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

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$53.70 +0.16 (+0.30 %)
(As of 09/20/2018 04:00 PM ET)
Previous Close$53.54
Today's Range$53.06 - $53.76
52-Week Range$42.57 - $61.85
Volume324,162 shs
Average Volume401,541 shs
Market Capitalization$1.95 billion
P/E Ratio25.57
Dividend Yield2.21%
Beta0.46
Silicon Motion Technology logoSilicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets semiconductor solutions for the mobile and enterprise storage, and mobile communications markets worldwide. It offers embedded storage and expandable storage products, including NAND flash controllers, such as embedded multimediacard (eMMC), universal flash storage, client solid-state drive (SSD), secure digital card, flash memory card controller, and universal serial bus flash drive controller products. The company also provides specialty storage solutions, such as customized enterprise-grade peripheral component interconnect express SSDs; and industrial-grade and commercial-grade single-chip SSDs. In addition, it offers specialty radio frequency integrated circuits (RF ICs), such as mobile TV system-on-chips (SoCs) and low power WiFi SoCs. The company's products are used in smartphones, tablets, digital cameras, camcorders, and desktop and notebook PCs, as well as in industrial, enterprise, commercial, and other applications. It offers its controllers under the SMI brand; enterprise-grade SSDs under the Shannon brand; single-chip industrial-grade SSDs under the Ferri SSD and Ferri-eMMC brands; RF ICs under the FCI brand; and software-defined storage products under the Bigtera brand. The company markets and sells its products through direct sales personnel and independent electronics distributors to flash manufacturers, original equipment manufacturers, and module makers. Silicon Motion Technology Corporation was founded in 1995 and is based in Kowloon, Hong Kong.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Semiconductors & related devices
Sub-IndustryN/A
SectorComputer and Technology
SymbolNASDAQ:SIMO
CUSIPN/A
Phone886-3552-6888

Debt

Debt-to-Equity RatioN/A
Current Ratio4.95
Quick Ratio4.13

Price-To-Earnings

Trailing P/E Ratio25.57
Forward P/E Ratio17.61
P/E GrowthN/A

Sales & Book Value

Annual Sales$523.40 million
Price / Sales3.70
Cash Flow$2.4873 per share
Price / Cash21.59
Book Value$13.98 per share
Price / Book3.84

Profitability

EPS (Most Recent Fiscal Year)$2.09
Net Income$74.95 million
Net Margins15.28%
Return on Equity15.97%
Return on Assets12.31%

Miscellaneous

Employees1,122
Outstanding Shares36,110,000
Market Cap$1.95 billion

Silicon Motion Technology (NASDAQ:SIMO) Frequently Asked Questions

What is Silicon Motion Technology's stock symbol?

Silicon Motion Technology trades on the NASDAQ under the ticker symbol "SIMO."

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 Monday, February 26th. Investors of record on Thursday, August 9th will be given a dividend of $0.30 per share on Wednesday, August 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Wednesday, August 8th. View Silicon Motion Technology's Dividend History.

How will Silicon Motion Technology's stock buyback program work?

Silicon Motion Technology declared that its board has initiated a share buyback program on Tuesday, August 1st 2017, which permits the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 13.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

How were Silicon Motion Technology's earnings last quarter?

Silicon Motion Technology Corp. (NASDAQ:SIMO) released its earnings results on Tuesday, July, 31st. The semiconductor producer reported $0.92 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.68 by $0.24. The semiconductor producer had revenue of $138.10 million for the quarter, compared to analyst estimates of $137.80 million. Silicon Motion Technology had a return on equity of 15.97% and a net margin of 15.28%. The firm's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 EPS. View Silicon Motion Technology's Earnings History.

When is Silicon Motion Technology's next earnings date?

Silicon Motion Technology is scheduled to release their next quarterly earnings announcement on Thursday, October, 25th 2018. View Earnings Estimates for Silicon Motion Technology.

What price target have analysts set for SIMO?

14 equities research analysts have issued 1 year price objectives for Silicon Motion Technology's stock. Their forecasts range from $45.00 to $68.75. On average, they anticipate Silicon Motion Technology's share price to reach $57.8958 in the next year. This suggests a possible upside of 7.8% from the stock's current price. View Analyst Price Targets for Silicon Motion Technology.

What is the consensus analysts' recommendation for Silicon Motion Technology?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last year. There are currently 1 sell rating, 3 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Silicon Motion Technology.

What are Wall Street analysts saying about Silicon Motion Technology stock?

