NASDAQ:SIMO - Silicon Motion Technology Stock Price, News, & Analysis

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$35.04 -0.22 (-0.62 %)
(As of 11/18/2018 09:07 AM ET)
Previous Close$35.04
Today's Range$34.88 - $35.78
52-Week Range$34.25 - $61.85
Volume376,395 shs
Average Volume596,960 shs
Market Capitalization$1.27 billion
P/E Ratio16.77
Dividend Yield3.40%
Beta0.95
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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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Semiconductors & related devices
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:SIMO
Previous Symbol
CUSIPN/A
Phone852-2307-4768

Debt

Debt-to-Equity RatioN/A
Current Ratio5.91
Quick Ratio4.85

Price-To-Earnings

Trailing P/E Ratio16.77
Forward P/E Ratio12.12
P/E GrowthN/A

Sales & Book Value

Annual Sales$523.40 million
Price / Sales2.42
Cash Flow$2.4957 per share
Price / Cash14.04
Book Value$16.15 per share
Price / Book2.17

Profitability

EPS (Most Recent Fiscal Year)$2.09
Net Income$74.95 million
Net Margins17.10%
Return on Equity17.92%
Return on Assets13.97%

Miscellaneous

Employees1,250
Outstanding Shares36,110,000
Market Cap$1.27 billion
OptionableOptionable

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, October 29th. Shareholders of record on Friday, November 9th will be paid a dividend of $0.30 per share on Friday, November 23rd. This represents a $1.20 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Thursday, November 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 has approved a stock buyback plan on Tuesday, August 1st 2017, which authorizes the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 13.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its shares are undervalued.

How were Silicon Motion Technology's earnings last quarter?

Silicon Motion Technology Corp. (NASDAQ:SIMO) posted its earnings results on Tuesday, October, 30th. The semiconductor producer reported $0.95 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.88 by $0.07. The semiconductor producer had revenue of $138.60 million for the quarter, compared to analysts' expectations of $137.36 million. Silicon Motion Technology had a return on equity of 17.92% and a net margin of 17.10%. The business's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.57 EPS. View Silicon Motion Technology's Earnings History.

When is Silicon Motion Technology's next earnings date?

Silicon Motion Technology is scheduled to release their next quarterly earnings announcement on Tuesday, February 5th 2019. View Earnings Estimates for Silicon Motion Technology.

What price target have analysts set for SIMO?

14 brokerages have issued 1 year price targets for Silicon Motion Technology's shares. Their forecasts range from $45.00 to $65.00. On average, they anticipate Silicon Motion Technology's share price to reach $56.25 in the next twelve months. This suggests a possible upside of 60.5% from the stock's current price. View Analyst Price Targets for Silicon Motion Technology.

What is the consensus analysts' recommendation for Silicon Motion Technology?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last year. There are currently 1 sell rating, 3 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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’s third-quarter earnings topped Zacks Consensus Estimates. We believe improving supply of 64-layer 3D NAND is bringing down high NAND prices, which is eventually benefiting Silicon Motion. Additionally, as the company’s Open-Channel NVMe SSD controller enters into production, Client SSD Controller sales are anticipated to increase.  However, the company provided tepid fourth quarter guidance. The company also predicts lower than expected sales for full year 2018. Further, The company faces macroeconomic risks like political, economic and social instability along with certain industry-specific regulations in geographies where the company operates. Moreover, intensifying competition in the USB flash drive controller market remains a major concern. Going forward, dip in smartphones sales might prove to be a drag on revenues." (11/15/2018)
  • 2. Needham & Company LLC analysts commented, "We maintain our Buy and $60 PT . SIMO issued 3Q revenue guidance below the Street as a large Chinese hypersacaler pushed out an order for Shannon Systems to 4Q. This is a multi-quarter program so we expect the associated revenue with that project to be shifted into 4Q and carry into early 2019. We don’t believe the project size has changed. Separately, NAND pricing has fallen meaningfully leading to a reacceleration in client SSD attach rates and as a result, SIMO has increased its SSD forecast to at least 30% Y/Y growth vs. 20%. With $10 net cash and nearly $4 EPS next year, we are buyers on weakness." (8/1/2018)

Has Silicon Motion Technology been receiving favorable news coverage?

News coverage about SIMO stock has trended positive this week, InfoTrie Sentiment reports. The research firm scores the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Silicon Motion Technology earned a news impact score of 2.2 on InfoTrie's scale. They also gave news headlines about the semiconductor producer a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the near future.

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

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, Sr. Director of IR and Strategy

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 (7.01%), ARGA Investment Management LP (4.84%), JPMorgan Chase & Co. (3.34%), Northcape Capital Pty Ltd (1.99%), Royce & Associates LP (1.57%) and Janus Henderson Group PLC (1.10%).

Which major investors are selling Silicon Motion Technology stock?

SIMO stock was sold by a variety of institutional investors in the last quarter, including William Blair Investment Management LLC, ARGA Investment Management LP, Janus Henderson Group PLC, Tributary Capital Management LLC, Royce & Associates LP, Credit Suisse AG, Point72 Asset Management L.P. and AXA.

Which major investors are buying Silicon Motion Technology stock?

SIMO stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Zweig DiMenna Associates LLC, Massachusetts Financial Services Co. MA, Hussman Strategic Advisors Inc., Pendal Group Ltd, Acadian Asset Management LLC, EAM Global Investors LLC and Prospect Capital Advisors LLC.

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 $35.04.

How big of a company is Silicon Motion Technology?

Silicon Motion Technology has a market capitalization of $1.27 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 1,250 workers across the globe.

What is Silicon Motion Technology's official website?

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

How can I contact Silicon Motion Technology?

Silicon Motion Technology's mailing address is Unit 04-05 27/F 909 Cheung Sha Wan Rd, Kowloon F5, 302. The semiconductor producer can be reached via phone at 852-2307-4768 or via email at [email protected]


MarketBeat Community Rating for Silicon Motion Technology (NASDAQ SIMO)

Community Ranking:  3.4 out of 5 (star star star)
Outperform Votes:  654 (Vote Outperform)
Underperform Votes:  320 (Vote Underperform)
Total Votes:  974
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.
This page was last updated on 11/18/2018 by MarketBeat.com Staff

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