferri-eMMC, and Ferri-UFS brands. The company markets and sells its products through direct sales personnel and independent electronics distributors to NAND flash makers, module makers, hyperscalers, and OEMs. It operates in Taiwan, the United States, Korea, China, Malaysia, Singapore, and internationally. The company was founded in 1995 and is based in Hong Kong, Hong Kong.

SIMO Price History

30 days | 90 days | 365 days | Advanced Chart

SIMO Stock News Headlines

September 24, 2023 | markets.businessinsider.com

Silicon Motion Shareholder Alert

September 22, 2023 | markets.businessinsider.com

Silicon Motion Deadline Reminder

September 27, 2023 | Wall Street Fundamentals (Ad)

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September 21, 2023 | stockhouse.com

Silicon Motion Provides Certain Details Regarding MaxLinear's Surprise Termination of the Merger Agreement

September 21, 2023 | finanznachrichten.de

Silicon Motion Technology Corporation.: Silicon Motion Provides Certain Details Regarding MaxLinear's Surprise Termination of the Merger Agreement

September 21, 2023 | finance.yahoo.com

Silicon Motion Provides Certain Details Regarding MaxLinear’s Surprise Termination of the Merger Agreement

September 20, 2023 | benzinga.com

SIMO Investors Have Opportunity to Lead Silicon Motion Technology Corporation Securities Fraud Lawsuit

September 17, 2023 | americanbankingnews.com

Silicon Motion Technology Co. (NASDAQ:SIMO) Receives Average Rating of "Moderate Buy" from Analysts

September 27, 2023 | Edge On The Street (Ad)

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September 16, 2023 | finance.yahoo.com

12 Best Affordable Tech Stocks To Buy Now

September 14, 2023 | technews.tmcnet.com

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Silicon Motion Technology Corporation (SIMO)

September 13, 2023 | theglobeandmail.com

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Silicon Motion Technology Corporation - SIMO

September 12, 2023 | benzinga.com

The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Silicon Motion Technology Corporation (SIMO) Investors

September 9, 2023 | markets.businessinsider.com

Silicon Motion Shareholder Action Reminder

September 7, 2023 | markets.businessinsider.com

Silicon Motion Deadline Alert

September 7, 2023 | nasdaq.com

Roth MKM Reiterates Silicon Motion Technology Corp - ADR (SIMO) Neutral Recommendation

September 7, 2023 | stockhouse.com

Silicon Motion Shareholder Notice

September 6, 2023 | technews.tmcnet.com

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Silicon Motion Technology Corporation (SIMO) on Behalf of Investors

September 5, 2023 | technews.tmcnet.com

Shareholder Alert: Robbins LLP Informs Shareholders of Class Action Filed Against MaxLinear, Inc. (MXL)

September 5, 2023 | benzinga.com

The Law Offices of Frank R. Cruz Announces Investigation of Silicon Motion Technology Corporation (SIMO) on Behalf of Investors

September 1, 2023 | benzinga.com

Entwistle & Cappucci LLP and Robbins Geller Rudman & Dowd LLP File a Securities Class Action Complaint Against MaxLinear, Inc.

August 30, 2023 | finance.yahoo.com

Is the Options Market Predicting a Spike in Silicon Motion (SIMO) Stock?

August 16, 2023 | finance.yahoo.com

Silicon Motion Terminates Merger Agreement with MaxLinear and Intends to Pursue Substantial Damages in Excess of the Agreement’s Termination Fee Due to MaxLinear’s Willful and Material Breaches of the Merger Agreement

August 16, 2023 | finance.yahoo.com

Silicon Motion to seek damages after MaxLinear scraps deal

July 31, 2023 | finance.yahoo.com

Silicon Motion's (SIMO) Q2 Earnings Miss on Lower Revenues

July 28, 2023 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Silicon Motion (SIMO) and TD SYNNEX Corporation (SNX)

July 28, 2023 | finance.yahoo.com

Silicon Motion Announces Results for the Period Ended June 30, 2023

See More Headlines

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SIMO Company Calendar

Last Earnings: 7/27/2023
Today: 9/27/2023
Next Earnings (Estimated): 11/07/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Semiconductors & related devices
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:SIMO
CUSIP: N/A
CIK: 1329394
Web: www.siliconmotion.com
Phone: (522) 307-4768
Fax: 852-2307-4368
Employees: 1,643
Year Founded: 1995

Price Target and Rating

Average Stock Price Forecast: $86.43
High Stock Price Forecast: $108.00
Low Stock Price Forecast: $59.00
Forecasted Upside/Downside: +71.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.83
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.63
Trailing P/E Ratio: 19.21
Forward P/E Ratio: 33.02
P/E Growth: 6.78
Net Income: $172.51 million
Net Margins: 12.24%
Pretax Margin: 14.62%
Return on Equity: 11.94%
Return on Assets: 9.23%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 5.97
Quick Ratio: 3.93

