About Silicon Motion Technology (NASDAQ:SIMO)
Silicon Motion Technology Corporation is a fabless semiconductor company. The Company designs, develops and markets low-power semiconductor solutions to original equipment manufacturers (OEMs) and other customers in the mobile storage and mobile communications markets. It is engaged in developing negative-AND (NAND) flash controller integrated circuits (ICs) for solid-state storage devices and specialty radio frequency (RF) ICs for mobile devices. In the mobile storage market, the Company's products are controllers used in embedded storage products, such as Solid State Drives (SSDs), and Embedded Multimedia Cards (eMMCs), as well as expandable storage products, such as flash memory cards and universal serial bus (USB) flash drives. For the mobile communications market, the Company's products are handset transceivers and mobile television (TV) System on Chips (SoCs). The Company's products are used in devices, such as smartphones, tablets and personal computers (PCs).
Industry, Sector and Symbol
Trailing P/E Ratio21.6972196981716
Forward P/E Ratio15.20
Sales & Book Value
Annual Sales$523.40 million
Price / Sales3.05
Cash Flow$2.19 per share
Price / Cash20.58
Book Value$13.99 per share
Price / Book3.23
Net Income$75.03 million
Return on Equity7.85%
Return on Assets5.94%
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 announced a quarterly dividend on Friday, February 16th. Stockholders of record on Thursday, May 10th will be paid a dividend of $0.30 per share on Wednesday, May 23rd. This represents a $1.20 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend is Wednesday, May 9th. 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 authorized a stock buyback plan on Tuesday, August 1st 2017, which allows the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 13.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its stock is undervalued.
How were Silicon Motion Technology's earnings last quarter?
Silicon Motion Technology Corp. (NASDAQ:SIMO) announced its quarterly earnings data on Friday, October, 27th. The semiconductor producer reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.01. The semiconductor producer had revenue of $127.20 million for the quarter, compared to the consensus estimate of $127.24 million. Silicon Motion Technology had a return on equity of 7.85% and a net margin of 7.27%. The firm's revenue for the quarter was down 19.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.07 EPS. View Silicon Motion Technology's Earnings History.
When will Silicon Motion Technology make its next earnings announcement?
Where is Silicon Motion Technology's stock going? Where will Silicon Motion Technology's stock price be in 2018?
13 analysts have issued 1 year target prices for Silicon Motion Technology's stock. Their predictions range from $45.00 to $68.75. On average, they expect Silicon Motion Technology's share price to reach $56.56 in the next twelve months. 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, "Although, Silicon Motion’s fourth-quarter top and bottom line surpassed the Zacks Consensus Estimates, it however declined on a year over year basis. Going forward, first-quarter sales guidance was also tepid due to falling NAND prices and seasonal decline in SSD solutions. Operating margin is also expected to decline due to higher spending on research and development in the first-quarter. The company faces macroeconomic risks like political, economic and social instability and certain industry-specific regulations in geographies where the company operates. Further, intensifying competition in the USB flash drive controller market remains a major headwind. Going forward, dip in smartphones sales will prove to be a drag on the revenues. Nonetheless, the company expects the increase in the availability of 64 layer 3D NAND to bring down high NAND prices, which will eventually improve results." (2/12/2018)
- 2. Needham & Company LLC analysts commented, "While SIMO came roughly in-line this quarter, the 4Q17 guide was light. We continue to believe that SIMO’s SSD business is set for a rebound in 4Q17 and throughout 2018 but note that the current high NAND pricing environment could slow its Client SSD ramp as the business is sensitive to NAND prices. Despite the short term headwinds we see a number of drivers in 4Q17 and beyond: market leader in Client SSDs – we expect growth of ~38% Y/Y in 2018 as next gen 3D NAND come online and PCIe NVMe opening up new opportunities, still early in the HDD-> SSD transition, and strong/stable relations with SK Hynix means low risk towards ~30% total market share in eMMC." (10/27/2017)
- 3. B. Riley analysts commented, "We nudge our estimates higher to better align with the company’s strong preliminary results relative to guidance. As such, we increase projected Q3 revenue and EPS from $125.5MM/$0.57 to $126.4MM/$0.58, and with some revenue and earnings follow through into Q4 and FY ‘18e and ‘19e as well." (10/25/2017)
Who are some of Silicon Motion Technology's key competitors?
