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

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.

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.

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.

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.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our SIMO earnings forecast.

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%.

Emerge EMPWR Sustainable Emerging Markets Equity ETF holds 184 shares of SIMO stock, representing 2.77% of its portfolio.

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.

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).

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

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.

One share of SIMO stock can currently be purchased for approximately $50.86.

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.

The company employs 1,643 workers across the globe.

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.