Silicon Motion Technology - SIMO Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last twelve months. 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.

5 equities research analysts have issued 12 month price targets for Silicon Motion Technology's shares. Their SIMO share price forecasts range from $85.00 to $110.00. On average, they predict the company's share price to reach $103.60 in the next year. This suggests a possible upside of 60.0% from the stock's current price.
View analysts price targets for SIMO or view top-rated stocks among Wall Street analysts.

Silicon Motion Technology's stock was trading at $64.99 at the start of the year. Since then, SIMO shares have decreased by 0.4% and is now trading at $64.75.
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Silicon Motion Technology saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 1,770,000 shares, an increase of 21.2% from the February 13th total of 1,460,000 shares. Based on an average trading volume of 332,600 shares, the days-to-cover ratio is currently 5.3 days. Approximately 5.1% of the company's stock are sold short.
View Silicon Motion Technology's Short Interest.

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

Silicon Motion Technology Co. (NASDAQ:SIMO) issued its 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 the consensus estimate 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%. The firm's revenue was down 24.1% compared to the same quarter last year. During the same period last year, the company earned $1.73 EPS.

Silicon Motion Technology announced a quarterly dividend on Thursday, July 14th. Shareholders 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 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Wednesday, August 10th.
Read our dividend analysis for SIMO.

ETFs with the largest weight of Silicon Motion Technology (NASDAQ:SIMO) stock in their portfolio include Emerge EMPWR Sustainable Emerging Markets Equity ETF (EMCH), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) and Formidable ETF (FORH).Emerge EMPWR Unified Sustainable Equity ETF (EMPW).

Silicon Motion Technology (NASDAQ:SIMO) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.54%. 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.

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.

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 variety of retail and institutional investors. Top institutional shareholders 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%).

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.
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One share of SIMO stock can currently be purchased for approximately $64.75.

Silicon Motion Technology (NASDAQ:SIMO) has a market capitalization of $2.14 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.

The company employs 1,434 workers across the globe.

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.