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PYPL   63.96 (+1.44%)
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NVDA   393.27 (-1.11%)
NIO   7.56 (+0.27%)
BABA   84.27 (+1.53%)
AMD   117.86 (-1.35%)
T   15.21 (-3.80%)
F   12.39 (+2.31%)
MU   69.17 (+0.12%)
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NASDAQ:SIMO

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

$64.46
+1.52 (+2.41%)
(As of 04:32 PM ET)
Compare
Today's Range
$62.39
$64.64
50-Day Range
$51.63
$66.17
52-Week Range
$51.53
$93.88
Volume
532,966 shs
Average Volume
393,639 shs
Market Capitalization
$2.13 billion
P/E Ratio
16.74
Dividend Yield
0.76%
Price Target
$102.00

Silicon Motion Technology MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
58.2% Upside
$102.00 Price Target
Short Interest
Healthy
2.24% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
69.83%
From $2.32 to $3.94 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.14 out of 5 stars

Computer And Technology Sector

9th out of 604 stocks

Semiconductors & Related Devices Industry

2nd out of 87 stocks


SIMO stock logo

About Silicon Motion Technology (NASDAQ:SIMO) Stock

Silicon Motion Technology Corp. engages in the development, manufacture, and supply of semiconductor products for the electronics market. Its products include Flash Controllers, Storage Solutions, and others. It offers embedded and expandable storage, radio frequency integrated circuits and embedded graphics. The company was founded in November 1995 and is headquartered in Hong Kong.

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SIMO Stock News Headlines

Silicon Motion Technology (NASDAQ:SIMO) Trading 5.2% Higher
The Real Problem With "Made in America" Lithium
Politicians love to say they support "Made in America" when it comes to manufacturing. But when it comes to lithium - the metal fueling our transition to electric vehicles - it's not that simple.
Is Graphite the New Lithium?
Did you know that graphite (NOT lithium) is the largest component of lithium batteries used for EV's? Unfortunately, there are no graphite-producing mines in North America today. This leaves the U.S. at the mercy of China for our vital graphite supply.
SIMO Apr 2023 50.000 put
See More Headlines

SIMO Price History

SIMO Company Calendar

Last Earnings
2/07/2023
Today
6/02/2023
Next Earnings (Estimated)
7/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:SIMO
Employees
1,643
Year Founded
1995

Price Target and Rating

Average Stock Price Forecast
$102.00
High Stock Price Forecast
$108.00
Low Stock Price Forecast
$85.00
Forecasted Upside/Downside
+58.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$172.51 million
Pretax Margin
19.09%

Debt

Sales & Book Value

Annual Sales
$828.01 million
Cash Flow
$6.10 per share
Book Value
$22.64 per share

Miscellaneous

Free Float
31,289,000
Market Cap
$2.13 billion
Optionable
Optionable
Beta
0.90

Social Links


Key Executives

  • Wallace C. Kou
    President, Chief Executive Officer & Director
  • Ken Chen
    Vice President-Operations
  • Riyadh Lai
    Chief Financial Officer
  • Nelson S. Duann
    Director, Senior Vice President-Marketing, R&D
  • Kevin Yeh
    VP-Technology, Algorithm Research & Development













SIMO Stock - Frequently Asked Questions

Should I buy or sell Silicon Motion Technology stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SIMO shares.
View SIMO analyst ratings
or view top-rated stocks.

What is Silicon Motion Technology's stock price forecast for 2023?

3 equities research analysts have issued 12-month price targets for Silicon Motion Technology's shares. Their SIMO share price forecasts range from $85.00 to $108.00. On average, they anticipate the company's stock price to reach $102.00 in the next year. This suggests a possible upside of 58.2% 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 start of the year. Since then, SIMO stock has decreased by 0.8% and is now trading at $64.46.
View the best growth stocks for 2023 here
.

When is Silicon Motion Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our SIMO earnings forecast
.

How were Silicon Motion Technology's earnings last quarter?

Silicon Motion Technology Co. (NASDAQ:SIMO) issued its quarterly earnings data on Tuesday, February, 7th. The semiconductor producer reported $1.22 EPS for the quarter, missing analysts' consensus estimates of $1.38 by $0.16. The semiconductor producer earned $200.76 million during the quarter, compared to analysts' expectations of $256.71 million. Silicon Motion Technology had a net margin of 15.48% and a trailing twelve-month return on equity of 18.18%. The firm's quarterly revenue was down 24.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.73 earnings per share.

How often does Silicon Motion Technology pay dividends? What is the dividend yield for Silicon Motion Technology?

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 dividend yield of 3.10%. The ex-dividend date is Wednesday, August 10th.
Read our dividend analysis for SIMO
.

What ETFs hold Silicon Motion Technology's stock?
Is Silicon Motion Technology a good dividend stock?

Silicon Motion Technology (NASDAQ:SIMO) pays an annual dividend of $0.49 per share and currently has a dividend yield of 0.81%. The dividend payout ratio is 12.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SIMO will have a dividend payout ratio of 12.44% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SIMO.

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."

Who are Silicon Motion Technology's major shareholders?

Silicon Motion Technology's stock is owned by a variety of institutional and retail investors. Top institutional investors include Antara Capital LP (0.00%), Sand Grove Capital Management LLP (2.62%), Bluefin Capital Management LLC (0.00%), Hawk Ridge Capital Management LP (2.01%), State Street Corp (2.01%) and Group One Trading L.P. (0.00%).

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 $64.46.

How much money does Silicon Motion Technology make?

Silicon Motion Technology (NASDAQ:SIMO) has a market capitalization of $2.13 billion and generates $828.01 million in revenue each year. The semiconductor producer earns $172.51 million in net income (profit) each year or $3.85 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 6/2/2023 by MarketBeat.com Staff

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