Silicon Motion Technology Stock Forecast, Price & News

Silicon Motion Technology's stock was trading at $36.79 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SIMO shares have increased by 3.3% and is now trading at $38.00.
View which stocks have been most impacted by COVID-19.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last year. There are currently 4 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Silicon Motion Technology.

Silicon Motion Technology is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for Silicon Motion Technology.

Silicon Motion Technology Corp. (NASDAQ:SIMO) announced its earnings results on Wednesday, July, 29th. The semiconductor producer reported $0.81 EPS for the quarter, topping the Zacks' consensus estimate of $0.73 by $0.08. The semiconductor producer earned $136.80 million during the quarter, compared to analysts' expectations of $134.17 million. Silicon Motion Technology had a net margin of 15.71% and a return on equity of 14.91%. Silicon Motion Technology's quarterly revenue was up 38.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 earnings per share.
View Silicon Motion Technology's earnings history.

Silicon Motion Technology announced a quarterly dividend on Thursday, July 16th. Investors of record on Thursday, August 6th will be paid a dividend of $0.35 per share on Thursday, August 20th. This represents a $1.40 annualized dividend and a yield of 3.68%. The ex-dividend date is Wednesday, August 5th.
View Silicon Motion Technology's dividend history.

Silicon Motion Technology declared that its board has authorized a share buyback program 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 programs are typically a sign that the company's leadership believes its stock is undervalued.

Silicon Motion Technology updated its third quarter 2020 After-Hours earnings guidance on Wednesday, July, 29th. The company provided EPS guidance of for the period. The company issued revenue guidance of $114-120 million, compared to the consensus revenue estimate of $137.83 million.

11 Wall Street analysts have issued 1 year price targets for Silicon Motion Technology's shares. Their forecasts range from $39.00 to $60.00. On average, they expect Silicon Motion Technology's stock price to reach $52.20 in the next twelve months. This suggests a possible upside of 37.4% from the stock's current price.
View analysts' price targets for Silicon Motion Technology.

Silicon Motion Technology saw a decline in short interest in the month of August. As of August 14th, there was short interest totaling 296,700 shares, a decline of 50.9% from the July 30th total of 603,700 shares. Based on an average trading volume of 336,700 shares, the short-interest ratio is presently 0.9 days. Currently, 0.9% of the shares of the company are short sold.
View Silicon Motion Technology's Short Interest.

Some companies that are related to Silicon Motion Technology include Silicon Laboratories (SLAB), Cabot Microelectronics (CCMP), SUMCO CORP/ADR (SUOPY), AU Optronics (AUO), AU Optronics (AUOTY), Lattice Semiconductor (LSCC), BE Semiconductor Industrs (BESIY), Cirrus Logic (CRUS), Semtech (SMTC), Dialog Semiconductor (DLGNF), Power Integrations (POWI), Acacia Communications (ACIA), Synaptics (SYNA), Amkor Technology (AMKR) and Viavi Solutions (VIAV).
View all competitors.

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), Netflix (NFLX), AbbVie (ABBV), Gilead Sciences (GILD), QUALCOMM (QCOM), Marvell Technology Group (MRVL) and Visa (V).

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

Silicon Motion Technology's stock is owned by a number of retail and institutional investors. Top institutional shareholders include ARGA Investment Management LP (4.17%), Peregrine Capital Management LLC (0.97%), Man Group plc (0.94%), Tributary Capital Management LLC (0.90%), Driehaus Capital Management LLC (0.87%) and Bank of America Corp DE (0.81%).

SIMO stock was sold by a variety of institutional investors in the last quarter, including M&G Investment Management Ltd., FMR LLC, FMR LLC, ARGA Investment Management LP, Skyline Asset Management LP, New York State Common Retirement Fund, Trexquant Investment LP, and Tygh Capital Management Inc..

SIMO stock was acquired by a variety of institutional investors in the last quarter, including Marshall Wace LLP, Driehaus Capital Management LLC, Marshall Wace North America L.P., Man Group plc, Canada Pension Plan Investment Board, Goldman Sachs Group Inc., Calamos Advisors LLC, and US Bancorp DE.

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.

One share of SIMO stock can currently be purchased for approximately $38.00.

Silicon Motion Technology has a market capitalization of $1.39 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 1,250 workers across the globe.

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

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]