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 twelve months. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" SIMO shares. 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.
View SIMO analyst ratings or view top-rated stocks.

6 analysts have issued 12-month price targets for Silicon Motion Technology's shares. Their SIMO share price forecasts range from $90.00 to $130.00. On average, they expect the company's share price to reach $106.17 in the next year. This suggests a possible upside of 60.5% 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 on January 1st, 2022. Since then, SIMO shares have decreased by 30.4% and is now trading at $66.16.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our SIMO earnings forecast.

Silicon Motion Technology Co. (NASDAQ:SIMO) posted its quarterly earnings data on Wednesday, October, 27th. The semiconductor producer reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.16. The semiconductor producer earned $254.24 million during the quarter, compared to the consensus estimate of $250.45 million. Silicon Motion Technology had a trailing twelve-month return on equity of 33.80% and a net margin of 21.92%. The company's quarterly revenue was up 101.7% compared to the same quarter last year. During the same period last year, the company earned $0.70 EPS.

Silicon Motion Technology declared a quarterly dividend on Thursday, July 14th. Investors 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 dividend yield of 3.02%. The ex-dividend date of this dividend 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 2.93%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 30.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SIMO will have a dividend payout ratio of 24.21% 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."

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 $66.16.

Silicon Motion Technology (NASDAQ:SIMO) has a market capitalization of $2.19 billion and generates $922.10 million in revenue each year. The semiconductor producer earns $200 million in net income (profit) each year or $6.46 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.