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NASDAQ:SIMOSilicon Motion Technology Stock Price, Forecast & News

$40.05
-1.57 (-3.77 %)
(As of 08/5/2020 04:00 PM ET)
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Today's Range
$39.76
Now: $40.05▼
$41.35
50-Day Range
$40.31
MA: $44.34▼
$49.31
52-Week Range
$26.72
Now: $40.05▼
$53.04
Volume610,550 shs
Average Volume359,082 shs
Market Capitalization$1.46 billion
P/E Ratio16.76
Dividend Yield3.34%
Beta1.18
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.
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Beat the Market (BTM) Rank™

Analyst Opinion: 3.3Community Rank: 3.2Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.21 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 Ratio5.17
Quick Ratio4.28

Price-To-Earnings

Trailing P/E Ratio16.76
Forward P/E Ratio14.25
P/E Growth1.86

Sales & Book Value

Annual Sales$457.25 million
Price / Sales3.20
Cash Flow$2.05 per share
Price / Cash Flow19.50
Book Value$16.24 per share
Price / Book2.47

Profitability

EPS (Most Recent Fiscal Year)$1.82
Net Income$64.40 million
Net Margins15.71%
Return on Equity14.91%
Return on Assets11.88%

Miscellaneous

Employees1,250
Outstanding Shares36,520,000
Market Cap$1.46 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$40.05
-1.57 (-3.77 %)
(As of 08/5/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 stock has increased by 8.9% and is now trading at $40.05.
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, November 3rd 2020.
View our earnings forecast for Silicon Motion Technology.

How were Silicon Motion Technology's earnings last quarter?

Silicon Motion Technology Corp. (NASDAQ:SIMO) released its quarterly earnings data on Wednesday, July, 29th. The semiconductor producer reported $0.81 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.73 by $0.08. The semiconductor producer earned $136.80 million during the quarter, compared to the consensus estimate of $134.17 million. Silicon Motion Technology had a return on equity of 14.91% and a net margin of 15.71%. The company's revenue for the quarter was up 38.5% on a year-over-year basis. During the same quarter last year, the company posted $0.52 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, July 16th. Shareholders of record on Thursday, August 6th will be given a dividend of $0.35 per share on Thursday, August 20th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Wednesday, August 5th.
View Silicon Motion Technology's dividend history.

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

Silicon Motion Technology declared that its Board of Directors has initiated a stock buyback program on Wednesday, November 21st 2018, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 15.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

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

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.

What price target have analysts set for SIMO?

12 equities research 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 share price to reach $52.73 in the next year. This suggests a possible upside of 31.7% 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 is benefiting from robust uptake of SSD Solutions. High demand for eMMC and UFS controllers courtesy of growing adoption of embedded memory controllers in smartphones is expected to drive growth. The company anticipates gaining from increased PC sales triggered by online learning and work-from-home wave. Further, China’s anticipated economic recovery post lockdown holds promise. Also, growing clout of Shannon SSDs is a positive. The company has positive record of earnings surprises in recent quarters. However, coronavirus crisis-led production delays and supply chain constraints are anticipated to hinder near-term prospects. In fact, the company announced bleak preliminary Q2 results anticipating revenues within the lower half of the prior guided range. Notably, its stock has underperformed the industry on a year-to-date basis." (7/21/2020)
  • 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?

News headlines about SIMO stock have been trending somewhat negative this week, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Silicon Motion Technology earned a news sentiment score of -1.4 on InfoTrie's scale. They also assigned media headlines about the semiconductor producer a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days.
View the latest news about Silicon Motion Technology.

Are investors shorting Silicon Motion Technology?

Silicon Motion Technology saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 282,700 shares, an increase of 17.1% from the July 15th total of 241,500 shares. Based on an average trading volume of 352,200 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.8% of the shares of the 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 SUMCO CORP/ADR (SUOPY), Cabot Microelectronics (CCMP), Silicon Laboratories (SLAB), Lattice Semiconductor (LSCC), Cirrus Logic (CRUS), Semtech (SMTC), Power Integrations (POWI), BE Semiconductor Industrs (BESIY), Dialog Semiconductor (DLGNF), AU Optronics (AUO), AU Optronics (AUOTY), Amkor Technology (AMKR), Viavi Solutions (VIAV), Acacia Communications (ACIA) and Synaptics (SYNA).
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 ARGA Investment Management LP (4.17%), Peregrine Capital Management LLC (0.97%), Tributary Capital Management LLC (0.90%), Russell Investments Group Ltd. (0.77%), M&G Investment Management Ltd. (0.68%) and Skyline Asset Management LP (0.41%).

Which major investors are selling Silicon Motion Technology stock?

SIMO stock was sold by a variety of institutional investors in the last quarter, including M&G Investment Management Ltd., ARGA Investment Management LP, Skyline Asset Management LP, Tygh Capital Management Inc., Peregrine Capital Management LLC, SG Americas Securities LLC, Ashfield Capital Partners LLC, and Foundry Partners LLC.

Which major investors are buying Silicon Motion Technology stock?

SIMO stock was bought by a variety of institutional investors in the last quarter, including Calamos Advisors LLC, Russell Investments Group Ltd., Tributary Capital Management LLC, UBS Group AG, Diversified Trust Co, Envestnet Asset Management Inc., Mount Yale Investment Advisors LLC, and Pitcairn Co..

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 $40.05.

How big of a company is Silicon Motion Technology?

Silicon Motion Technology has a market capitalization of $1.46 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.

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 8/6/2020 by MarketBeat.com Staff
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