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Silicon Motion Technology Stock Price, Forecast & Analysis (NASDAQ:SIMO)

$43.42
+0.11 (+0.25 %)
(As of 11/22/2019 05:35 AM ET)
Today's Range
$43.08
Now: $43.42
$43.74
50-Day Range
$35.36
MA: $40.18
$43.83
52-Week Range
$30.86
Now: $43.42
$47.23
Volume188,300 shs
Average Volume325,181 shs
Market Capitalization$1.57 billion
P/E Ratio12.73
Dividend Yield3.21%
Beta1.09
Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets semiconductor solutions for the mobile and enterprise storage, and mobile communications markets worldwide. It offers embedded storage and expandable storage products, including NAND flash controllers, such as embedded multimediacard (eMMC), universal flash storage, client solid-state drive (SSD), secure digital card, flash memory card controller, and universal serial bus flash drive controller products. Read More…

Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:SIMO
CUSIPN/A
Phone886-3552-6888

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$530.35 million
Cash Flow$3.90 per share
Book Value$14.74 per share

Profitability

Net Income$98.07 million

Miscellaneous

Employees1,307
Market Cap$1.57 billion
Next Earnings Date2/4/2020 (Estimated)
OptionableOptionable

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Silicon Motion Technology (NASDAQ:SIMO) Frequently Asked Questions

What is Silicon Motion Technology's stock symbol?

Silicon Motion Technology trades on the NASDAQ under the ticker symbol "SIMO."

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, October 25th. Investors of record on Thursday, November 7th will be paid a dividend of $0.35 per share on Thursday, November 21st. This represents a $1.40 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Wednesday, November 6th. This is a boost from Silicon Motion Technology's previous quarterly dividend of $0.30. View Silicon Motion Technology's Dividend History.

How will Silicon Motion Technology's stock buyback program work?

Silicon Motion Technology declared that its board has approved a stock buyback program on Wednesday, November 21st 2018, which permits the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 15.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

How were Silicon Motion Technology's earnings last quarter?

Silicon Motion Technology Corp. (NASDAQ:SIMO) issued its quarterly earnings results on Tuesday, October, 29th. The semiconductor producer reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.31. The semiconductor producer had revenue of $110.50 million for the quarter, compared to analysts' expectations of $112.08 million. Silicon Motion Technology had a return on equity of 13.22% and a net margin of 13.16%. The firm's revenue was down 20.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.95 EPS. View Silicon Motion Technology's Earnings History.

When is Silicon Motion Technology's next earnings date?

Silicon Motion Technology is scheduled to release their next quarterly earnings announcement on Tuesday, February 4th 2020. View Earnings Estimates for Silicon Motion Technology.

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

Silicon Motion Technology updated its third quarter 2019 earnings guidance on Monday, October, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $113.4 million, compared to the consensus revenue estimate of $105.36 million.

What price target have analysts set for SIMO?

11 equities research analysts have issued 12 month price targets for Silicon Motion Technology's shares. Their forecasts range from $34.43 to $58.00. On average, they anticipate Silicon Motion Technology's share price to reach $47.54 in the next year. This suggests a possible upside of 9.5% from the stock's current price. View Analyst Price Targets for Silicon Motion Technology.

What is the consensus analysts' recommendation for Silicon Motion Technology?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last year. There are currently 1 sell rating, 4 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Silicon Motion Technology.

What are Wall Street analysts saying about Silicon Motion Technology stock?

Here are some recent quotes from research analysts about Silicon Motion Technology stock:
  • 1. According to Zacks Investment Research, "Silicon Motion’s third-quarter earnings beat the Zacks Consensus Estimate. However, both top and bottom line declined year over year. Nonetheless, the company provided promising fourth-quarter revenue guidance. Notably, the company’s Open-Channel Shannon SSDs are being commercially deployed in data centers of Alibaba and another “B-A-T customer,” which is a significant milestone. Silicon Motion is anticipated to benefit from adoption of its enterprise and industrial SSD offerings in the days ahead. However, higher sales of lower margined SSD solutions are likely to weigh on margins. Furthermore, uncertain macroeconomic conditions and imposition of tariff owing to the U.S.-China trade war has kept the company’s OEM customers and NAND flash vendors on tenterhooks for quite some time now, which remains a concern." (11/2/2019)
  • 2. Needham & Company LLC analysts commented, "We think some of weakness is due to a pause ahead of WiFi 6 product launches. Our street low estimates are unchanged. The Company also named a permanent CEO replacing the interim CEO. Maintain our OP and our $17 PT." (8/9/2019)

Has Silicon Motion Technology been receiving favorable news coverage?

