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NASDAQ:SIMO - Silicon Motion Technology Stock Price, Forecast & News

$47.93
-1.05 (-2.14 %)
(As of 12/15/2019 01:38 AM ET)
Today's Range
$47.75
Now: $47.93
$49.11
50-Day Range
$39.28
MA: $43.46
$48.90
52-Week Range
$30.86
Now: $47.93
$49.11
Volume236,633 shs
Average Volume196,994 shs
Market Capitalization$1.73 billion
P/E Ratio14.06
Dividend Yield2.93%
Beta1.11
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$3.87 per share
Book Value$14.74 per share

Profitability

Net Income$98.07 million

Miscellaneous

Employees1,307
Market Cap$1.73 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. Stockholders of record on Thursday, November 7th will be given a dividend of $0.35 per share on Thursday, November 21st. This represents a $1.40 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Wednesday, November 6th. This is a positive change 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 announced that its Board of Directors has initiated a stock buyback plan on Wednesday, November 21st 2018, which permits the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 15.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

How were Silicon Motion Technology's earnings last quarter?

Silicon Motion Technology Corp. (NASDAQ:SIMO) released its earnings results on Tuesday, October, 29th. The semiconductor producer reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.38 by $0.31. The semiconductor producer earned $110.50 million during the quarter, compared to analysts' expectations of $112.08 million. Silicon Motion Technology had a net margin of 13.16% and a return on equity of 13.22%. The company's quarterly revenue was down 20.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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 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 brokerages have issued 12-month price targets for Silicon Motion Technology's shares. Their forecasts range from $39.00 to $58.00. On average, they expect Silicon Motion Technology's share price to reach $49.00 in the next twelve months. This suggests a possible upside of 2.2% 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 trended extremely negative on Sunday, InfoTrie reports. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Silicon Motion Technology earned a daily sentiment score of -5.0 on InfoTrie's scale. They also gave media stories about the semiconductor producer a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the near term. 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 November. As of November 29th, there was short interest totalling 510,000 shares, an increase of 7.2% from the November 14th total of 475,600 shares. Based on an average trading volume of 269,200 shares, the short-interest ratio is currently 1.9 days. Approximately 1.4% of the shares of the stock are sold short. 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), Advanced Micro Devices (AMD), Micron Technology (MU), Marvell Technology Group (MRVL), Netflix (NFLX), QUALCOMM (QCOM), Alibaba Group (BABA), 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 retail and institutional investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (10.39%), ARGA Investment Management LP (3.51%), Point72 Asset Management L.P. (1.46%), Systematic Financial Management LP (1.26%), Peregrine Capital Management LLC (1.04%) and Tributary Capital Management LLC (0.90%).

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, Millennium Management LLC, Tributary Capital Management LLC, Barclays PLC, Ashfield Capital Partners LLC, Smithfield Trust Co., Envestnet Asset Management Inc. and First National Bank of Omaha.

Which major investors are buying Silicon Motion Technology stock?

SIMO stock was purchased by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Point72 Asset Management L.P., Systematic Financial Management LP, Russell Investments Group Ltd., California Public Employees Retirement System, Skyline Asset Management LP, Naples Global Advisors LLC and Peregrine Capital Management LLC.

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 $47.93.

How big of a company is Silicon Motion Technology?

Silicon Motion Technology has a market capitalization of $1.73 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:  735 (Vote Outperform)
Underperform Votes:  406 (Vote Underperform)
Total Votes:  1,141
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 12/15/2019 by MarketBeat.com Staff

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