NASDAQ:SIMOSilicon Motion Technology Stock Price, Forecast & News

$45.07

-0.18 (-0.40 %)

(As of 05/29/2020 04:00 PM ET)

Add

Compare

Today's Range

$44.10

Now: $45.07▼

$45.68

50-Day Range

$41.41

MA: $44.01▼

$49.75

52-Week Range

$26.72

Now: $45.07▼

$53.04

Volume301,606 shs

Average Volume419,920 shs

Market Capitalization$1.65 billion

P/E Ratio19.26

Dividend Yield3.08%

Beta1.26

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.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
Silicon Motion Technology has received a consensus rating of Buy. The company's average rating score is 2.58, and is based on 7 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $53.09, Silicon Motion Technology has a potential upside of 17.8% from its current price of $45.07.
Amount of Analyst Coverage
Silicon Motion Technology has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.2 Community Rank

Outperform Votes
Silicon Motion Technology has received 772 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Silicon Motion Technology has received 433 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Silicon Motion Technology has received 64.07% “outperform” votes from our community.

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.

2.5 Dividend Strength

Dividend Leadership
Silicon Motion Technology is a leading dividend payer. It pays a dividend yield of 3.08%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Silicon Motion Technology has only been increasing its dividend for 4 years.
Dividend Coverage
The dividend payout ratio of Silicon Motion Technology is 76.37 %. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Silicon Motion Technology will have a dividend payout ratio of 44.84 % next year. This indicates that Silicon Motion Technology will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Silicon Motion Technology insiders have not sold or bought any company stock.
Percentage Held by Institutions
69.73% of the stock of Silicon Motion Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Silicon Motion Technology are expected to grow by 8.39% in the coming year, from $2.86 to $3.10 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Silicon Motion Technology is 19.26, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.55.
Price to Earnings Ratio vs. Sector
The P/E ratio of Silicon Motion Technology is 19.26, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 36.33.
Price to Earnings Growth Ratio
Silicon Motion Technology has a PEG Ratio of 2.25. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Silicon Motion Technology has a P/B Ratio of 2.92. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.25 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Semiconductors & related devices

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNASDAQ:SIMO

Previous Symbol

CUSIPN/A

CIK1329394

Webwww.siliconmotion.com

Phone886-3552-6888

Debt

Debt-to-Equity RatioN/A

Current Ratio4.53

Quick Ratio3.73

Price-To-Earnings

Trailing P/E Ratio19.26

Forward P/E Ratio15.76

P/E Growth2.25

Sales & Book Value

Annual Sales$457.25 million

Price / Sales3.60

Cash Flow$2.15 per share

Price / Cash Flow21.01

Book Value$15.46 per share

Price / Book2.92

Profitability

EPS (Most Recent Fiscal Year)$1.82

Net Income$64.40 million

Net Margins16.56%

Return on Equity14.75%

Return on Assets11.81%

Miscellaneous

Employees1,307

Outstanding Shares36,520,000

Market Cap$1.65 billion

Next Earnings Date8/4/2020 (Estimated)

OptionableOptionable

Receive SIMO News and Ratings via Email

Sign-up to receive the latest news and ratings for SIMO and its competitors with MarketBeat's FREE daily newsletter.

Silicon Motion Technology (NASDAQ:SIMO) Frequently Asked Questions

How has Silicon Motion Technology's stock been impacted by COVID-19 (Coronavirus)?

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 shares have increased by 22.5% and is now trading at $45.07. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Silicon Motion Technology?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last year. There are currently 5 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Silicon Motion Technology.

When is Silicon Motion Technology's next earnings date?

Silicon Motion Technology is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Silicon Motion Technology.

How were Silicon Motion Technology's earnings last quarter?

Silicon Motion Technology Corp. (NASDAQ:SIMO) announced its earnings results on Tuesday, April, 28th. The semiconductor producer reported $0.80 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.67 by $0.13. The semiconductor producer earned $132.77 million during the quarter, compared to the consensus estimate of $130.93 million. Silicon Motion Technology had a return on equity of 14.75% and a net margin of 16.56%. The firm's revenue was up 40.2% on a year-over-year basis. During the same period last year, the company earned $0.42 EPS. View Silicon Motion Technology's earnings history.

How often does Silicon Motion Technology pay dividends? What is the dividend yield for Silicon Motion Technology?

Silicon Motion Technology declared a quarterly dividend on Thursday, April 16th. Shareholders of record on Thursday, May 7th will be paid a dividend of $0.35 per share on Thursday, May 21st. This represents a $1.40 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend is Wednesday, May 6th. View Silicon Motion Technology's dividend history.

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

Silicon Motion Technology announced that its board has initiated a share repurchase plan on Wednesday, November 21st 2018, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 15.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its shares are undervalued.

What guidance has Silicon Motion Technology issued on next quarter's earnings?

Silicon Motion Technology updated its second quarter 2020 After-Hours earnings guidance on Tuesday, April, 28th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $133-143 million, compared to the consensus revenue estimate of $132.39 million.

