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

$77.39
+0.08 (+0.10%)
(As of 05/17/2024 ET)
Today's Range
$76.78
$77.91
50-Day Range
$71.70
$82.87
52-Week Range
$49.50
$95.33
Volume
174,260 shs
Average Volume
441,911 shs
Market Capitalization
$2.61 billion
P/E Ratio
43.97
Dividend Yield
2.57%
Price Target
$91.13

Silicon Motion Technology MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
17.7% Upside
$91.13 Price Target
Short Interest
Healthy
2.79% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.28mentions of Silicon Motion Technology in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
52.71%
From $2.77 to $4.23 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.42 out of 5 stars

Computer And Technology Sector

110th out of 597 stocks

Semiconductors & Related Devices Industry

22nd out of 90 stocks

SIMO stock logo

About Silicon Motion Technology Stock (NASDAQ:SIMO)

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 Stock Price History

SIMO Stock News Headlines

Silicon Motion Confirms Quarterly Dividend
Silicon Motion Technology Corp. ADR
See More Headlines
Receive SIMO Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Silicon Motion Technology and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
11/01/2023
Ex-Dividend for 3/1 Dividend
2/16/2024
Dividend Payable
3/01/2024
Ex-Dividend for 5/23 Dividend
5/08/2024
Today
5/17/2024
Dividend Payable
5/23/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:SIMO
Employees
1,546
Year Founded
1995

Price Target and Rating

Average Stock Price Target
$91.13
High Stock Price Target
$110.00
Low Stock Price Target
$75.00
Potential Upside/Downside
+17.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
8 Analysts

Profitability

Net Income
$52.87 million
Pretax Margin
9.76%

Debt

Sales & Book Value

Annual Sales
$639.14 million
Cash Flow
$2.28 per share
Book Value
$22.37 per share

Miscellaneous

Free Float
31,883,000
Market Cap
$2.61 billion
Optionable
Optionable
Beta
0.87

Social Links

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report

Key Executives

  • Mr. Chia-Chang Kou (Age 66)
    Founder, President, CEO, MD & Director
  • Mr. Riyadh Lai (Age 55)
    Chief Financial Officer
  • Mr. Ken Chen (Age 63)
    Vice President of Operations
  • Mr. Christopher Chaney
    Director of Investor Relations & Strategy
  • Mr. Robert C. Fan (Age 60)
    Senior Vice President of Global Sales
  • Mr. Nelson S. Duann (Age 55)
    Senior VP of Client & Automotive Storage Business and Director
  • Mr. Alex Chou
    Senior VP of Enterprise Storage & Display Interface Solution Business
  • Ms. Michelle Lin
    Vice President of Finance & Corporate Controller

SIMO Stock Analysis - Frequently Asked Questions

Should I buy or sell Silicon Motion Technology stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last year. There are currently 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SIMO shares.
View SIMO analyst ratings
or view top-rated stocks.

What is Silicon Motion Technology's stock price target for 2024?

8 brokerages have issued 1-year target prices for Silicon Motion Technology's shares. Their SIMO share price targets range from $75.00 to $110.00. On average, they expect the company's share price to reach $91.13 in the next year. This suggests a possible upside of 17.7% 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 2024?

Silicon Motion Technology's stock was trading at $61.27 at the start of the year. Since then, SIMO stock has increased by 26.3% and is now trading at $77.39.
View the best growth stocks for 2024 here
.

When is Silicon Motion Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our SIMO earnings forecast
.

How were Silicon Motion Technology's earnings last quarter?

Silicon Motion Technology Co. (NASDAQ:SIMO) issued its earnings results on Wednesday, November, 1st. The semiconductor producer reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.05. The semiconductor producer had revenue of $172.30 million for the quarter, compared to analysts' expectations of $165.70 million. Silicon Motion Technology had a trailing twelve-month return on equity of 7.78% and a net margin of 8.34%. The company's quarterly revenue was down 31.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.29 earnings per share.

How often does Silicon Motion Technology pay dividends? What is the dividend yield for Silicon Motion Technology?

Silicon Motion Technology declared a quarterly dividend on Wednesday, May 8th. Shareholders of record on Thursday, May 9th will be given a dividend of $0.50 per share on Thursday, May 23rd. This represents a $2.00 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Wednesday, May 8th.
Read our dividend analysis for SIMO
.

Is Silicon Motion Technology a good dividend stock?

Silicon Motion Technology (NASDAQ:SIMO) pays an annual dividend of $1.99 per share and currently has a dividend yield of 2.62%. The dividend payout ratio is 113.07%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SIMO will have a dividend payout ratio of 47.04% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SIMO.

What ETFs hold Silicon Motion Technology's stock?

ETFs with the largest weight of Silicon Motion Technology (NASDAQ:SIMO) stock in their portfolio include Emerge EMPWR Sustainable Emerging Markets Equity ETF (EMCH) and AltShares Event-Driven ET (EVNT).SPDR S&P Emerging Markets SmallCap ETF (EWX).

What guidance has Silicon Motion Technology issued on next quarter's earnings?

Silicon Motion Technology issued an update on its FY 2024 earnings guidance on Friday, May, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $800.0 million-$830.0 million, compared to the consensus revenue estimate of $793.3 million.

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).

Who are Silicon Motion Technology's major shareholders?

Silicon Motion Technology's stock is owned by a number of retail and institutional investors. Top institutional investors include Acadian Asset Management LLC (3.97%), Reinhart Partners LLC. (2.23%), Lord Abbett & CO. LLC (2.07%), Kodai Capital Management LP (1.63%), Westfield Capital Management Co. LP (1.11%) and Heartland Advisors Inc. (0.87%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SIMO) was last updated on 5/17/2024 by MarketBeat.com Staff

From Our Partners