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

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$33.55 +0.32 (+0.96 %)
(As of 12/19/2018 07:22 AM ET)
Previous Close$33.23
Today's Range$33.3175 - $34.83
52-Week Range$31.73 - $61.85
Volume478,754 shs
Average Volume327,655 shs
Market Capitalization$1.20 billion
P/E Ratio16.05
Dividend Yield3.58%
Beta0.86
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

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

Debt

Debt-to-Equity RatioN/A
Current Ratio5.91
Quick Ratio4.85

Price-To-Earnings

Trailing P/E Ratio16.05
Forward P/E Ratio11.61
P/E GrowthN/A

Sales & Book Value

Annual Sales$523.40 million
Price / Sales2.31
Cash Flow$2.5188 per share
Price / Cash Flow13.32
Book Value$13.98 per share
Price / Book2.40

Profitability

EPS (Most Recent Fiscal Year)$2.09
Net Income$74.95 million
Net Margins17.10%
Return on Equity17.92%
Return on Assets13.97%

Miscellaneous

Employees1,250
Outstanding Shares36,110,000
Market Cap$1.20 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 quarterly dividend on Monday, October 29th. Investors of record on Friday, November 9th will be paid a dividend of $0.30 per share on Friday, November 23rd. This represents a $1.20 annualized dividend and a yield of 3.58%. The ex-dividend date is Thursday, November 8th. 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 initiated a stock repurchase 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 reacquire up to 15.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

How were Silicon Motion Technology's earnings last quarter?

Silicon Motion Technology Corp. (NASDAQ:SIMO) announced its quarterly earnings results on Tuesday, October, 30th. The semiconductor producer reported $0.95 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 17.10% and a return on equity of 17.92%. The firm's revenue was up 9.0% on a year-over-year basis. During the same period last year, the firm earned $0.57 earnings per share. 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, February 5th 2019. View Earnings Estimates for Silicon Motion Technology.

What price target have analysts set for SIMO?

13 brokerages have issued 1 year target prices for Silicon Motion Technology's stock. Their forecasts range from $34.43 to $65.00. On average, they anticipate Silicon Motion Technology's stock price to reach $54.0358 in the next year. This suggests a possible upside of 61.1% from the stock's current price. View Analyst Price Targets for Silicon Motion Technology.

What is the consensus analysts' recommendation for Silicon Motion Technology?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last year. There are currently 1 sell rating, 4 hold ratings and 8 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, "Shares reacted positively on Wednesday’s announcement, climbing 11.5% on the news of the company’s new $200MM stock buyback authorization. While SIMO didn’t utilize its previous $200MM stock buyback last year – the stock price hovered around $45-$60 levels — we think the company will actively buy shares under the new authorization given the stock’s 24% decline thus far in November and underperformance YTD (down 39% vs SOX down 6%). Theoretically, SIMO could reduce its share count by 15% and add $0.60-$0.67 to next year’s earnings (on the same level of net income). Stock is currently trading at trough P/E ex-cash multiple of 7.3x on 2019 estimates." (11/23/2018)
  • 2. According to Zacks Investment Research, "Silicon Motion’s third-quarter earnings topped Zacks Consensus Estimates. 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. The company also predicts lower than expected sales for full year 2018. 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." (11/15/2018)

Has Silicon Motion Technology been receiving favorable news coverage?

Media coverage about SIMO stock has trended neutral this week, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Silicon Motion Technology earned a daily sentiment score of 0.1 on InfoTrie's scale. They also gave news coverage about the semiconductor producer a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days.

Are investors shorting Silicon Motion Technology?

Silicon Motion Technology saw a drop in short interest in the month of November. As of November 15th, there was short interest totalling 594,546 shares, a drop of 50.9% from the October 31st total of 1,211,225 shares. Based on an average trading volume of 498,850 shares, the days-to-cover ratio is presently 1.2 days. View Silicon Motion Technology's Current Options Chain.

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 60)
  • Mr. Riyadh Lai, Chief Financial Officer (Age 49)
  • Mr. Ken Chen, VP of Operations (Age 57)
  • Mr. Chi-Chen Chiang, VP of HR & Admin. and Special Assistant to CEO (Age 51)
  • 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 institutional and retail investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (7.01%), ARGA Investment Management LP (4.84%), JPMorgan Chase & Co. (3.34%), Northcape Capital Pty Ltd (1.99%), Royce & Associates LP (1.57%) and Janus Henderson Group PLC (1.10%).

Which institutional investors are selling Silicon Motion Technology stock?

SIMO stock was sold by a variety of institutional investors in the last quarter, including William Blair Investment Management LLC, ARGA Investment Management LP, Janus Henderson Group PLC, Tributary Capital Management LLC, Royce & Associates LP, Credit Suisse AG, Point72 Asset Management L.P. and AXA.

Which institutional investors are buying Silicon Motion Technology stock?

SIMO stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Zweig DiMenna Associates LLC, Massachusetts Financial Services Co. MA, Hussman Strategic Advisors Inc., Pendal Group Ltd, Acadian Asset Management LLC, Marshall Wace North America L.P. and EAM Global Investors 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 $33.55.

How big of a company is Silicon Motion Technology?

Silicon Motion Technology has a market capitalization of $1.20 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:  661 (Vote Outperform)
Underperform Votes:  326 (Vote Underperform)
Total Votes:  987
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 12/19/2018 by MarketBeat.com Staff

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