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

$69.09
-0.18 (-0.26%)
(As of 02/23/2024 ET)
Today's Range
$68.25
$69.49
50-Day Range
$58.17
$69.27
52-Week Range
$49.50
$95.33
Volume
111,981 shs
Average Volume
560,316 shs
Market Capitalization
$2.31 billion
P/E Ratio
43.73
Dividend Yield
2.88%
Price Target
$84.57

Silicon Motion Technology MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
22.4% Upside
$84.57 Price Target
Short Interest
Healthy
4.22% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.68mentions of Silicon Motion Technology in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
51.10%
From $2.72 to $4.11 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.74 out of 5 stars

Computer And Technology Sector

52nd out of 583 stocks

Semiconductors & Related Devices Industry

13th out of 88 stocks


SIMO stock logo

About Silicon Motion Technology Stock (NASDAQ:SIMO)

Silicon 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.

SIMO Stock Price History

SIMO Stock News Headlines

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Earnings Outlook For Silicon Motion Technology
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See More Headlines
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Company Calendar

Last Earnings
11/01/2023
Ex-Dividend for 11/30 Dividend
11/15/2023
Dividend Payable
11/30/2023
Ex-Dividend for 3/1 Dividend
2/16/2024
Today
2/23/2024
Dividend Payable
3/01/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

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 Target
$84.57
High Stock Price Target
$102.00
Low Stock Price Target
$75.00
Potential Upside/Downside
+22.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Net Income
$52.87 million
Pretax Margin
9.55%

Debt

Sales & Book Value

Annual Sales
$639.14 million
Cash Flow
$2.28 per share
Book Value
$21.99 per share

Miscellaneous

Free Float
31,626,000
Market Cap
$2.30 billion
Optionable
Optionable
Beta
0.82

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Key Executives

  • Mr. Chia-Chang Kou (Age 66)
    Founder, President, CEO, MD & Director
  • Mr. Riyadh Lai (Age 55)
    Chief Financial Officer
  • Mr. Ken Chen (Age 63)
    Vice President of Operations
  • Mr. Christopher Chaney
    Director of Investor Relations & Strategy
  • Mr. Robert C. Fan (Age 60)
    Senior Vice President of Global Sales
  • Mr. Nelson S. Duann (Age 55)
    Senior VP of Client & Automotive Storage Business and Director
  • Mr. Alex Chou
    Senior VP of Enterprise Storage & Display Interface Solution Business
  • Ms. Michelle Lin
    Vice President of Finance & Corporate Controller














SIMO Stock Analysis - Frequently Asked Questions

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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last twelve months. There are currently 7 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

7 brokerages have issued 12 month price objectives for Silicon Motion Technology's shares. Their SIMO share price targets range from $75.00 to $102.00. On average, they predict the company's share price to reach $84.57 in the next twelve months. This suggests a possible upside of 22.4% 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 2024?

Silicon Motion Technology's stock was trading at $61.27 at the start of the year. Since then, SIMO stock has increased by 12.8% and is now trading at $69.09.
View the best growth stocks for 2024 here
.

Are investors shorting Silicon Motion Technology?

Silicon Motion Technology saw a drop in short interest in January. As of January 31st, there was short interest totaling 1,410,000 shares, a drop of 30.5% from the January 15th total of 2,030,000 shares. Based on an average daily volume of 477,900 shares, the short-interest ratio is presently 3.0 days. Currently, 4.2% of the shares of the company 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 Thursday, May 2nd 2024.
View our SIMO earnings forecast
.

How were Silicon Motion Technology's earnings last quarter?

Silicon Motion Technology Co. (NASDAQ:SIMO) released its quarterly earnings data on Wednesday, November, 1st. The semiconductor producer reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.05. The semiconductor producer had revenue of $172.30 million for the quarter, compared to the consensus estimate of $165.70 million. Silicon Motion Technology had a trailing twelve-month return on equity of 7.01% and a net margin of 8.27%. Silicon Motion Technology's revenue for the quarter was down 31.3% on a year-over-year basis. During the same period last year, the business earned $1.29 EPS.

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

Silicon Motion Technology declared a quarterly dividend on Friday, January 19th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.50 per share on Friday, March 1st. This represents a $2.00 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Friday, February 16th.
Read our dividend analysis for SIMO
.

Is Silicon Motion Technology a good dividend stock?

Silicon Motion Technology (NASDAQ:SIMO) pays an annual dividend of $1.99 per share and currently has a dividend yield of 2.94%. The dividend payout ratio is 125.95%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SIMO will have a dividend payout ratio of 48.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SIMO.

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 guidance has Silicon Motion Technology issued on next quarter's earnings?

Silicon Motion Technology updated its FY 2024 earnings guidance on Tuesday, February, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $765.0 million-$800.0 million, compared to the consensus revenue estimate of $767.7 million.

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).

Who are Silicon Motion Technology's major shareholders?

Silicon Motion Technology's stock is owned by many different retail and institutional investors. Top institutional investors include Alpine Associates Management Inc. (2.86%), Kodai Capital Management LP (2.15%), Reinhart Partners LLC. (2.10%), Segantii Capital Management Ltd (2.09%), Pertento Partners LLP (1.81%) and Massachusetts Financial Services Co. MA (1.59%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SIMO) was last updated on 2/23/2024 by MarketBeat.com Staff