What price target have analysts set for SIMO?

12 Wall Street analysts have issued twelve-month price targets for Silicon Motion Technology's stock. Their forecasts range from $39.00 to $62.00. On average, they expect Silicon Motion Technology's share price to reach $53.09 in the next twelve months. This suggests a possible upside of 17.8% from the stock's current price. View analysts' price targets 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. According to Zacks Investment Research, "Silicon Motion’s third-quarter earnings beat the Zacks Consensus Estimate. However, both top and bottom line declined year over year. Nonetheless, the company provided promising fourth-quarter revenue guidance. Notably, the company’s Open-Channel Shannon SSDs are being commercially deployed in data centers of Alibaba and another “B-A-T customer,” which is a significant milestone. Silicon Motion is anticipated to benefit from adoption of its enterprise and industrial SSD offerings in the days ahead. However, higher sales of lower margined SSD solutions are likely to weigh on margins. Furthermore, uncertain macroeconomic conditions and imposition of tariff owing to the U.S.-China trade war has kept the company’s OEM customers and NAND flash vendors on tenterhooks for quite some time now, which remains a concern." (11/2/2019)
2. Needham & Company LLC analysts commented, "We think some of weakness is due to a pause ahead of WiFi 6 product launches. Our street low estimates are unchanged. The Company also named a permanent CEO replacing the interim CEO. Maintain our OP and our $17 PT." (8/9/2019)

Has Silicon Motion Technology been receiving favorable news coverage?

Press coverage about SIMO stock has been trending very negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Silicon Motion Technology earned a coverage optimism score of -3.4 on InfoTrie's scale. They also gave press 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 immediate future. View the latest news aboutSilicon Motion Technology.

Are investors shorting Silicon Motion Technology?

Silicon Motion Technology saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 111,800 shares, a drop of 41.0% from the April 30th total of 189,600 shares. Based on an average trading volume of 364,200 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the company's stock are sold short. View Silicon Motion Technology's Current Options Chain.

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

Some companies that are related to Silicon Motion Technology include Inphi (IPHI), United Microelectronics (UMC), Cree (CREE), First Solar (FSLR), SUMCO CORP/ADR (SUOPY), Cirrus Logic (CRUS), Cabot Microelectronics (CCMP), Silicon Laboratories (SLAB), Semtech (SMTC), Lattice Semiconductor (LSCC), Power Integrations (POWI), Dialog Semiconductor (DLGNF), BE Semiconductor Industrs (BESIY), Acacia Communications (ACIA) and Viavi Solutions (VIAV). View all competitors.

What other stocks do shareholders of Silicon Motion Technology own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Silicon Motion Technology investors own include NVIDIA (NVDA), Alibaba Group (BABA), Advanced Micro Devices (AMD), Micron Technology (MU), Netflix (NFLX), Marvell Technology Group (MRVL), QUALCOMM (QCOM), Gilead Sciences (GILD), AbbVie (ABBV) and General Electric (GE).

Who are Silicon Motion Technology's key executives?

Silicon Motion Technology's management team includes the following 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. Nelson S. Duann, Sr. VP of Marketing & R&D, Mobile Storage and Director (Age 50)

What is Silicon Motion Technology's stock symbol?

Silicon Motion Technology trades on the NASDAQ under the ticker symbol "SIMO."

Who are Silicon Motion Technology's major shareholders?

Silicon Motion Technology's stock is owned by many different retail and institutional investors. Top institutional investors include Massachusetts Financial Services Co. MA (9.53%), Invesco Ltd. (6.61%), ARGA Investment Management LP (4.40%), Wellington Management Group LLP (2.33%), M&G Investment Management Ltd. (1.73%) and JPMorgan Chase & Co. (1.59%).

Which major investors are selling Silicon Motion Technology stock?

SIMO stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., BlackRock Inc., Wellington Management Group LLP, Invesco Ltd., Massachusetts Financial Services Co. MA, Driehaus Capital Management LLC, M&G Investment Management Ltd., and New York State Common Retirement Fund.

Which major investors are buying Silicon Motion Technology stock?

SIMO stock was bought by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, ARGA Investment Management LP, Tygh Capital Management Inc., Two Sigma Advisers LP, Systematic Financial Management LP, Acadian Asset Management LLC, and Loomis Sayles & Co. L P.

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, Robinhood, Fidelity, and Charles Schwab.

What is Silicon Motion Technology's stock price today?

One share of SIMO stock can currently be purchased for approximately $45.07.

How big of a company is Silicon Motion Technology?

Silicon Motion Technology has a market capitalization of $1.65 billion and generates $457.25 million in revenue each year. The semiconductor producer earns $64.40 million in net income (profit) each year or $1.82 on an earnings per share basis. Silicon Motion Technology employs 1,307 workers across the globe.

What is Silicon Motion Technology's official website?

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

How can I contact Silicon Motion Technology?

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 886-3552-6888 or via email at [email protected]

This page was last updated on 5/31/2020 by MarketBeat.com Staff