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

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street research 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?

5 Wall Street research analysts have issued 1-year price objectives for Silicon Motion Technology's stock. Their SIMO share price targets range from $59.00 to $106.00. On average, they predict the company's share price to reach $85.33 in the next year. This suggests a possible upside of 45.7% 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 2023?

Silicon Motion Technology's stock was trading at $64.99 at the beginning of the year. Since then, SIMO stock has decreased by 9.9% and is now trading at $58.57. 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, February 6th 2024. View our SIMO earnings forecast .

How were Silicon Motion Technology's earnings last quarter?

Silicon Motion Technology Co. (NASDAQ:SIMO) posted its quarterly earnings data 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 the consensus estimate of $165.70 million. Silicon Motion Technology had a net margin of 8.68% and a trailing twelve-month return on equity of 7.34%. The firm's quarterly revenue was down 31.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 EPS.

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

Silicon Motion Technology announced a quarterly dividend on Monday, October 30th. Shareholders of record on Thursday, November 16th will be paid a dividend of $0.50 per share on Thursday, November 30th. This represents a $2.00 annualized dividend and a yield of 3.41%. The ex-dividend date is Wednesday, November 15th. 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 3.36%. The dividend payout ratio is 119.88%. 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 73.98% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SIMO .

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.

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

Silicon Motion Technology issued an update on its third quarter 2023 earnings guidance on Friday, October, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $168.43M-, compared to the consensus revenue estimate of $161.65 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 many different retail and institutional investors. Top institutional investors include Alpine Associates Management Inc. (2.85%), Hawk Ridge Capital Management LP (2.83%), Segantii Capital Management Ltd (2.50%), Cooper Creek Partners Management LLC (2.28%), Morgan Stanley (1.94%) and Invesco Ltd. (1.87%).

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

Top-Rated Dividend StocksTop-Rated Dividend Positive News SentimentPositive News

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

$58.80

-0.27 (-0.46%)

(As of 04:00 PM ET)

Compare

Today's Range: $58.49
▼
$59.66
50-Day Range: $50.25
▼
$59.63
52-Week Range: $49.50
▼
$95.33

Volume: 206,334 shs
Average Volume: 616,193 shs
Market Capitalization: $1.96 billion

P/E Ratio: 35.42
Dividend Yield: 3.38%
Price Target: $85.33

Silicon Motion Technology MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 45.7% Upside
$85.33 Price Target
Short Interest: Healthy
2.72% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 85.52%
From $1.45 to $2.69 Per Share

Overall MarketRank^™

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

2.87 out of 5 stars

Computer And Technology Sector

31st out of 601 stocks

Semiconductors & Related Devices Industry

7th out of 90 stocks

3.5

Analyst's Opinion

Consensus Rating
Silicon Motion Technology has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $85.33, Silicon Motion Technology has a forecasted upside of 45.7% from its current price of $58.57.
Amount of Analyst Coverage
Silicon Motion Technology has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.72% 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 2.3, 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 increased by 4.65%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Yield
Silicon Motion Technology pays a meaningful dividend of 3.36%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Silicon Motion Technology does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Silicon Motion Technology is 119.88%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Silicon Motion Technology will have a dividend payout ratio of 73.98% next year. This indicates that Silicon Motion Technology will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

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

2.7

News and Social Media Coverage

News Sentiment
Silicon Motion Technology has a news sentiment score of 1.87. 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 is a higher news sentiment than the 0.56 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Silicon Motion Technology this week, compared to 3 articles on an average week.
MarketBeat Follows
Only 1 people have added Silicon Motion Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 85.52% in the coming year, from $1.45 to $2.69 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Silicon Motion Technology is 35.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.08.
Price to Earnings Ratio vs. Sector
The P/E ratio of Silicon Motion Technology is 35.28, 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 232.94.
Price to Earnings Growth Ratio
Silicon Motion Technology has a PEG Ratio of 5.82. 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 2.53. 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 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

30 days | 90 days | 365 days | Advanced Chart

SIMO Stock News Headlines

November 16, 2023 | morningstar.com

Silicon Motion Technology Corp ADR

November 16, 2023 | finance.yahoo.com

SIMO Mar 2024 50.000 call

November 30, 2023 | Tomorrow Investor (Ad)

Why Microsoft Just Placed A Huge Bet On Nuclear

Even with aggressive expansion and acquisition of solar and wind farms, renewable energy isn’t anywhere close to providing the energy that Microsoft demands.

November 8, 2023 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: GlobalFoundries Inc (GFS), Silicon Motion (SIMO) and Shoals Technologies Group (SHLS)

November 7, 2023 | finance.yahoo.com

Silicon Motion Showcases Advanced Automotive NAND Flash Storage Solutions at NXP Tech Days Detroit

November 3, 2023 | finance.yahoo.com

Silicon Motion Technology Corporation (NASDAQ:SIMO) Q3 2023 Earnings Call Transcript

November 2, 2023 | msn.com

Silicon Motion stock rises after Roth upgrades following Q3 beat

November 1, 2023 | finance.yahoo.com

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

November 30, 2023 | Tomorrow Investor (Ad)

The Only Practical Solution to the World’s Looming Energy Crisis

There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!

October 31, 2023 | benzinga.com

A Preview Of Silicon Motion Technology's Earnings

October 31, 2023 | markets.businessinsider.com

Silicon Motion Final Deadline Alert

October 27, 2023 | finance.yahoo.com

Does Silicon Motion (SIMO) Have the Potential to Rally 44.07% as Wall Street Analysts Expect?