News stories about SIMO stock have been trending negative on Friday, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Silicon Motion Technology earned a coverage optimism score of -2.5 on InfoTrie's scale. They also gave news headlines about the semiconductor producer a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Silicon Motion Technology.

Are investors shorting Silicon Motion Technology?

Silicon Motion Technology saw a increase in short interest in the month of October. As of October 31st, there was short interest totalling 787,300 shares, an increase of 17.2% from the September 30th total of 671,600 shares. Based on an average daily volume of 281,900 shares, the days-to-cover ratio is currently 2.8 days. Approximately 2.2% of the shares of the stock are short sold. View Silicon Motion Technology's Current Options Chain.

Who are some of Silicon Motion Technology's key competitors?

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), Marvell Technology Group (MRVL), QUALCOMM (QCOM), Alibaba Group (BABA), Netflix (NFLX), General Electric (GE), Skyworks Solutions (SWKS) and Ambarella (AMBA).

Who are Silicon Motion Technology's key executives?

Silicon Motion Technology's management team includes the folowing people:
  • Mr. Chia-Chang Kou, Founder, Pres, CEO & Director (Age 61)
  • Mr. Riyadh Lai, Chief Financial Officer (Age 50)
  • Mr. Ken Chen, VP of Operations (Age 58)
  • Mr. Chi-Chen Chiang, VP of HR & Admin. and Special Assistant to CEO (Age 52)
  • Mr. Nelson S. Duann, Sr. VP of Marketing & R&D, Mobile Storage and Director (Age 50)

Who are Silicon Motion Technology's major shareholders?

Silicon Motion Technology's stock is owned by a number of of institutional and retail investors. Top institutional investors include Massachusetts Financial Services Co. MA (10.39%), ARGA Investment Management LP (3.51%), Systematic Financial Management LP (1.26%), Peregrine Capital Management LLC (1.04%), Tributary Capital Management LLC (0.90%) and Skyline Asset Management LP (0.52%).

Which major investors are selling Silicon Motion Technology stock?

SIMO stock was sold by a variety of institutional investors in the last quarter, including ARGA Investment Management LP, Tributary Capital Management LLC, Ashfield Capital Partners LLC, Smithfield Trust Co., Envestnet Asset Management Inc., First National Bank of Omaha and BancorpSouth Bank.

Which major investors are buying Silicon Motion Technology stock?

SIMO stock was acquired by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Systematic Financial Management LP, Russell Investments Group Ltd., California Public Employees Retirement System, Skyline Asset Management LP, Naples Global Advisors LLC, Peregrine Capital Management LLC and Great West Life Assurance Co. Can.

How do I buy shares of Silicon Motion Technology?

Shares of SIMO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Silicon Motion Technology's stock price today?

One share of SIMO stock can currently be purchased for approximately $43.42.

How big of a company is Silicon Motion Technology?

Silicon Motion Technology has a market capitalization of $1.57 billion and generates $530.35 million in revenue each year. The semiconductor producer earns $98.07 million in net income (profit) each year or $3.41 on an earnings per share basis. Silicon Motion Technology employs 1,307 workers across the globe.View Additional Information About Silicon Motion Technology.

What is Silicon Motion Technology's official website?

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

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 semiconductor producer can be reached via phone at 886-3552-6888 or via email at [email protected]


MarketBeat Community Rating for Silicon Motion Technology (NASDAQ SIMO)

Community Ranking:  3.2 out of 5 (star star star)
Outperform Votes:  731 (Vote Outperform)
Underperform Votes:  401 (Vote Underperform)
Total Votes:  1,132
MarketBeat's community ratings are surveys of what our community members think about Silicon Motion Technology and other stocks. Vote "Outperform" if you believe SIMO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SIMO will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/22/2019 by MarketBeat.com Staff

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