Sales & Book Value

Annual Sales: $716 million
Price / Sales: 2.36
Cash Flow: $5.66 per share
Price / Cash Flow: 8.93
Book Value: $22.17 per share
Price / Book: 2.28

Miscellaneous

Outstanding Shares: 33,407,000
Free Float: 31,623,000
Market Cap: $1.69 billion
Optionable: Optionable
Beta: 0.93

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Key Executives

Mr. Chia-Chang Kou (Age 65)
Founder, Pres, CEO, MD & Director

Mr. Riyadh Lai (Age 54)
Chief Financial Officer

Mr. Ken Chen (Age 62)
VP of Operations

Mr. Christopher A. Chaney
Director of Investor Relations & Strategy

Mr. Nelson S. Duann (Age 54)
Sr. VP of Marketing & R&D and Director

Mr. Robert C. Fan (Age 59)
Pres of SMI USA

Ms. Michelle Lin
VP of Fin. & Corp. Controller

Mr. Arthur Yeh (Age 62)
VP of Sales - Asia & Greater China

Mr. Kevin Yeh (Age 59)
VP of R&D - Algorithm and Technology

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

SIMO Stock - Frequently Asked Questions

Should I buy or sell Silicon Motion Technology stock right now?: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SIMO shares.
View SIMO analyst ratings or view top-rated stocks.
What is Silicon Motion Technology's stock price forecast for 2023?: 6 Wall Street research analysts have issued twelve-month price objectives for Silicon Motion Technology's stock. Their SIMO share price forecasts range from $59.00 to $108.00. On average, they anticipate the company's share price to reach $86.43 in the next twelve months. This suggests a possible upside of 71.1% from the stock's current price.
View analysts price targets for SIMO or view top-rated stocks among Wall Street analysts.
How have SIMO shares performed in 2023?: Silicon Motion Technology's stock was trading at $64.99 at the beginning of 2023. Since then, SIMO shares have decreased by 22.3% and is now trading at $50.52.
View the best growth stocks for 2023 here.
When is Silicon Motion Technology's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our SIMO earnings forecast.
How were Silicon Motion Technology's earnings last quarter?: Silicon Motion Technology Co. (NASDAQ:SIMO) released its quarterly earnings results on Thursday, July, 27th. The semiconductor producer reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by $0.05. The semiconductor producer had revenue of $140.36 million for the quarter, compared to analysts' expectations of $134.93 million. Silicon Motion Technology had a trailing twelve-month return on equity of 11.94% and a net margin of 12.24%.
What ETF holds Silicon Motion Technology's stock ?: Emerge EMPWR Sustainable Emerging Markets Equity ETF holds 184 shares of SIMO stock, representing 2.77% of its portfolio.
Is Silicon Motion Technology a good dividend stock?: Silicon Motion Technology (NASDAQ:SIMO) pays an annual dividend of $0.49 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 18.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SIMO will have a dividend payout ratio of 15.65% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SIMO.
What is Wallace C. Kou's approval rating as Silicon Motion Technology's CEO?: 8 employees have rated Silicon Motion Technology Chief Executive Officer Wallace C. Kou on Glassdoor.com. Wallace C. Kou has an approval rating of 76% among the company's employees.

What other stocks do shareholders of Silicon Motion Technology own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Silicon Motion Technology investors own include NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Alibaba Group (BABA), Gilead Sciences (GILD), Netflix (NFLX), AbbVie (ABBV), QUALCOMM (QCOM), Visa (V) and Marvell Technology (MRVL).
What is Silicon Motion Technology's stock symbol?: Silicon Motion Technology trades on the NASDAQ under the ticker symbol "SIMO."
Who are Silicon Motion Technology's major shareholders?: Silicon Motion Technology's stock is owned by many different institutional and retail investors. Top institutional shareholders include Beryl Capital Management LLC (0.00%), HAP Trading LLC (0.00%), Healthcare of Ontario Pension Plan Trust Fund (2.28%), Bluefin Capital Management LLC (0.00%), Bluefin Capital Management LLC (0.00%) and Maven Securities LTD (0.00%).
How do I buy shares of Silicon Motion Technology?: Shares of SIMO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Silicon Motion Technology's stock price today?: One share of SIMO stock can currently be purchased for approximately $50.52.
How much money does Silicon Motion Technology make?: Silicon Motion Technology (NASDAQ:SIMO) has a market capitalization of $1.69 billion and generates $716 million in revenue each year. The semiconductor producer earns $172.51 million in net income (profit) each year or $2.63 on an earnings per share basis.
How many employees does Silicon Motion Technology have?: The company employs 1,643 workers across the globe.
How can I contact Silicon Motion Technology?: Silicon Motion Technology's mailing address is 8F-1 NO. 36 TAIYUAN STREET JHUBEI CITY, HSINCHU COUNTY F5, 302. The official website for the company is www.siliconmotion.com. The semiconductor producer can be reached via phone at (522) 307-4768, via email at ir@siliconmotion.com, or via fax at 852-2307-4368.

This page (NASDAQ:SIMO) was last updated on 9/27/2023 by MarketBeat.com Staff

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