Silicon Motion Technology Corporation Company Profile (NASDAQ:SIMO)

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

Silicon Motion Technology Corporation declared a dividend on Tuesday, November 1st. Investors of record on Monday, August 7th will be given a dividend of $0.198 per share on Thursday, August 17th. The ex-dividend date of this dividend is Thursday, August 3rd. View Silicon Motion Technology Corporation's Dividend History.

Silicon Motion Technology Corporation declared that its Board of Directors has initiated a stock repurchase program on Tuesday, August 1st 2017, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 13.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Silicon Motion Technology Corporation (NASDAQ:SIMO) issued its quarterly earnings data on Monday, July, 31st. The company reported $0.69 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.73 by $0.04. The business earned $132.70 million during the quarter, compared to the consensus estimate of $132.92 million. Silicon Motion Technology Corporation had a net margin of 18.91% and a return on equity of 24.24%. The business's quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.86 earnings per share. View Silicon Motion Technology Corporation's Earnings History.

Silicon Motion Technology Corporation is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Silicon Motion Technology Corporation.

14 equities research analysts have issued 1-year target prices for Silicon Motion Technology Corporation's stock. Their forecasts range from $50.00 to $68.75. On average, they expect Silicon Motion Technology Corporation's stock price to reach $56.60 in the next year. View Analyst Ratings for Silicon Motion Technology Corporation.

Here are some recent quotes from research analysts about Silicon Motion Technology Corporation stock:

• 1. Needham & Company LLC analysts commented, "SIMO lowered its 2Q17 revenue range to slightly below" the previous range of $134-$140. The culprit remains ongoing NAND tightness adversely affecting the client SSD segment. Due to the tightness in NAND as a result of the 2D-3D NAND transition, the major flash OEMs are prioritizing enterprise and datacenter allocation over client SSDs, which is driving up the pricing of client SSDs. This phenomenon has been occurring since the beginning of the year and our view that it would begin to loosen starting end of June qrt is not bearing out. Thus, with reduced visibility into 2H17, we are lowering our estimates for Sept and December." (7/7/2017)
• 2. According to Zacks Investment Research, "Silicon Motion continues to benefit from strategic product launches. Additionally, continuing investments on product development will drive growth. The full-year 2017 guidance is positive. We note that the company has underperformed the broader market on a year-to-date basis. Meanwhile, estimates have been stable lately ahead of the Q2 earnings release. The company has positive record of earnings surprises in recent quarters. We expect share price momentum to continue driven by significant improvement in NAND flash supply in second-half 2017. Moreover, strategic product launches and strong commitment toward R&D activities are key catalysts." (7/4/2017)
• 3. Brean Capital analysts commented, "We believe QUIK represents a differentiated investment opportunity in mobile sensor processors. With transition to newer sensor hub products, we remain comfortable with the significant ramp potential ahead. We are encouraged by the company’s initiation of an IP licensing program and now have even higher confidence in our revenue growth forecast. We maintain our Buy rating. Launching FPGA Licensing Effort. QUIK announced a new FPGA IP licensing program (eFPGA), in conjunction with Global Foundry’s FDXcelerator partner program. With a long history of fabless FPGA production and development tool expertise, we believe QUIK represents the natural vendor of merchant eFPGA IP . Given the significant M&A activity in the FPGA segment, we believe the decision to offer eFPGA is very timely and can broaden availability of an increasingly scare IP capability . We believe QUIK’s focus on high volume, low power mobile and IoT applications can support a high royalty revenue opportunity, like comparables CEVA (CEVA-Buy), ARM Holdings and Imagination (IMG.LON-NC). While we expect additional foundries and initial licensing sometime around mid-2017, this announcement increases our confidence in our 2017 revenue growth projection." (12/1/2016)

Some companies that are related to Silicon Motion Technology Corporation include Advanced Energy Industries (AEIS), Tower Semiconductor (TSEM), Sanmina Corporation (SANM), Vishay Intertechnology (VSH), Cree (CREE), Semtech Corporation (SMTC), Mellanox Technologies (MLNX), Rogers Corporation (ROG), Power Integrations (POWI), Cabot Microelectronics Corporation (CCMP), Plexus Corp. (PLXS), Celestica (CLS), Benchmark Electronics (BHE), Inphi Corporation (IPHI), Ambarella (AMBA), MaxLinear (MXL), Diodes Incorporated (DIOD) and Veeco Instruments (VECO).

Silicon Motion Technology Corporation's management team includes the folowing people:

• James Chow, Chairman of the Board
• Wallace C. Kou, President, Chief Executive Officer, Director
• Riyadh Lai, Chief Financial Officer
• Sangwoo Han, Senior Vice President, General Manager - Mobile Communications
• Ken Chen, Vice President - Operations
• Frank Chang, Vice President - Research & Development, Mobile Storage
• Jong Ryul Lee, Vice President - Research & Development, Mobile Communications
• Frank Jucheng Shu, Vice President - Research & Development, SSD System Technology and VCT
• Kevin Yeh, Vice President - Research & Development, Algorithm and Technology
• Jason Chiang, Vice President - Human Resources and Administration, Special Assistant to Chief Executive Officer

Silicon Motion Technology Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include ARGA Investment Management LP (4.89%), Investec Asset Management LTD (4.62%), Lazard Asset Management LLC (4.34%), William Blair Investment Management LLC (2.65%), Teachers Advisors LLC (2.22%) and Northcape Capital Pty Ltd (1.72%). View Institutional Ownership Trends for Silicon Motion Technology Corporation.

Silicon Motion Technology Corporation's stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Goldman Sachs Group Inc., Balyasny Asset Management LLC, Neumeier Poma Investment Counsel LLC, Citigroup Inc., OxFORD Asset Management LLP, Russell Investments Group Ltd. and Lazard Asset Management LLC. View Insider Buying and Selling for Silicon Motion Technology Corporation.

Silicon Motion Technology Corporation's stock was purchased by a variety of institutional investors in the last quarter, including William Blair Investment Management LLC, ARGA Investment Management LP, Investec Asset Management LTD, Janus Henderson Group PLC, Acadian Asset Management LLC, Sloane Robinson LLP, Teachers Advisors LLC and Royce & Associates LP. View Insider Buying and Selling for Silicon Motion Technology Corporation.

Shares of Silicon Motion Technology Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Silicon Motion Technology Corporation stock can currently be purchased for approximately $45.00.