Silicon Motion Technology Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last year. There are currently 1 sell rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Silicon Motion Technology stock.
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Wall Street analysts have given Silicon Motion Technology a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Silicon Motion Technology wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Silicon Motion Technology is scheduled to release its next quarterly earnings announcement on Monday, November 1st 2021.
View our earnings forecast for Silicon Motion Technology.

Silicon Motion Technology Co. (NASDAQ:SIMO) released its earnings results on Wednesday, May, 5th. The semiconductor producer reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.71 by $0.27. The semiconductor producer earned $182.40 million during the quarter, compared to analyst estimates of $180 million. Silicon Motion Technology had a net margin of 16.27% and a trailing twelve-month return on equity of 18.80%.
View Silicon Motion Technology's earnings history.

Silicon Motion Technology's stock was trading at $36.79 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SIMO stock has increased by 103.8% and is now trading at $74.99.
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Silicon Motion Technology announced a quarterly dividend on Thursday, July 15th. Shareholders of record on Thursday, August 5th will be given a dividend of $0.35 per share on Thursday, August 19th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Wednesday, August 4th.
View Silicon Motion Technology's dividend history.

Silicon Motion Technology pays an annual dividend of $1.39 per share and currently has a dividend yield of 1.85%. Silicon Motion Technology does not yet have a strong track record of dividend growth. The dividend payout ratio of Silicon Motion Technology is 60.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Silicon Motion Technology will have a dividend payout ratio of 25.32% next year. This indicates that Silicon Motion Technology will be able to sustain or increase its dividend.
View Silicon Motion Technology's dividend history.

Silicon Motion Technology updated its FY 2021 earnings guidance on Thursday, July, 29th. The company provided EPS guidance of for the period. The company issued revenue guidance of $890 million-$917 million, compared to the consensus revenue estimate of $813.78 million.

6 equities research analysts have issued 12-month price objectives for Silicon Motion Technology's shares. Their forecasts range from $46.00 to $100.00. On average, they expect Silicon Motion Technology's stock price to reach $81.67 in the next twelve months. This suggests a possible upside of 8.9% from the stock's current price.
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8 employees have rated Silicon Motion Technology CEO Wallace C. Kou on Glassdoor.com. Wallace C. Kou has an approval rating of 76% among Silicon Motion Technology's employees.

Some companies that are related to Silicon Motion Technology include First Solar (FSLR), Lattice Semiconductor (LSCC), Sumco (SUOPY), AU Optronics (AUOTY), Silicon Laboratories (SLAB), BE Semiconductor Industries (BESIY), Amkor Technology (AMKR), Power Integrations (POWI), Dialog Semiconductor (DLGNF), Synaptics (SYNA), Allegro MicroSystems (ALGM), Shoals Technologies Group (SHLS), Cirrus Logic (CRUS), Daqo New Energy (DQ) and SunPower (SPWR).
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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 Rice Hall James & Associates LLC (2.17%), Hodges Capital Management Inc. (0.28%), Zweig DiMenna Associates LLC (0.25%), Advisors Asset Management Inc. (0.12%), Henry James International Management Inc. (0.07%) and Nelson Van Denburg & Campbell Wealth Management Group LLC (0.03%).

SIMO stock was sold by a variety of institutional investors in the last quarter, including Rice Hall James & Associates LLC, Cutler Group LP, Camelot Portfolios LLC, and Nelson Van Denburg & Campbell Wealth Management Group LLC.

SIMO stock was purchased by a variety of institutional investors in the last quarter, including Hodges Capital Management Inc., Zweig DiMenna Associates LLC, Advisors Asset Management Inc., and Henry James International Management Inc..

Shares of SIMO 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 $74.99.

Silicon Motion Technology has a market capitalization of $2.62 billion and generates $539.52 million in revenue each year. The semiconductor producer earns $79.75 million in net income (profit) each year or $2.28 on an earnings per share basis.

Silicon Motion Technology employs 1,323 workers across the globe.

The official website for Silicon Motion Technology is www.siliconmotion.com.

Silicon Motion Technology is headquartered at 8F-1 NO. 36 TAIYUAN STREET JHUBEI CITY, HSINCHU COUNTY F5, 302.

Silicon Motion Technology's mailing address is 8F-1 NO. 36 TAIYUAN STREET JHUBEI CITY, HSINCHU COUNTY F5, 302. The semiconductor producer can be reached via phone at 886-3552-6888 or via email at [email protected]