Silicon Motion Technology - SIMO Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SIMO shares.
View SIMO analyst ratings or view top-rated stocks.

6 Wall Street research analysts have issued 1 year price objectives for Silicon Motion Technology's stock. Their SIMO share price forecasts range from $75.00 to $110.00. On average, they expect the company's share price to reach $103.00 in the next year. This suggests a possible upside of 62.9% 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 2022. Since then, SIMO stock has decreased by 33.5% and is now trading at $63.22.
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Silicon Motion Technology saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 1,190,000 shares, a decrease of 45.9% from the October 31st total of 2,200,000 shares. Based on an average daily volume of 363,400 shares, the short-interest ratio is presently 3.3 days. Currently, 3.5% of the shares of the company are sold short.
View Silicon Motion Technology's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 25th 2023.
View our SIMO earnings forecast.

Silicon Motion Technology Co. (NASDAQ:SIMO) posted its earnings results on Wednesday, October, 27th. The semiconductor producer reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.54 by $0.16. The semiconductor producer had revenue of $254.24 million for the quarter, compared to analyst estimates of $250.45 million. Silicon Motion Technology had a trailing twelve-month return on equity of 32.05% and a net margin of 20.76%. Silicon Motion Technology's revenue for the quarter was up 101.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.70 EPS.

Silicon Motion Technology announced a quarterly dividend on Thursday, July 14th. Stockholders 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 yield of 3.16%. The ex-dividend date 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 3.15%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 32.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SIMO will have a dividend payout ratio of 35.79% 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 variety of institutional and retail investors. Top institutional shareholders include Westchester Capital Management LLC (3.25%), Sand Grove Capital Management LLP (3.03%), Mangrove Partners (2.24%), Grantham Mayo Van Otterloo & Co. LLC (2.17%), State Street Corp (1.94%) and Systematic Financial Management LP (1.55%).

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 $63.22.

Silicon Motion Technology (NASDAQ:SIMO) has a market capitalization of $2.09 billion and generates $922.10 million in revenue each year. The semiconductor producer earns $200 million in net income (profit) each year or $6.17 on an earnings per share basis.

The company employs 1,434 workers across the globe.

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.