Silicon Motion Technology Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Silicon Motion Technology stock.
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Wall Street analysts have given Silicon Motion Technology a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Silicon Motion Technology wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Silicon Motion Technology saw a increase in short interest during the month of August. As of August 13th, there was short interest totaling 972,800 shares, an increase of 23.0% from the July 29th total of 791,000 shares. Based on an average daily trading volume, of 335,200 shares, the short-interest ratio is currently 2.9 days. Currently, 2.8% of the company's stock are sold short.
View Silicon Motion Technology's Short Interest.

Silicon Motion Technology is scheduled to release its next quarterly earnings announcement on Monday, November 1st 2021.
View our earnings forecast for Silicon Motion Technology.

Silicon Motion Technology Co. (NASDAQ:SIMO) posted its quarterly earnings data on Thursday, July, 29th. The semiconductor producer reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.11. The semiconductor producer had revenue of $221.10 million for the quarter, compared to the consensus estimate of $203.95 million. Silicon Motion Technology had a net margin of 16.27% and a trailing twelve-month return on equity of 18.30%.
View Silicon Motion Technology's earnings history.

Silicon Motion Technology's stock was trading at $36.79 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SIMO stock has increased by 102.4% and is now trading at $74.48.
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Silicon Motion Technology declared a quarterly dividend on Thursday, July 15th. Shareholders of record on Thursday, August 5th will be paid a dividend of $0.35 per share on Thursday, August 19th. This represents a $1.40 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Wednesday, August 4th.
View Silicon Motion Technology's dividend history.

Silicon Motion Technology pays an annual dividend of $1.39 per share and currently has a dividend yield of 1.90%. Silicon Motion Technology does not yet have a strong track record of dividend growth. The dividend payout ratio of Silicon Motion Technology is 60.96%. 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 20.75% next year. This indicates that Silicon Motion Technology will be able to sustain or increase its dividend.
View Silicon Motion Technology's dividend history.

Silicon Motion Technology updated its FY 2021 earnings guidance on Thursday, August, 5th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $890 million-$917 million, compared to the consensus revenue estimate of $813.78 million.

7 brokerages have issued 12-month price targets for Silicon Motion Technology's stock. Their forecasts range from $46.00 to $120.00. On average, they expect Silicon Motion Technology's share price to reach $94.14 in the next twelve months. This suggests a possible upside of 26.4% from the stock's current price.
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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 First Solar (FSLR), Cree (CREE), Lattice Semiconductor (LSCC), IPG Photonics (IPGP), Synaptics (SYNA), BE Semiconductor Industries (BESIY), Allegro MicroSystems (ALGM), Silicon Laboratories (SLAB), Amkor Technology (AMKR), Power Integrations (POWI), Sumco (SUOPY), Ambarella (AMBA), AU Optronics (AUOTY), Dialog Semiconductor (DLGNF) and Shoals Technologies Group (SHLS).
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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."

Silicon Motion Technology's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Cardinal Capital Management LLC CT (7.64%), Yiheng Capital Management L.P. (5.05%), Westfield Capital Management Co. LP (4.23%), Lazard Asset Management LLC (4.02%), Millennium Management LLC (3.76%) and Lord Abbett & CO. LLC (3.31%).

SIMO stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Rice Hall James & Associates LLC, Bank of America Corp DE, Bank of America Corp DE, Cardinal Capital Management LLC CT, Russell Investments Group Ltd., Morgan Stanley, and Morgan Stanley.

SIMO stock was purchased by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Millennium Management LLC, Yiheng Capital Management L.P., Walleye Trading LLC, PEAK6 Investments LLC, Citadel Advisors LLC, Man Group plc, and Systematic Financial Management LP.

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 $74.48.

Silicon Motion Technology has a market capitalization of $2.60 billion and generates $539.52 million in revenue each year. The semiconductor producer earns $79.75 million in net income (profit) each year or $2.28 on an earnings per share basis.

Silicon Motion Technology employs 2,020 workers across the globe.

Silicon Motion Technology was founded in 1995.

The official website for Silicon Motion Technology is www.siliconmotion.com.

Silicon Motion Technology is headquartered at 8F-1 NO. 36 TAIYUAN STREET JHUBEI CITY, HSINCHU COUNTY F5, 302.

Silicon Motion Technology's mailing address is 8F-1 NO. 36 TAIYUAN STREET JHUBEI CITY, HSINCHU COUNTY F5, 302. The semiconductor producer can be reached via phone at (522) 307-4768 or via email at [email protected].