About Silicon Motion Technology (NASDAQ:SIMO)
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.
Industry, Sector and Symbol
Industry Semiconductors & related devices
Sub-IndustryN/A
SectorComputer and Technology
SymbolNASDAQ:SIMO
CUSIPN/A
Phone886-3552-6888
Debt
Debt-to-Equity RatioN/A
Current Ratio4.22
Quick Ratio3.51
Price-To-Earnings
Trailing P/E Ratio23.83
Forward P/E Ratio16.77
P/E GrowthN/A
Sales & Book Value
Annual Sales$523.40 million
Price / Sales3.44
Cash Flow$2.4955 per share
Price / Cash19.96
Book Value$13.98 per share
Price / Book3.56
Profitability
EPS (Most Recent Fiscal Year)$2.09
Net Income$74.95 million
Net Margins14.17%
Return on Equity14.82%
Return on Assets11.31%
Miscellaneous
Employees1,122
Outstanding Shares36,110,000
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 declared a quarterly dividend on Monday, February 26th. Stockholders of record on Thursday, August 9th will be given a dividend of $0.30 per share on Wednesday, August 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date is Wednesday, August 8th. View Silicon Motion Technology's Dividend History.
How will Silicon Motion Technology's stock buyback program work?
Silicon Motion Technology announced that its Board of Directors has initiated a share buyback plan on Tuesday, August 1st 2017, which authorizes the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 13.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.
How were Silicon Motion Technology's earnings last quarter?
Silicon Motion Technology Corp. (NASDAQ:SIMO) issued its quarterly earnings results on Thursday, April, 26th. The semiconductor producer reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.05. The semiconductor producer had revenue of $130.34 million for the quarter, compared to analyst estimates of $129.28 million. Silicon Motion Technology had a net margin of 14.17% and a return on equity of 14.82%. View Silicon Motion Technology's Earnings History.
When is Silicon Motion Technology's next earnings date?
What price target have analysts set for SIMO?
16 brokerages have issued 1-year price objectives for Silicon Motion Technology's shares. Their predictions range from $45.00 to $68.75. On average, they anticipate Silicon Motion Technology's stock price to reach $56.6731 in the next twelve months. 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. According to Zacks Investment Research, "Silicon Motion provides microcontroller ICs for NAND flash storage devices and specialty RF ICs for mobile devices. Silicon Motion's shares have underperformed the industry in the past year. The company faces macroeconomic risks like political, economic and social instability and certain industry-specific regulations in geographies where the company operates. Intensifying competition in the USB flash drive controller market remains a major headwind. Going forward, dip in smartphones sales might prove to be a drag on the revenues. Nonetheless, the company expects the increase in the availability of 64 layer 3D NAND to bring down high NAND prices, which will eventually improve results. Acquisitions have supplemented the company's growth initiatives. Moreover, rebuilt inventory from company’s NAND flash partners bolstered eMMC controller sales also remains a positive." (6/13/2018)
- 2. Needham & Company LLC analysts commented, "SIMO posted a solid print as NAND supply is rapidly becoming available and we begin to see signs of NAND pricing softening. 64-layer 3D NAND and 72-layer 3D NAND output is leading to modest NAND price reduction, and we expect NAND supply will continue to grow, creating further price declines and hence higher attach rates for client SSDs. SIMO reiterates 5-10% Y/Y annual growth with bias" towards the upper-end driven by client SSDs, datacenter SSD and stable eMMC. Big picture, we like SIMO’s competitive positon as the leading merchant controller supplier in QLC 3D NAND, growing PCIe and NVMe and position in China." (4/27/2018)
Who are some of Silicon Motion Technology's key competitors?
Some companies that are related to Silicon Motion Technology include Semiconductor Manufacturing Int'l (SMI), Cypress Semiconductor (CY), SUMCO Corp/ADR (SUOPY), Monolithic Power Systems (MPWR), Cavium (CAVM), Siliconware Precision Industries (SPIL), First Solar (FSLR), Cree (CREE), Silicon Laboratories (SLAB), Integrated Device Technology (IDTI), Mellanox Technologies (MLNX), AU Optronics (AUO), Advantest (ATEYY), Semtech (SMTC) and Cabot Microelectronics (CCMP).
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, Director of IR and Strategy
Has Silicon Motion Technology been receiving favorable news coverage?
Media headlines about SIMO stock have been trending somewhat positive on Sunday, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Silicon Motion Technology earned a coverage optimism score of 0.15 on Accern's scale. They also assigned news articles about the semiconductor producer an impact score of 45.12 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
Who are Silicon Motion Technology's major shareholders?
Silicon Motion Technology's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (6.72%), ARGA Investment Management LP (5.94%), Cardinal Capital Management LLC CT (4.07%), JPMorgan Chase & Co. (2.20%), Northcape Capital Pty Ltd (2.06%) and Millennium Management LLC (1.96%). View Institutional Ownership Trends for Silicon Motion Technology.
Which major investors are selling Silicon Motion Technology stock?
SIMO stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., JPMorgan Chase & Co., Wells Fargo & Company MN, Cortina Asset Management LLC, Northern Trust Corp, Ashfield Capital Partners LLC, UBS Group AG and Envestnet Asset Management Inc.. View Insider Buying and Selling for Silicon Motion Technology.
Which major investors are buying Silicon Motion Technology stock?
SIMO stock was purchased by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Cardinal Capital Management LLC CT, Millennium Management LLC, Natixis Advisors L.P., Stifel Financial Corp, Denver Investment Advisors LLC, Susquehanna Fundamental Investments LLC and Trexquant Investment LP. View Insider Buying and Selling for Silicon Motion Technology.
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 $49.81.
How big of a company is Silicon Motion Technology?
Silicon Motion Technology has a market capitalization of $1.80 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 1,122 workers across the globe.
How can I contact Silicon Motion Technology?
Silicon Motion Technology's mailing address is 8F-1 NO. 36 TAIYUAN STREET JHUBEI CITY, HSINCHU F5, 302. The semiconductor producer can be reached via phone at 886-3552-6888 or via email at [email protected]
MarketBeat Community Rating for Silicon Motion Technology (SIMO)
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.
