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NASDAQ:SIMOSilicon Motion Technology Stock Price, Forecast & News

$44.29
+0.71 (+1.63 %)
(As of 07/15/2020 04:00 PM ET)
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Today's Range
$42.91
Now: $44.29
$44.80
50-Day Range
$42.90
MA: $45.53
$49.31
52-Week Range
$26.72
Now: $44.29
$53.04
Volume306,500 shs
Average Volume353,879 shs
Market Capitalization$1.62 billion
P/E Ratio18.93
Dividend Yield3.14%
Beta1.25
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: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.08 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustryN/A
Current SymbolNASDAQ:SIMO
CUSIPN/A
Phone886-3552-6888

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$457.25 million
Cash Flow$2.15 per share
Book Value$14.87 per share

Profitability

Net Income$64.40 million

Miscellaneous

Employees1,250
Market Cap$1.62 billion
Next Earnings Date7/29/2020 (Confirmed)
OptionableOptionable

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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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SIMO stock has increased by 20.4% and is now trading at $44.29. 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 Wednesday, July 29th 2020. View our earnings forecast for Silicon Motion Technology.

How can I listen to Silicon Motion Technology's earnings call?

Silicon Motion Technology will be holding an earnings conference call on Wednesday, July 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Silicon Motion Technology's earnings last quarter?

Silicon Motion Technology Corp. (NASDAQ:SIMO) announced its quarterly earnings results on Tuesday, April, 28th. The semiconductor producer reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.13. The semiconductor producer earned $132.77 million during the quarter, compared to analysts' expectations of $130.93 million. Silicon Motion Technology had a return on equity of 14.75% and a net margin of 16.56%. The firm's revenue for the quarter was up 40.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.42 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, April 16th. Stockholders of record on Thursday, May 7th will be paid a dividend of $0.35 per share on Thursday, May 21st. This represents a $1.40 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Wednesday, May 6th. View Silicon Motion Technology's dividend history.

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

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

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

Silicon Motion Technology updated its second quarter 2020 Pre-Market earnings guidance on Tuesday, July, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $133-138 million, compared to the consensus revenue estimate of $139.07 million.

What price target have analysts set for SIMO?

12 equities research analysts have issued twelve-month price objectives for Silicon Motion Technology's stock. Their forecasts range from $39.00 to $62.00. On average, they anticipate Silicon Motion Technology's stock price to reach $53.45 in the next year. This suggests a possible upside of 20.7% 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’s third-quarter earnings beat the Zacks Consensus Estimate. However, both top and bottom line declined year over year. Nonetheless, the company provided promising fourth-quarter revenue guidance. Notably, the company’s Open-Channel Shannon SSDs are being commercially deployed in data centers of Alibaba and another “B-A-T customer,” which is a significant milestone. Silicon Motion is anticipated to benefit from adoption of its enterprise and industrial SSD offerings in the days ahead. However, higher sales of lower margined SSD solutions are likely to weigh on margins. Furthermore, uncertain macroeconomic conditions and imposition of tariff owing to the U.S.-China trade war has kept the company’s OEM customers and NAND flash vendors on tenterhooks for quite some time now, which remains a concern." (11/2/2019)
  • 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?

Media headlines about SIMO stock have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing 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 nearest to five being the most favorable. Silicon Motion Technology earned a media sentiment score of 0.7 on InfoTrie's scale. They also gave media stories about the semiconductor producer a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company'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 decline in short interest during the month of June. As of June 30th, there was short interest totaling 275,700 shares, a decline of 15.0% from the June 15th total of 324,300 shares. Based on an average trading volume of 358,600 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.8% of the company's shares are short sold. View Silicon Motion Technology's Current Options Chain.

Who are some of Silicon Motion Technology's key 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 a variety of institutional and retail investors. Top institutional shareholders include Skyline Asset Management LP (0.41%), Envestnet Asset Management Inc. (0.18%), Diversified Trust Co (0.05%), Mount Yale Investment Advisors LLC (0.01%) and Patriot Financial Group Insurance Agency LLC (0.00%).

Which major investors are selling Silicon Motion Technology stock?

SIMO stock was sold by a variety of institutional investors in the last quarter, including Skyline Asset Management LP, and Patriot Financial Group Insurance Agency LLC.

Which major investors are buying Silicon Motion Technology stock?

SIMO stock was acquired by a variety of institutional investors in the last quarter, including Diversified Trust Co, Envestnet Asset Management Inc., and Mount Yale Investment 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, 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 $44.29.

How big of a company is Silicon Motion Technology?

Silicon Motion Technology has a market capitalization of $1.62 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 7/15/2020 by MarketBeat.com Staff

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