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NASDAQ:SIMO

Silicon Motion Technology - SIMO Stock Forecast, Price & News

$64.40
-0.17 (-0.26%)
(As of 03/28/2023 12:00 AM ET)
Add
Compare
Today's Range
$62.10
$64.57
50-Day Range
$59.58
$69.75
52-Week Range
$51.82
$98.65
Volume
234,718 shs
Average Volume
397,788 shs
Market Capitalization
$2.13 billion
P/E Ratio
12.50
Dividend Yield
1.55%
Price Target
$103.60

Silicon Motion Technology MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
60.9% Upside
$103.60 Price Target
Short Interest
Bearish
6.56% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.29mentions of Silicon Motion Technology in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
45.27%
From $2.96 to $4.30 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.57 out of 5 stars

Computer And Technology Sector

147th out of 616 stocks

Semiconductors & Related Devices Industry

19th out of 89 stocks


SIMO stock logo

About Silicon Motion Technology (NASDAQ:SIMO) Stock

Silicon Motion Technology Corp. engages in the development, manufacture and supply of semiconductor products for the electronics market. The firm products include Flash Controllers, Storage Solutions, and others. It offers embedded and expandable storage, radio frequency integrated circuits and embedded graphics. The company was founded in November 1995 and is headquartered in Hong Kong.

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SIMO Stock News Headlines

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Silicon Motion (SIMO) Receives a Buy from Bank of America Securities
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Silicon Motion heads north on Needham upgrade
Silicon Motion (SIMO) was upgraded to a Buy Rating at Susquehanna
See More Headlines
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SIMO Company Calendar

Last Earnings
2/07/2023
Today
3/28/2023
Next Earnings (Estimated)
5/04/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:SIMO
Employees
1,434
Year Founded
1995

Price Target and Rating

Average Stock Price Forecast
$103.60
High Stock Price Forecast
$110.00
Low Stock Price Forecast
$85.00
Forecasted Upside/Downside
+63.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$172.51 million
Pretax Margin
22.47%

Debt

Sales & Book Value

Annual Sales
$945.92 million
Cash Flow
$5.64 per share
Book Value
$22.17 per share

Miscellaneous

Free Float
31,281,000
Market Cap
$2.09 billion
Optionable
Optionable
Beta
0.91

Social Links


Key Executives

  • Wallace C. Kou
    President, Chief Executive Officer & Director
  • Ken Chen
    Vice President-Operations
  • Riyadh Lai
    Chief Financial Officer
  • Nelson S. Duann
    Director, Senior Vice President-Marketing, R&D
  • Arthur Yeh
    Vice President-Sales, Asia & Greater China













SIMO Stock - Frequently Asked Questions

Should I buy or sell Silicon Motion Technology stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SIMO shares.
View SIMO analyst ratings
or view top-rated stocks.

What is Silicon Motion Technology's stock price forecast for 2023?

5 equities research analysts have issued twelve-month price targets for Silicon Motion Technology's shares. Their SIMO share price forecasts range from $85.00 to $110.00. On average, they anticipate the company's share price to reach $103.60 in the next year. This suggests a possible upside of 63.6% from the stock's current price.
View analysts price targets for SIMO
or view top-rated stocks among Wall Street analysts.

How have SIMO shares performed in 2023?

Silicon Motion Technology's stock was trading at $64.99 at the beginning of 2023. Since then, SIMO shares have decreased by 2.5% and is now trading at $63.34.
View the best growth stocks for 2023 here
.

Are investors shorting Silicon Motion Technology?

Silicon Motion Technology saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 2,260,000 shares, an increase of 27.7% from the February 28th total of 1,770,000 shares. Based on an average daily trading volume, of 365,900 shares, the short-interest ratio is presently 6.2 days. Approximately 6.6% of the company's stock are short sold.
View Silicon Motion Technology's Short Interest
.

When is Silicon Motion Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our SIMO earnings forecast
.

How were Silicon Motion Technology's earnings last quarter?

Silicon Motion Technology Co. (NASDAQ:SIMO) issued its quarterly earnings results on Tuesday, February, 7th. The semiconductor producer reported $1.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.38 by $0.16. The semiconductor producer had revenue of $200.76 million for the quarter, compared to analyst estimates of $256.71 million. Silicon Motion Technology had a trailing twelve-month return on equity of 25.65% and a net margin of 18.24%. Silicon Motion Technology's revenue was down 24.1% on a year-over-year basis. During the same period last year, the firm earned $1.73 earnings per share.

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 14th. Stockholders of record on Thursday, August 11th will be paid a dividend of $0.50 per share on Thursday, August 25th. This represents a $2.00 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Wednesday, August 10th.
Read our dividend analysis for SIMO
.

What ETFs hold Silicon Motion Technology's stock?
Is Silicon Motion Technology a good dividend stock?

Silicon Motion Technology (NASDAQ:SIMO) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.53%. The dividend payout ratio is 19.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SIMO will have a dividend payout ratio of 23.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SIMO.

What is Wallace C. Kou's approval rating as Silicon Motion Technology's CEO?

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

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), 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).

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 institutional and retail investors. Top institutional investors include Antara Capital LP (0.00%), Millennium Management LLC (3.44%), Morgan Stanley (3.39%), Sand Grove Capital Management LLP (3.21%), Bank of America Corp DE (2.59%) and Group One Trading L.P. (0.00%).

How do I buy shares of Silicon Motion Technology?

Shares of SIMO stock 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.

What is Silicon Motion Technology's stock price today?

One share of SIMO stock can currently be purchased for approximately $63.34.

How much money does Silicon Motion Technology make?

Silicon Motion Technology (NASDAQ:SIMO) has a market capitalization of $2.09 billion and generates $945.92 million in revenue each year. The semiconductor producer earns $172.51 million in net income (profit) each year or $5.15 on an earnings per share basis.

How many employees does Silicon Motion Technology have?

The company employs 1,434 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 COUNTY F5, 302. The official website for the company is www.siliconmotion.com. The semiconductor producer can be reached via phone at (522) 307-4768, via email at ir@siliconmotion.com, or via fax at 852-2307-4368.

This page (NASDAQ:SIMO) was last updated on 3/28/2023 by MarketBeat.com Staff