October 23, 2023 | businesswire.com

SIMO INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Silicon Motion Technology Corporation Investors with Substantial Losses Have Opportunity to Lead Class ...

October 18, 2023 | stockhouse.com

Silicon Motion Ongoing Deadline Alert

October 11, 2023 | finance.yahoo.com

Wall Street Analysts Predict a 32.13% Upside in Silicon Motion (SIMO): Here's What You Should Know

October 7, 2023 | markets.businessinsider.com

Silicon Motion Investor Deadline Approaching

October 6, 2023 | finance.yahoo.com

Unveiling Silicon Motion Technology (SIMO)'s Value: Is It Really Priced Right? A Comprehensive Guide

October 6, 2023 | au.investing.com

Silicon Motion Technology gains as Q3 sequential revenue growth seen above guidance range

October 6, 2023 | finance.yahoo.com

Silicon Motion Announces Preliminary Third Quarter 2023 Revenue and Earnings Conference Call Details

October 5, 2023 | finanznachrichten.de

Silicon Motion Technology Corporation.: Silicon Motion Files Notice of Arbitration Claim Against MaxLinear

October 5, 2023 | finance.yahoo.com

Silicon Motion Files Notice of Arbitration Claim Against MaxLinear

October 5, 2023 | finance.yahoo.com

Silicon Motion Sponsors the 2023 VEX Signature Event in Asia

October 4, 2023 | seekingalpha.com

Silicon Motion Technology: A Few Reasons To Turn More Constructive

September 24, 2023 | markets.businessinsider.com

Silicon Motion Shareholder Alert

September 22, 2023 | markets.businessinsider.com

Silicon Motion Deadline Reminder

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

See More Headlines

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Company Calendar

Last Earnings: 11/01/2023
Ex-Dividend for 11/30 Dividend: 11/15/2023
Today: 11/30/2023
Dividend Payable: 11/30/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/06/2024

Get Stock Alerts

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 Target: $85.33
High Stock Price Target: $106.00
Low Stock Price Target: $59.00
Potential Upside/Downside: +44.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.66
Trailing P/E Ratio: 35.58
Forward P/E Ratio: 40.74
P/E Growth: 5.82
Net Income: $172.51 million
Net Margins: 8.68%
Pretax Margin: 10.52%
Return on Equity: 7.34%
Return on Assets: 5.82%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 5.77
Quick Ratio: 4.25

Sales & Book Value

Annual Sales: $945.92 million
Price / Sales: 2.09
Cash Flow: $5.78 per share
Price / Cash Flow: 10.22
Book Value: $23.17 per share
Price / Book: 2.55

Miscellaneous

Outstanding Shares: 33,410,000
Free Float: 31,626,000
Market Cap: $1.97 billion
Optionable: Optionable
Beta: 0.81

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Key Executives

Mr. Chia-Chang Kou (Age 65)
Founder, President, CEO, MD & Director
Mr. Riyadh Lai (Age 54)
Chief Financial Officer
Mr. Ken Chen (Age 62)
Vice President of Operations
Mr. Christopher A. Chaney
Director of Investor Relations & Strategy
Mr. Nelson S. Duann (Age 54)
Senior VP of Marketing & R&D and Director
Mr. Robert C. Fan (Age 59)
President of SMI USA
Ms. Michelle Lin
Vice President of Finance & Corporate Controller
Mr. Arthur Yeh (Age 62)
Vice President of Sales - Asia & Greater China

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

SIMO Stock Analysis - Frequently Asked Questions

Should I buy or sell Silicon Motion Technology stock right now?: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street research 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?: 5 Wall Street research analysts have issued 1-year price objectives for Silicon Motion Technology's stock. Their SIMO share price targets range from $59.00 to $106.00. On average, they predict the company's share price to reach $85.33 in the next year. This suggests a possible upside of 45.7% 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 2023?: Silicon Motion Technology's stock was trading at $64.99 at the beginning of the year. Since then, SIMO stock has decreased by 9.9% and is now trading at $58.57.
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, February 6th 2024.
View our SIMO earnings forecast.
How were Silicon Motion Technology's earnings last quarter?: Silicon Motion Technology Co. (NASDAQ:SIMO) posted its quarterly earnings data 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 the consensus estimate of $165.70 million. Silicon Motion Technology had a net margin of 8.68% and a trailing twelve-month return on equity of 7.34%. The firm's quarterly revenue was down 31.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 EPS.
How often does Silicon Motion Technology pay dividends? What is the dividend yield for Silicon Motion Technology?: Silicon Motion Technology announced a quarterly dividend on Monday, October 30th. Shareholders of record on Thursday, November 16th will be paid a dividend of $0.50 per share on Thursday, November 30th. This represents a $2.00 annualized dividend and a yield of 3.41%. The ex-dividend date is Wednesday, November 15th.
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 3.36%. The dividend payout ratio is 119.88%. 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 73.98% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SIMO.

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.
What guidance has Silicon Motion Technology issued on next quarter's earnings?: Silicon Motion Technology issued an update on its third quarter 2023 earnings guidance on Friday, October, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $168.43M-, compared to the consensus revenue estimate of $161.65 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 many different retail and institutional investors. Top institutional investors include Alpine Associates Management Inc. (2.85%), Hawk Ridge Capital Management LP (2.83%), Segantii Capital Management Ltd (2.50%), Cooper Creek Partners Management LLC (2.28%), Morgan Stanley (1.94%) and Invesco Ltd. (1.87%).
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:SIMO) was last updated on 11/30/2023 by MarketBeat.com Staff

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