NASDAQ:SIMO Silicon Motion Technology (SIMO) Stock Forecast, Price & News $50.86 -0.61 (-1.19%) (As of 10/3/2023 ET) Add Compare Share Share Today's Range$50.43▼$51.5550-Day Range$50.25▼$65.3552-Week Range$49.50▼$95.33Volume556,467 shsAverage Volume361,689 shsMarket Capitalization$1.70 billionP/E Ratio19.34Dividend YieldN/APrice Target$86.43 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Silicon Motion Technology MarketRank™ ForecastAnalyst RatingModerate Buy2.83 Rating ScoreUpside/Downside69.9% Upside$86.43 Price TargetShort InterestHealthy3.29% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth104.58%From $1.53 to $3.13 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.56 out of 5 starsComputer And Technology Sector191st out of 599 stocksSemiconductors & Related Devices Industry31st out of 90 stocks 3.4 Analyst's Opinion Consensus RatingSilicon Motion Technology has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $86.43, Silicon Motion Technology has a forecasted upside of 69.9% from its current price of $50.86.Amount of Analyst CoverageSilicon Motion Technology has only been the subject of 3 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.29% of the float of Silicon Motion Technology has been sold short.Short Interest Ratio / Days to CoverSilicon Motion Technology has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Silicon Motion Technology has recently increased by 25.27%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldSilicon Motion Technology does not currently pay a dividend.Dividend GrowthSilicon Motion Technology does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SIMO. Previous Next 1.9 News and Social Media Coverage News SentimentSilicon Motion Technology has a news sentiment score of 0.44. 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 lower news sentiment than the 0.61 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 1 news article for Silicon Motion Technology this week, compared to 3 articles on an average week.Search InterestOnly 4 people have searched for SIMO on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows4 people have added Silicon Motion Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Silicon Motion Technology insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 5.34% of the stock of Silicon Motion Technology is held by insiders.Percentage Held by Institutions62.63% 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. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Silicon Motion Technology are expected to grow by 104.58% in the coming year, from $1.53 to $3.13 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Silicon Motion Technology is 19.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.58.Price to Earnings Ratio vs. SectorThe P/E ratio of Silicon Motion Technology is 19.34, 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 221.71.Price to Earnings Growth RatioSilicon Motion Technology has a PEG Ratio of 6.75. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioSilicon Motion Technology has a P/B Ratio of 2.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Silicon Motion Technology (NASDAQ:SIMO) StockSilicon 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.Read More SIMO Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SIMO Stock News HeadlinesSeptember 24, 2023 | markets.businessinsider.comSilicon Motion Shareholder AlertSeptember 22, 2023 | markets.businessinsider.comSilicon Motion Deadline ReminderOctober 4, 2023 | Edge On The Street (Ad)The Strategic Gold Play You Haven't Heard AboutExperts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure. September 21, 2023 | stockhouse.comSilicon Motion Provides Certain Details Regarding MaxLinear's Surprise Termination of the Merger AgreementSeptember 21, 2023 | finanznachrichten.deSilicon Motion Technology Corporation.: Silicon Motion Provides Certain Details Regarding MaxLinear's Surprise Termination of the Merger AgreementSeptember 21, 2023 | finance.yahoo.comSilicon Motion Provides Certain Details Regarding MaxLinear’s Surprise Termination of the Merger AgreementSeptember 20, 2023 | benzinga.comSIMO Investors Have Opportunity to Lead Silicon Motion Technology Corporation Securities Fraud LawsuitSeptember 16, 2023 | finance.yahoo.com12 Best Affordable Tech Stocks To Buy NowOctober 4, 2023 | Edge On The Street (Ad)The Strategic Gold Play You Haven't Heard AboutExperts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure. September 14, 2023 | technews.tmcnet.comGlancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Silicon Motion Technology Corporation (SIMO)September 13, 2023 | theglobeandmail.comSHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Silicon Motion Technology Corporation - SIMOSeptember 12, 2023 | benzinga.comThe Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Silicon Motion Technology Corporation (SIMO) InvestorsSeptember 9, 2023 | markets.businessinsider.comSilicon Motion Shareholder Action ReminderSeptember 7, 2023 | markets.businessinsider.comSilicon Motion Deadline AlertSeptember 7, 2023 | nasdaq.comRoth MKM Reiterates Silicon Motion Technology Corp - ADR (SIMO) Neutral RecommendationSeptember 7, 2023 | stockhouse.comSilicon Motion Shareholder NoticeSeptember 6, 2023 | technews.tmcnet.comINVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Silicon Motion Technology Corporation (SIMO) on Behalf of InvestorsSeptember 5, 2023 | technews.tmcnet.comShareholder Alert: Robbins LLP Informs Shareholders of Class Action Filed Against MaxLinear, Inc. (MXL)September 5, 2023 | benzinga.comThe Law Offices of Frank R. Cruz Announces Investigation of Silicon Motion Technology Corporation (SIMO) on Behalf of InvestorsSeptember 1, 2023 | benzinga.comEntwistle & Cappucci LLP and Robbins Geller Rudman & Dowd LLP File a Securities Class Action Complaint Against MaxLinear, Inc.August 30, 2023 | finance.yahoo.comIs the Options Market Predicting a Spike in Silicon Motion (SIMO) Stock?August 16, 2023 | finance.yahoo.comSilicon Motion Terminates Merger Agreement with MaxLinear and Intends to Pursue Substantial