Silicon Motion Technology - SIMO Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last twelve months. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" SIMO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SIMO, but not buy additional shares or sell existing shares.
View SIMO analyst ratings or view top-rated stocks.

7 analysts have issued 1 year price targets for Silicon Motion Technology's shares. Their SIMO share price forecasts range from $78.00 to $130.00. On average, they expect the company's stock price to reach $102.14 in the next twelve months. This suggests a possible upside of 27.5% 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 $95.03 on January 1st, 2022. Since then, SIMO stock has decreased by 15.7% and is now trading at $80.12.
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Silicon Motion Technology is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our SIMO earnings forecast.

Silicon Motion Technology Co. (NASDAQ:SIMO) issued its quarterly earnings results on Wednesday, October, 27th. The semiconductor producer reported $1.70 EPS for the quarter, topping the consensus estimate of $1.54 by $0.16. The semiconductor producer had revenue of $254.24 million for the quarter, compared to analysts' expectations of $250.45 million. Silicon Motion Technology had a trailing twelve-month return on equity of 33.80% and a net margin of 21.92%. Silicon Motion Technology's revenue was up 101.7% compared to the same quarter last year. During the same period last year, the business posted $0.70 EPS.

Silicon Motion Technology announced a quarterly dividend on Thursday, July 14th. Investors of record on Thursday, August 11th will be given a dividend of $0.50 per share on Thursday, August 25th. This represents a $2.00 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Wednesday, August 10th.
Read our dividend analysis for SIMO.

Silicon Motion Technology (NASDAQ:SIMO) pays an annual dividend of $1.99 per share and currently has a dividend yield of 2.41%. The dividend payout ratio is 30.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SIMO will have a dividend payout ratio of 25.71% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SIMO.

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."

Silicon Motion Technology's stock is owned by a variety of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (2.07%), Lazard Asset Management LLC (1.05%), Rice Hall James & Associates LLC (1.04%), Alpine Associates Management Inc. (0.94%), Hodges Capital Management Inc. (0.65%) and Russell Investments Group Ltd. (0.58%).

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.
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One share of SIMO stock can currently be purchased for approximately $80.12.

Silicon Motion Technology (NASDAQ:SIMO) has a market capitalization of $2.65 billion and generates $922.10 million in revenue each year. The semiconductor producer earns $200 million in net income (profit) each year or $6.46 on an earnings per share basis.

Silicon Motion Technology employs 1,434 workers across the globe.

Silicon Motion Technology was founded in 1995.

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.