Silicon Motion Technology Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last twelve months. There are currently 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Silicon Motion Technology stock. 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.
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8 Wall Street analysts have issued 1 year target prices for Silicon Motion Technology's stock. Their SIMO stock forecasts range from $78.00 to $130.00. On average, they anticipate Silicon Motion Technology's stock price to reach $103.43 in the next year. This suggests a possible upside of 23.6% from the stock's current price.
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Silicon Motion Technology's stock was trading at $95.03 on January 1st, 2022. Since then, SIMO shares have decreased by 11.9% and is now trading at $83.70.
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Silicon Motion Technology is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
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Silicon Motion Technology Co. (NASDAQ:SIMO) issued its quarterly earnings results on Thursday, May, 5th. The semiconductor producer reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.19. The semiconductor producer had revenue of $242 million for the quarter, compared to the consensus estimate of $239.46 million. Silicon Motion Technology had a trailing twelve-month return on equity of 33.47% and a net margin of 22.42%. Silicon Motion Technology's revenue for the quarter was up 32.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 earnings per share.
View Silicon Motion Technology's earnings history.

Silicon Motion Technology announced a quarterly dividend on Tuesday, April 19th. Stockholders of record on Thursday, May 12th will be given a dividend of $0.50 per share on Thursday, May 26th. This represents a $2.00 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Wednesday, May 11th.
View Silicon Motion Technology's dividend history.

Silicon Motion Technology(NASDAQ:SIMO) pays an annual dividend of $1.99 per share and currently has a dividend yield of 2.39%. The dividend payout ratio of Silicon Motion Technology is 31.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Silicon Motion Technology will have a dividend payout ratio of 29.35% next year. This indicates that Silicon Motion Technology will be able to sustain or increase its dividend.
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Silicon Motion Technology updated its first quarter 2022 earnings guidance on Friday, April, 22nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $238 M-, compared to the consensus revenue estimate of $232.05 million.

8 employees have rated Silicon Motion Technology CEO Wallace C. Kou on Glassdoor.com. Wallace C. Kou has an approval rating of 76% among Silicon Motion Technology's employees.

Some companies that are related to Silicon Motion Technology include ASE Technology (ASX), Advantest (ATEYY), Qorvo (QRVO), First Solar (FSLR), Lattice Semiconductor (LSCC), AU Optronics (AUOTY), Dialog Semiconductor (DLGNF), Daqo New Energy (DQ), Silicon Laboratories (SLAB), CMC Materials (CCMP), Tower Semiconductor (TSEM), IPG Photonics (IPGP), Synaptics (SYNA), Sumco (SUOPY) and Power Integrations (POWI).
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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."

Shares of SIMO 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 $83.70.

Silicon Motion Technology (NASDAQ:SIMO) has a market capitalization of $2.88 billion and generates $922.10 million in revenue each year. The semiconductor producer earns $200 million in net income (profit) each year or $6.329990 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 Silicon Motion Technology is www.siliconmotion.com. The semiconductor producer can be reached via phone at (522) 307-4768, via email at [email protected], or via fax at 852-2307-4368.