Silicon Motion Technology Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last twelve months. There are currently 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Silicon Motion Technology stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SIMO, but not buy additional shares or sell existing shares.
View analyst ratings for Silicon Motion Technology or view top-rated stocks.

8 Wall Street analysts have issued 1-year target prices for Silicon Motion Technology's stock. Their SIMO stock forecasts range from $78.00 to $130.00. On average, they expect Silicon Motion Technology's share price to reach $103.43 in the next year. This suggests a possible upside of 24.5% from the stock's current price.
View analysts' price targets for Silicon Motion Technology or view top-rated stocks among Wall Street analysts.

Silicon Motion Technology's stock was trading at $95.03 at the beginning of 2022. Since then, SIMO stock has decreased by 12.6% and is now trading at $83.10.
View the best growth stocks for 2022 here.

Silicon Motion Technology saw a increase in short interest during the month of May. As of May 31st, there was short interest totaling 694,000 shares, an increase of 38.7% from the May 15th total of 500,300 shares. Based on an average trading volume of 872,800 shares, the days-to-cover ratio is presently 0.8 days. Approximately 2.0% of the company's shares are sold short.
View Silicon Motion Technology's Short Interest.

Silicon Motion Technology is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Silicon Motion Technology.

Silicon Motion Technology Co. (NASDAQ:SIMO) released its quarterly earnings data on Thursday, May, 5th. The semiconductor producer reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.19. The semiconductor producer had revenue of $242 million for the quarter, compared to analyst estimates of $239.46 million. Silicon Motion Technology had a trailing twelve-month return on equity of 33.47% and a net margin of 22.42%. The firm's revenue for the quarter was up 32.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 earnings per share.
View Silicon Motion Technology's earnings history.

Silicon Motion Technology announced a quarterly dividend on Tuesday, April 19th. Investors of record on Thursday, May 12th will be given a dividend of $0.50 per share on Thursday, May 26th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date is Wednesday, May 11th.
View Silicon Motion Technology's dividend history.

Silicon Motion Technology(NASDAQ:SIMO) pays an annual dividend of $1.99 per share and currently has a dividend yield of 2.39%. The dividend payout ratio of Silicon Motion Technology is 31.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Silicon Motion Technology will have a dividend payout ratio of 29.35% next year. This indicates that Silicon Motion Technology will be able to sustain or increase its dividend.
View Silicon Motion Technology's dividend history.

Silicon Motion Technology updated its first quarter 2022 earnings guidance on Friday, April, 22nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $238 M-, compared to the consensus revenue estimate of $232.05 million.

8 employees have rated Silicon Motion Technology CEO Wallace C. Kou on Glassdoor.com. Wallace C. Kou has an approval rating of 76% among Silicon Motion Technology's employees.

Some companies that are related to Silicon Motion Technology include Advantest (ATEYY), Qorvo (QRVO), First Solar (FSLR), Lattice Semiconductor (LSCC), Dialog Semiconductor (DLGNF), AU Optronics (AUOTY), Silicon Laboratories (SLAB), Daqo New Energy (DQ), CMC Materials (CCMP), Tower Semiconductor (TSEM), IPG Photonics (IPGP), Synaptics (SYNA), Sumco (SUOPY), Power Integrations (POWI) and Amkor Technology (AMKR).
View all of SIMO's 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), Gilead Sciences (GILD), Netflix (NFLX), AbbVie (ABBV), QUALCOMM (QCOM), Visa (V) and Marvell Technology (MRVL).

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 Cardinal Capital Management LLC CT (5.38%), Acadian Asset Management LLC (4.28%), Lord Abbett & CO. LLC (3.76%), Baillie Gifford & Co. (2.26%), Bank of America Corp DE (2.09%) and Loomis Sayles & Co. L P (1.95%).

SIMO stock was sold by a variety of institutional investors in the last quarter, including Lazard Asset Management LLC, Wellington Management Group LLP, Arrowstreet Capital Limited Partnership, Lord Abbett & CO. LLC, Hood River Capital Management LLC, Russell Investments Group Ltd., Canada Pension Plan Investment Board, and Cullen Capital Management LLC.

SIMO stock was bought by a variety of institutional investors in the last quarter, including Group One Trading L.P., Assenagon Asset Management S.A., PEAK6 Investments LLC, Qube Research & Technologies Ltd, Massachusetts Financial Services Co. MA, Acadian Asset Management LLC, Baillie Gifford & Co., and Invesco Ltd..

Shares of SIMO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of SIMO stock can currently be purchased for approximately $83.10.

Silicon Motion Technology (NASDAQ:SIMO) has a market capitalization of $2.86 billion and generates $922.10 million in revenue each year. The semiconductor producer earns $200 million in net income (profit) each year or $6.329990 on an earnings per share basis.

Silicon Motion Technology employs 1,434 workers across the globe.

Silicon Motion Technology was founded in 1995.

Silicon Motion Technology's mailing address is 8F-1 NO. 36 TAIYUAN STREET JHUBEI CITY, HSINCHU COUNTY F5, 302. The official website for Silicon Motion Technology is www.siliconmotion.com. The semiconductor producer can be reached via phone at (522) 307-4768, via email at [email protected], or via fax at 852-2307-4368.