Here are some recent quotes from research analysts about Silicon Motion Technology stock:
  • 1. Needham & Company LLC analysts commented, "We maintain our Buy and $60 PT . SIMO issued 3Q revenue guidance below the Street as a large Chinese hypersacaler pushed out an order for Shannon Systems to 4Q. This is a multi-quarter program so we expect the associated revenue with that project to be shifted into 4Q and carry into early 2019. We don’t believe the project size has changed. Separately, NAND pricing has fallen meaningfully leading to a reacceleration in client SSD attach rates and as a result, SIMO has increased its SSD forecast to at least 30% Y/Y growth vs. 20%. With $10 net cash and nearly $4 EPS next year, we are buyers on weakness." (8/1/2018)
  • 2. According to Zacks Investment Research, "Silicon Motion faces macroeconomic risks like political, economic and social instability and certain industry-specific regulations in geographies where the company operates. Moreover, intensifying competition in the USB flash drive controller market remains a major headwind. Markedly, the company has a mixed record of earnings surprises in recent quarters. Estimates have been stable lately ahead of the company’s Q2 earnings release. Going forward, dip in smartphones sales might prove to be a drag on the revenues. Nonetheless, the company expects the increase in the availability of 64 layer 3D NAND to bring down high NAND prices, which will eventually improve results. Further, acquisitions have supplemented the company's growth initiatives. Rebuilt inventory from company’s NAND flash partners bolstered eMMC controller sales also remains a positive." (7/31/2018)

Are investors shorting Silicon Motion Technology?

Silicon Motion Technology saw a decrease in short interest in August. As of August 31st, there was short interest totalling 1,576,536 shares, a decrease of 28.5% from the August 15th total of 2,205,326 shares. Based on an average daily trading volume, of 258,950 shares, the short-interest ratio is presently 6.1 days. View Silicon Motion Technology's Current Options Chain.

Who are some of Silicon Motion Technology's key competitors?

Who are Silicon Motion Technology's key executives?

Silicon Motion Technology's management team includes the folowing people:
  • Mr. Chia-Chang Kou, Founder, Pres, CEO & Director (Age 60)
  • Mr. Riyadh Lai, Chief Financial Officer (Age 49)
  • Mr. Ken Chen, VP of Operations (Age 57)
  • Mr. Chi-Chen Chiang, VP of HR & Admin. and Special Assistant to CEO (Age 51)
  • Mr. Jason Tsai, Director of IR and Strategy

Has Silicon Motion Technology been receiving favorable news coverage?

Media headlines about SIMO stock have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Silicon Motion Technology earned a daily sentiment score of 0.18 on Accern's scale. They also assigned media stories about the semiconductor producer an impact score of 46.57 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term. View Recent Headlines for Silicon Motion Technology.

Who are Silicon Motion Technology's major shareholders?

Silicon Motion Technology's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Massachusetts Financial Services Co. MA (6.72%), ARGA Investment Management LP (5.83%), Janus Henderson Group PLC (1.99%), Royce & Associates LP (1.84%), Investec Asset Management LTD (1.23%) and Systematic Financial Management LP (1.07%).

Which major investors are selling Silicon Motion Technology stock?

SIMO stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Millennium Management LLC, Sloane Robinson LLP, Royce & Associates LP, Russell Investments Group Ltd., Peregrine Capital Management LLC, Canada Pension Plan Investment Board and Bank of America Corp DE.

Which major investors are buying Silicon Motion Technology stock?

SIMO stock was acquired by a variety of institutional investors in the last quarter, including Segall Bryant & Hamill LLC, Investec Asset Management PTY Ltd, SG Capital Management LLC, Aviva PLC, Systematic Financial Management LP, Massachusetts Financial Services Co. MA, Point72 Asset Management L.P. and United Services Automobile Association.

How do I buy shares of Silicon Motion Technology?

Shares of SIMO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Silicon Motion Technology's stock price today?

One share of SIMO stock can currently be purchased for approximately $53.70.

How big of a company is Silicon Motion Technology?

Silicon Motion Technology has a market capitalization of $1.95 billion and generates $523.40 million in revenue each year. The semiconductor producer earns $74.95 million in net income (profit) each year or $2.09 on an earnings per share basis. Silicon Motion Technology employs 1,122 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 F5, 302. The semiconductor producer can be reached via phone at 886-3552-6888 or via email at [email protected]


MarketBeat Community Rating for Silicon Motion Technology (NASDAQ SIMO)

Community Ranking:  3.4 out of 5 (star star star)
Outperform Votes:  638 (Vote Outperform)
Underperform Votes:  300 (Vote Underperform)
Total Votes:  938
MarketBeat's community ratings are surveys of what our community members think about Silicon Motion Technology and other stocks. Vote "Outperform" if you believe SIMO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SIMO will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 9/20/2018 by MarketBeat.com Staff

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