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S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
3 lithium stocks to ride a multi-year cycle
Is Gold Really Boring? (Ad)
Goldman upgraded Nvidia stock, one metric says it could go higher
Autozone stock price is still in the rally zone
Is Gold Really Boring? (Ad)
Closing prices for crude oil, gold and other commodities
New highs are coming for Lowe’s stock despite mixed results
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Consumer confidence slips in February as anxiety over potential recession surprisingly reappears
Beyond Meat's shares soar on better-than-expected Q4 revenue despite weak US sales
S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
3 lithium stocks to ride a multi-year cycle
Is Gold Really Boring? (Ad)
Goldman upgraded Nvidia stock, one metric says it could go higher
Autozone stock price is still in the rally zone
Is Gold Really Boring? (Ad)
Closing prices for crude oil, gold and other commodities
New highs are coming for Lowe’s stock despite mixed results
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Consumer confidence slips in February as anxiety over potential recession surprisingly reappears
Beyond Meat's shares soar on better-than-expected Q4 revenue despite weak US sales
S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
3 lithium stocks to ride a multi-year cycle
Is Gold Really Boring? (Ad)
Goldman upgraded Nvidia stock, one metric says it could go higher
Autozone stock price is still in the rally zone
Is Gold Really Boring? (Ad)
Closing prices for crude oil, gold and other commodities
New highs are coming for Lowe’s stock despite mixed results
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Consumer confidence slips in February as anxiety over potential recession surprisingly reappears
Beyond Meat's shares soar on better-than-expected Q4 revenue despite weak US sales

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

$69.39
-0.43 (-0.62%)
(As of 02/27/2024 ET)
Today's Range
$69.23
$70.15
50-Day Range
$58.17
$69.82
52-Week Range
$49.50
$95.33
Volume
340,088 shs
Average Volume
482,863 shs
Market Capitalization
$2.29 billion
P/E Ratio
43.92
Dividend Yield
2.87%
Price Target
$84.57

Silicon Motion Technology MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
21.9% Upside
$84.57 Price Target
Short Interest
Healthy
4.22% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.21mentions of Silicon Motion Technology in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
51.10%
From $2.72 to $4.11 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.

4.63 out of 5 stars

Computer And Technology Sector

69th out of 587 stocks

Semiconductors & Related Devices Industry

15th out of 89 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

Don't Overlook These Highly Ranked Stocks After Earnings
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Earnings Outlook For Silicon Motion Technology
Silicon Motion Confirms Quarterly Dividend
Silicon Motion Technology Corporation (SIMO)
See More Headlines
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Company Calendar

Last Earnings
11/01/2023
Ex-Dividend for 11/30 Dividend
11/15/2023
Dividend Payable
11/30/2023
Ex-Dividend for 3/1 Dividend
2/16/2024
Today
2/28/2024
Dividend Payable
3/01/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:SIMO
Employees
1,643
Year Founded
1995

Price Target and Rating

Average Stock Price Target
$84.57
High Stock Price Target
$102.00
Low Stock Price Target
$75.00
Potential Upside/Downside
+21.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Net Income
$52.87 million
Pretax Margin
9.55%

Debt

Sales & Book Value

Annual Sales
$639.14 million
Cash Flow
$2.24 per share
Book Value
$21.99 per share

Miscellaneous

Free Float
31,289,000
Market Cap
$2.29 billion
Optionable
Optionable
Beta
0.82

Social Links

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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?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last year. There are currently 7 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?

7 equities research analysts have issued 1 year target prices for Silicon Motion Technology's stock. Their SIMO share price targets range from $75.00 to $102.00. On average, they expect the company's stock price to reach $84.57 in the next year. This suggests a possible upside of 21.9% 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 on January 1st, 2024. Since then, SIMO stock has increased by 13.3% and is now trading at $69.39.
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, May 2nd 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, beating analysts' consensus estimates of $0.58 by $0.05. The semiconductor producer earned $172.30 million during the quarter, compared to analyst estimates of $165.70 million. Silicon Motion Technology had a trailing twelve-month return on equity of 7.01% and a net margin of 8.27%. The firm's revenue for the quarter was down 31.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.29 EPS.

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 Friday, January 19th. Investors of record on Tuesday, February 20th will be given a dividend of $0.50 per share on Friday, March 1st. This represents a $2.00 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Friday, February 16th.
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 2.85%. The dividend payout ratio is 125.95%. 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 48.42% 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 updated its FY 2024 earnings guidance on Tuesday, February, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $765.0 million-$800.0 million, compared to the consensus revenue estimate of $767.7 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 Alpine Associates Management Inc. (2.86%), Kodai Capital Management LP (2.15%), Reinhart Partners LLC. (2.10%), Segantii Capital Management Ltd (2.09%), Pertento Partners LLP (1.81%) and Massachusetts Financial Services Co. MA (1.59%).

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 2/28/2024 by MarketBeat.com Staff