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

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$36.77 +1.63 (+4.64 %)
(As of 01/18/2019 04:00 PM ET)
Previous Close$35.14
Today's Range$35.61 - $37.03
52-Week Range$31.73 - $61.85
Volume844,300 shs
Average Volume412,471 shs
Market Capitalization$1.27 billion
P/E Ratio17.59
Dividend Yield3.39%
Beta0.85
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. The company also provides specialty storage solutions, such as customized enterprise-grade peripheral component interconnect express SSDs; and industrial-grade and commercial-grade single-chip SSDs. In addition, it offers specialty radio frequency integrated circuits (RF ICs), such as mobile TV system-on-chips (SoCs) and low power WiFi SoCs. The company's products are used in smartphones, tablets, digital cameras, camcorders, and desktop and notebook PCs, as well as in industrial, enterprise, commercial, and other applications. It offers its controllers under the SMI brand; enterprise-grade SSDs under the Shannon brand; single-chip industrial-grade SSDs under the Ferri SSD and Ferri-eMMC brands; RF ICs under the FCI brand; and software-defined storage products under the Bigtera brand. The company markets and sells its products through direct sales personnel and independent electronics distributors to flash manufacturers, original equipment manufacturers, and module makers. Silicon Motion Technology Corporation was founded in 1995 and is based in Kowloon, Hong Kong.

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Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:SIMO
CUSIPN/A
Phone852-2307-4768

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$523.40 million
Cash Flow$2.6115 per share
Book Value$13.98 per share

Profitability

Net Income$74.95 million

Miscellaneous

Employees1,250
Market Cap$1.27 billion
OptionableOptionable

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 announced a special dividend on Thursday, December 27th. Stockholders of record on Friday, February 15th will be given a dividend of $0.30 per share on Wednesday, February 27th. This represents a dividend yield of 3.41%. The ex-dividend date is Thursday, February 14th. This is a positive change from Silicon Motion Technology's previous special dividend of $0.15. View Silicon Motion Technology's Dividend History.

How will Silicon Motion Technology's stock buyback program work?

Silicon Motion Technology declared that its Board of Directors has approved a share buyback program on Wednesday, November 21st 2018, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 15.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board 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, 30th. The semiconductor producer reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.07. The semiconductor producer earned $138.60 million during the quarter, compared to analyst estimates of $137.36 million. Silicon Motion Technology had a return on equity of 17.92% and a net margin of 17.10%. Silicon Motion Technology's revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.57 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, January 29th 2019. View Earnings Estimates for Silicon Motion Technology.

What price target have analysts set for SIMO?

11 Wall Street analysts have issued 1 year price targets for Silicon Motion Technology's stock. Their predictions range from $34.43 to $63.00. On average, they expect Silicon Motion Technology's stock price to reach $52.7430 in the next year. This suggests a possible upside of 43.4% 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 2 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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. Needham & Company LLC analysts commented, "We are lowering our 2019 ests based on our view that the China handset market will decline for a 2nd straight year. After falling significantly in 2018, we expect the overall China handset market to decline 10-15% Y/Y on a unit basis. SIMO addresses nearly a quarter of the smartphone market through its eMMC/ UFS solutions, and sells to the top 10 Chinese OEM,s thus its eMMC business is a good indicator of the dynamics of the smartphone market. We are forecasting eMMC (35-40% of sales) to decline 15% in ’19. We maintain the Buy as we believe the attach rates for client SSDs (~40% of sales) will continue to accelerate as NAND pricing declines rapidly throughout ’19. Moreover, we believe SIMO will utilize its $200MM stock buyback authorization to create a floor under the stock." (1/17/2019)
  • 2. According to Zacks Investment Research, "Silicon Motion is a developer of microcontroller ICs for NAND flash storage devices. We believe improving supply of 64-layer 3D NAND is bringing down high NAND prices, which is eventually benefiting Silicon Motion. Additionally, as the company’s Open-Channel NVMe SSD controller enters into production, Client SSD Controller sales are anticipated to increase. However, the company provided tepid fourth quarter guidance. Further, the company faces macroeconomic risks like political, economic and social instability along with certain industry-specific regulations in geographies where the company operates. Moreover, intensifying competition in the USB flash drive controller market remains a major concern. Going forward, dip in smartphones sales might prove to be a drag on revenues." (1/2/2019)

Has Silicon Motion Technology been receiving favorable news coverage?

Media coverage about SIMO stock has trended positive this week, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Silicon Motion Technology earned a daily sentiment score of 2.8 on InfoTrie's scale. They also gave news stories about the semiconductor producer a news buzz of 5.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the company's share price in the next several days.

Who are some of Silicon Motion Technology's key competitors?

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. Jason Tsai, Sr. Director of IR and Strategy

Who are Silicon Motion Technology's major shareholders?

Silicon Motion Technology's stock is owned by many different of retail and institutional investors. Top institutional investors include Peregrine Capital Management LLC (1.03%).

Which major investors are selling Silicon Motion Technology stock?

SIMO stock was sold by a variety of institutional investors in the last quarter, including 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, Scottrade, Fidelity and Charles Schwab.

What is Silicon Motion Technology's stock price today?

One share of SIMO stock can currently be purchased for approximately $36.77.

How big of a company is Silicon Motion Technology?

Silicon Motion Technology has a market capitalization of $1.27 billion and generates $523.40 million in revenue each year. The semiconductor producer earns $74.95 million in net income (profit) each year or $2.09 on an earnings per share basis. Silicon Motion Technology employs 1,250 workers across the globe.

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 Unit 04-05 27/F 909 Cheung Sha Wan Rd, Kowloon F5, 302. The semiconductor producer can be reached via phone at 852-2307-4768 or via email at [email protected]


MarketBeat Community Rating for Silicon Motion Technology (NASDAQ SIMO)

Community Ranking:  3.3 out of 5 (star star star)
Outperform Votes:  665 (Vote Outperform)
Underperform Votes:  331 (Vote Underperform)
Total Votes:  996
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 1/19/2019 by MarketBeat.com Staff

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