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NASDAQ:SIMO

Silicon Motion Technology - SIMO Stock Forecast, Price & News

$64.96
-2.86 (-4.22%)
(As of 09/30/2022 03:38 PM ET)
Add
Compare
Today's Range
$64.91
$68.00
50-Day Range
$67.02
$86.44
52-Week Range
$64.41
$98.65
Volume
14,108 shs
Average Volume
359,948 shs
Market Capitalization
$2.15 billion
P/E Ratio
10.06
Dividend Yield
2.93%
Price Target
$106.17

Silicon Motion Technology MarketRank™ Forecast

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
60.9% Upside
$106.17 Price Target
Short Interest
Healthy
3.63% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.88mentions of Silicon Motion Technology in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
18.61%
From $6.93 to $8.22 Per Share

Overall MarketRank

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

2.82 out of 5 stars

Computer And Technology Sector

122nd out of 650 stocks

Semiconductors & Related Devices Industry

19th out of 97 stocks

SIMO stock logo

About Silicon Motion Technology (NASDAQ:SIMO) Stock

Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. It 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 Ferri SSD, 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, South Korea, China, Malaysia, Singapore, and internationally. Silicon Motion Technology Corporation was founded in 1995 and is based in Hong Kong, Hong Kong.

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SIMO Stock News Headlines

The $193 Billion US-China War You Don't Know About
They're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.
SIMO Silicon Motion Technology Corporation
Hot M&A Catch-Up: Twitter, Adobe, Silicon Motion
Silicon Motion Technology Becomes Oversold
The $193 Billion US-China War You Don't Know About
They're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.
SIMO vs. NVMI: Which Stock Is the Better Value Option?
Silicon Motion Announces MonTitan(TM)
Making Sense Of MaxLinear's Bid For Silicon Motion
See More Headlines
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SIMO Company Calendar

Last Earnings
10/27/2021
Ex-Dividend for 8/25 Dividend
8/10/2022
Dividend Payable
8/25/2022
Today
9/30/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:SIMO
Employees
1,434
Year Founded
1995

Price Target and Rating

Average Stock Price Forecast
$106.17
High Stock Price Forecast
$130.00
Low Stock Price Forecast
$90.00
Forecasted Upside/Downside
+63.4%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Net Income
$200 million
Pretax Margin
27.21%

Debt

Sales & Book Value

Annual Sales
$922.10 million
Cash Flow
$5.95 per share
Book Value
$18.83 per share

Miscellaneous

Free Float
31,281,000
Market Cap
$2.15 billion
Optionable
Optionable
Beta
0.99

Social Links


Key Executives

  • Mr. Chia-Chang Kou (Age 64)
    Founder, Pres, CEO, MD & Director
  • Mr. Riyadh Lai (Age 53)
    Chief Financial Officer
  • Mr. Ken Chen (Age 61)
    VP of Operations
  • Mr. Kevin Yeh (Age 58)
    VP of R&D, Algorithm and Technology
  • Mr. Christopher A. Chaney
    Director of Investor Relations & Strategy
  • Mr. Arthur Yeh (Age 61)
    VP of Sales, Asia & Greater China
  • Mr. Nelson S. Duann (Age 53)
    Sr. VP of Marketing & R&D and Director
  • Mr. Robert C. Fan (Age 58)
    Pres of SMI USA
  • Ms. Michelle Lin
    VP of Fin. & Corp. Controller













SIMO Stock - Frequently Asked Questions

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

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last twelve months. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" SIMO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SIMO, but not buy additional shares or sell existing shares.
View SIMO analyst ratings
or view top-rated stocks.

What is Silicon Motion Technology's stock price forecast for 2022?

6 analysts have issued 12-month price targets for Silicon Motion Technology's shares. Their SIMO share price forecasts range from $90.00 to $130.00. On average, they expect the company's share price to reach $106.17 in the next year. This suggests a possible upside of 60.5% 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 2022?

Silicon Motion Technology's stock was trading at $95.03 on January 1st, 2022. Since then, SIMO shares have decreased by 30.4% and is now trading at $66.16.
View the best growth stocks for 2022 here
.

When is Silicon Motion Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our SIMO earnings forecast
.

How were Silicon Motion Technology's earnings last quarter?

Silicon Motion Technology Co. (NASDAQ:SIMO) posted its quarterly earnings data on Wednesday, October, 27th. The semiconductor producer reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.16. The semiconductor producer earned $254.24 million during the quarter, compared to the consensus estimate of $250.45 million. Silicon Motion Technology had a trailing twelve-month return on equity of 33.80% and a net margin of 21.92%. The company's quarterly revenue was up 101.7% compared to the same quarter last year. During the same period last year, the company earned $0.70 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 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 3.02%. The ex-dividend date of this dividend is Wednesday, August 10th.
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 2.93%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 30.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SIMO will have a dividend payout ratio of 24.21% 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."

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 $66.16.

How much money does Silicon Motion Technology make?

Silicon Motion Technology (NASDAQ:SIMO) has a market capitalization of $2.19 billion and generates $922.10 million in revenue each year. The semiconductor producer earns $200 million in net income (profit) each year or $6.46 on an earnings per share basis.

How many employees does Silicon Motion Technology have?

The company employs 1,434 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 9/30/2022 by MarketBeat.com Staff

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