Silicon Motion Technology - SIMO Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last year. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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.

7 Wall Street analysts have issued twelve-month target prices for Silicon Motion Technology's shares. Their SIMO stock forecasts range from $78.00 to $130.00. On average, they anticipate the company's share price to reach $102.14 in the next twelve months. This suggests a possible upside of 26.3% from the stock's current price.
View analysts price targets for SIMO or view top-rated stocks among Wall Street analysts.

Silicon Motion Technology's stock was trading at $95.03 at the beginning of the year. Since then, SIMO stock has decreased by 14.9% and is now trading at $80.86.
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Silicon Motion Technology is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our SIMO earnings forecast.

Silicon Motion Technology Co. (NASDAQ:SIMO) announced its quarterly earnings results on Wednesday, October, 27th. The semiconductor producer reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.16. The semiconductor producer had revenue of $254.24 million for the quarter, compared to analysts' expectations 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%. Silicon Motion Technology's revenue was up 101.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 earnings per share.

Silicon Motion Technology declared a quarterly dividend on Thursday, July 14th. Shareholders of record on Thursday, August 11th will be paid a dividend of $0.50 per share on Thursday, August 25th. This represents a $2.00 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend is Wednesday, August 10th.
Read our dividend analysis for SIMO.

Silicon Motion Technology (NASDAQ:SIMO) pays an annual dividend of $1.99 per share and currently has a dividend yield of 2.47%. 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 25.71% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SIMO.

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.

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).

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

Silicon Motion Technology's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (2.07%), Hodges Capital Management Inc. (0.65%), Russell Investments Group Ltd. (0.58%), Peregrine Capital Management LLC (0.37%), Crossmark Global Holdings Inc. (0.31%) and Janney Montgomery Scott LLC (0.20%).

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.
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One share of SIMO stock can currently be purchased for approximately $80.86.

Silicon Motion Technology (NASDAQ:SIMO) has a market capitalization of $2.67 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.

Silicon Motion Technology employs 1,434 workers across the globe.

Silicon Motion Technology was founded in 1995.

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.