Damages in Excess of the Agreement’s Termination Fee Due to MaxLinear’s Willful and Material Breaches of the Merger AgreementAugust 16, 2023 | finance.yahoo.comSilicon Motion to seek damages after MaxLinear scraps dealJuly 31, 2023 | finance.yahoo.comSilicon Motion's (SIMO) Q2 Earnings Miss on Lower RevenuesJuly 28, 2023 | markets.businessinsider.comAnalysts Offer Insights on Technology Companies: Silicon Motion (SIMO) and TD SYNNEX Corporation (SNX)July 28, 2023 | finance.yahoo.comSilicon Motion Announces Results for the Period Ended June 30, 2023July 27, 2023 | finanznachrichten.deSilicon Motion Technology Corporation.: Silicon Motion Repudiates MaxLinear's Allegations and Intends to Enforce Merger AgreementSee 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. Email Address SIMO Company Calendar Last Earnings7/27/2023Today10/04/2023Next Earnings (Estimated)11/07/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Semiconductors & related devices Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:SIMO CUSIPN/A CIK1329394 Webwww.siliconmotion.com Phone(522) 307-4768Fax852-2307-4368Employees1,643Year Founded1995Price Target and Rating Average Stock Price Forecast$86.43 High Stock Price Forecast$108.00 Low Stock Price Forecast$59.00 Forecasted Upside/Downside+69.9%Consensus RatingModerate Buy Rating Score (0-4)2.83 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$2.63 Trailing P/E Ratio19.34 Forward P/E Ratio33.24 P/E Growth6.72Net Income$172.51 million Net Margins12.24% Pretax Margin14.62% Return on Equity11.94% Return on Assets9.23% Debt Debt-to-Equity RatioN/A Current Ratio5.97 Quick Ratio3.93 Sales & Book Value Annual Sales$945.92 million Price / Sales1.80 Cash Flow$5.75 per share Price / Cash Flow8.85 Book Value$22.17 per share Price / Book2.29Miscellaneous Outstanding Shares33,410,000Free Float31,626,000Market Cap$1.70 billion OptionableOptionable Beta0.93 Social Links Beginner's Guide to Pot Stock InvestingClick the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. Get This Free Report Key ExecutivesMr. Chia-Chang Kou (Age 65)Founder, Pres, CEO, MD & Director Mr. Riyadh Lai (Age 54)Chief Financial Officer Mr. Ken Chen (Age 62)VP of Operations Mr. Christopher A. ChaneyDirector of Investor Relations & StrategyMr. Nelson S. Duann (Age 54)Sr. VP of Marketing & R&D and Director Mr. Robert C. Fan (Age 59)Pres of SMI USA Ms. Michelle LinVP of Fin. & Corp. ControllerMr. Arthur Yeh (Age 62)VP of Sales - Asia & Greater China Mr. Kevin Yeh (Age 59)VP of R&D - Algorithm and Technology More ExecutivesKey CompetitorsMaxLinearNYSE:MXLSemtechNASDAQ:SMTCOSI SystemsNASDAQ:OSISViavi SolutionsNASDAQ:VIAVAmbarellaNASDAQ:AMBAView All CompetitorsInstitutional OwnershipDavidson Kempner Capital Management LPBought 126,394 shares on 9/12/2023Ownership: 0.378%Bluefin Capital Management LLCSold 6,800 shares on 9/11/2023Ownership: 0.000%Osaic Holdings Inc.Sold 911 shares on 8/21/2023Ownership: 0.011%Orion Portfolio Solutions LLCSold 203 shares on 8/17/2023Ownership: 0.056%Cadence BankSold 194 shares on 8/15/2023Ownership: 0.045%View All Institutional Transactions SIMO Stock - Frequently Asked Questions Should I buy or sell Silicon Motion Technology stock right now? 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SIMO shares. View SIMO analyst ratings or view top-rated stocks. What is Silicon Motion Technology's stock price forecast for 2023? 6 Wall Street analysts have issued twelve-month price targets for Silicon Motion Technology's stock. Their SIMO share price forecasts range from $59.00 to $108.00. On average, they predict the company's share price to reach $86.43 in the next twelve months. This suggests a possible upside of 69.9% 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 2023? Silicon Motion Technology's stock was trading at $64.99 at the beginning of 2023. Since then, SIMO stock has decreased by 21.7% and is now trading at $50.86. View the best growth stocks for 2023 here. Are investors shorting Silicon Motion Technology? Silicon Motion Technology saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,100,000 shares, an increase of 25.3% from the August 31st total of 878,100 shares. Based on an average daily volume of 1,120,000 shares, the short-interest ratio is presently 1.0 days. Currently, 3.3% of the company's shares are sold short. View Silicon Motion Technology's Short Interest. When is Silicon Motion Technology's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023. 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 Thursday, July, 27th. The semiconductor producer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.05. The semiconductor producer had revenue of $140.36 million for the quarter, compared to analyst estimates of $134.93 million. Silicon Motion Technology had a net margin of 12.24% and a trailing twelve-month return on equity of 11.94%. 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 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). What is Silicon Motion Technology's stock symbol? Silicon Motion Technology trades on the NASDAQ under the ticker symbol "SIMO." 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. What is Silicon Motion Technology's stock price today? One share of SIMO stock can currently be purchased for approximately $50.86. How much money does Silicon Motion Technology make? Silicon Motion Technology (NASDAQ:SIMO) has a market capitalization of $1.70 billion and generates $945.92 million in revenue each year. The semiconductor producer earns $172.51 million in net income (profit) each year or $2.63 on an earnings per share basis. How many employees does Silicon Motion Technology have? The company employs 1,643 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 COUNTY F5, 302. The official website for the company is www.siliconmotion.com. The semiconductor producer can be reached via phone at (522) 307-4768, via email at ir@siliconmotion.com, or via fax at 852-2307-4368. This page (NASDAQ:SIMO) was last updated on 10/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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