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XOM   102.74 (+0.39%)

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


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 Technology Corp ADR
SIMO Mar 2024 50.000 call
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.
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!
A Preview Of Silicon Motion Technology's Earnings
Silicon Motion Final Deadline Alert
Silicon Motion Ongoing Deadline Alert
Silicon Motion Investor Deadline Approaching
Silicon Motion Shareholder Alert
Silicon Motion Deadline Reminder
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

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
$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

Net Income
$172.51 million
Pretax Margin
10.52%

Debt

Sales & Book Value

Annual Sales
$945.92 million
Cash Flow
$5.78 per share
Book Value
$23.17 per share

Miscellaneous

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














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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