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

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last twelve months. There are currently 8 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 target for 2024?

8 Wall Street research analysts have issued 12-month target prices for Silicon Motion Technology's shares. Their SIMO share price targets range from $75.00 to $110.00. On average, they expect the company's share price to reach $91.13 in the next twelve months. This suggests a possible upside of 15.8% 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 beginning of the year. Since then, SIMO stock has increased by 28.5% and is now trading at $78.72. View the best growth stocks for 2024 here .

Are investors shorting Silicon Motion Technology?

Silicon Motion Technology saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 876,900 shares, a decrease of 16.5% from the March 15th total of 1,050,000 shares. Based on an average daily trading volume, of 461,600 shares, the short-interest ratio is currently 1.9 days. Approximately 2.6% of the company's stock 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, July 25th 2024. View our SIMO earnings forecast .

How were Silicon Motion Technology's earnings last quarter?

Silicon Motion Technology Co. (NASDAQ:SIMO) announced its earnings results on Wednesday, November, 1st. The semiconductor producer reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.05. The semiconductor producer had revenue of $172.30 million for the quarter, compared to analyst estimates of $165.70 million. Silicon Motion Technology had a trailing twelve-month return on equity of 7.77% and a net margin of 8.34%. The company's revenue was down 31.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.29 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 Wednesday, May 8th. Stockholders of record on Thursday, May 9th will be given a dividend of $0.50 per share on Thursday, May 23rd. This represents a $2.00 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Wednesday, May 8th. 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 2.71%. The dividend payout ratio is 113.07%. 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 49.38% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SIMO .

What ETFs hold Silicon Motion Technology's stock?

ETFs with the largest weight of Silicon Motion Technology (NASDAQ:SIMO) stock in their portfolio include Emerge EMPWR Sustainable Emerging Markets Equity ETF (EMCH) , AltShares Event-Driven ET (EVNT) and Invesco Nasdaq Future Gen 200 ETF (QQQS) . SPDR S&P Emerging Markets SmallCap ETF (EWX) .

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

Silicon Motion Technology issued an update on its FY 2024 earnings guidance on Friday, May, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $800.0 million-$830.0 million, compared to the consensus revenue estimate of $793.3 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 a variety of institutional and retail investors. Top institutional investors include Reinhart Partners LLC. (2.23%), Heartland Advisors Inc. (0.87%), Easterly Investment Partners LLC (0.75%), Russell Investments Group Ltd. (0.34%), Janney Montgomery Scott LLC (0.25%) and Perpetual Ltd (0.19%).

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 .

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NASDAQ:SIMO

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

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Free SIMO Stock Alerts

$78.30

-0.42 (-0.53%)

(As of 11:39 AM ET)

Compare

Today's Range: $77.26
▼
$78.72
50-Day Range: $70.79
▼
$82.87
52-Week Range: $49.50
▼
$95.33

Volume: 80,206 shs
Average Volume: 445,003 shs
Market Capitalization: $2.64 billion

P/E Ratio: 44.49
Dividend Yield: 2.54%
Price Target: $91.13

Get Silicon Motion Technology alerts:

Silicon Motion Technology MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 15.8% Upside
$91.13 Price Target
Short Interest: Healthy
2.52% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.67
Based on 38 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 52.08%
From $2.65 to $4.03 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.

4.43 out of 5 stars

Computer And Technology Sector

98th out of 592 stocks

Semiconductors & Related Devices Industry

21st out of 89 stocks

3.5

Analyst's Opinion

Consensus Rating
Silicon Motion Technology has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 8 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Silicon Motion Technology has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Read more about Silicon Motion Technology's stock forecast and price target.

4.0

Short Interest

Percentage of Shares Shorted
2.52% of the float of Silicon Motion Technology has been sold short.
Short Interest Ratio / Days to Cover
Silicon Motion Technology has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Silicon Motion Technology has recently decreased by 4.20%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Yield
Silicon Motion Technology pays a meaningful dividend of 2.71%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Silicon Motion Technology does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Silicon Motion Technology is 113.07%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Silicon Motion Technology will have a dividend payout ratio of 49.38% next year. This indicates that Silicon Motion Technology will be able to sustain or increase its dividend.
Read more about Silicon Motion Technology's dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SIMO.

3.1

News and Social Media Coverage

News Sentiment
Silicon Motion Technology has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.39 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 38 news articles for Silicon Motion Technology this week, compared to 4 articles on an average week.
Search Interest
Only 8 people have searched for SIMO on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
9 people have added Silicon Motion Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Silicon Motion Technology insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 5.34% of the stock of Silicon Motion Technology is held by insiders.
Percentage Held by Institutions
78.02% of the stock of Silicon Motion Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Read more about Silicon Motion Technology's insider trading history.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Silicon Motion Technology are expected to grow by 52.08% in the coming year, from $2.65 to $4.03 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Silicon Motion Technology is 44.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.13.
Price to Earnings Ratio vs. Sector
The P/E ratio of Silicon Motion Technology is 44.73, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 267.36.
Price to Earnings Growth Ratio
Silicon Motion Technology has a PEG Ratio of 3.98. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Silicon Motion Technology has a P/B Ratio of 3.58. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
Read more about Silicon Motion Technology's valuation and earnings.

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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

30 days | 90 days | 365 days | Advanced Chart

SIMO Stock News Headlines

April 16, 2024 | marketbeat.com

Silicon Motion Proves That AI in Motion Stays in Motion

Silicon Motion Technology Co. NASDAQ: SIMO is a fabless semiconductor company in the computer and technology sector specializing in designing and developing NAND flash memory controllers. The controllers enable solid-state drives (SSD) to operate seamlessly, managing the communications between the NAND flash memory and the computer system.

April 16, 2024 | marketbeat.com

Silicon Motion Proves That AI in Motion Stays in Motion

Silicon Motion Technology Co. (NASDAQ: SIMO) is a fabless semiconductor company in the computer and technology sector specializing in designing and developing

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