Some companies that are related to Silicon Motion Technology include Tower Semiconductor (TSEM), Rogers (ROG), Vishay Intertechnology (VSH), Advanced Energy Industries (AEIS), Cabot Microelectronics (CCMP), Spansion (CODE), Semtech (SMTC), Plexus (PLXS), Power Integrations (POWI), Sanmina (SANM), Ambarella (AMBA), MaxLinear (MXL), Celestica (CLS), Benchmark Electronics (BHE), Diodes (DIOD), Himax Technologies (HIMX), Inphi (IPHI) and Vicor (VICR).
Who are Silicon Motion Technology's key executives?
Silicon Motion Technology's management team includes the folowing people:
- James Chow, Chairman of the Board
- Wallace C. Kou, President, Chief Executive Officer, Director
- Riyadh Lai, Chief Financial Officer
- Sangwoo Han, Senior Vice President, General Manager - Mobile Communications
- Ken Chen, Vice President - Operations
- Frank Chang, Vice President - Research & Development, Mobile Storage
- Jong Ryul Lee, Vice President - Research & Development, Mobile Communications
- Frank Jucheng Shu, Vice President - Research & Development, SSD System Technology and VCT
- Kevin Yeh, Vice President - Research & Development, Algorithm and Technology
- Jason Chiang, Vice President - Human Resources and Administration, Special Assistant to Chief Executive Officer
Who owns Silicon Motion Technology stock?
Silicon Motion Technology's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Lazard Asset Management LLC (6.18%), ARGA Investment Management LP (5.91%), Investec Asset Management LTD (4.47%), Cardinal Capital Management LLC CT (3.56%), Park West Asset Management LLC (3.24%) and Royce & Associates LP (2.18%). View Institutional Ownership Trends for Silicon Motion Technology.
Who sold Silicon Motion Technology stock? Who is selling Silicon Motion Technology stock?
Silicon Motion Technology's stock was sold by a variety of institutional investors in the last quarter, including Investec Asset Management LTD, Peregrine Capital Management LLC, Wells Fargo & Company MN, Royce & Associates LP, Suffolk Capital Management LLC, Baird Financial Group Inc., Tributary Capital Management LLC and William Blair Investment Management LLC. View Insider Buying and Selling for Silicon Motion Technology.
Who bought Silicon Motion Technology stock? Who is buying Silicon Motion Technology stock?
Silicon Motion Technology's stock was purchased by a variety of institutional investors in the last quarter, including Driehaus Capital Management LLC, Park West Asset Management LLC, Sylebra HK Co Ltd, ARGA Investment Management LP, Millennium Management LLC, Two Sigma Investments LP, State of Tennessee Treasury Department and Cardinal Capital Management LLC CT. View Insider Buying and Selling for Silicon Motion Technology.
How do I buy Silicon Motion Technology stock?
Shares of Silicon Motion Technology 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 Silicon Motion Technology stock can currently be purchased for approximately $45.13.
How big of a company is Silicon Motion Technology?
Silicon Motion Technology has a market capitalization of $1.59 billion and generates $523.40 million in revenue each year. The semiconductor producer earns $75.03 million in net income (profit) each year or $2.08 on an earnings per share basis. Silicon Motion Technology employs 1,122 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 F5, 302. The semiconductor producer can be reached via phone at 886-3552-6888 or via email at [email protected]
MarketBeat Community Rating for Silicon Motion Technology (SIMO)MarketBeat's community ratings are surveys of what our community members think about Silicon Motion Technology and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Silicon Motion Technology (NASDAQ:SIMO) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||2.77||2.77||2.77||2.64|
|Ratings Breakdown: ||1 Sell Rating(s)|
1 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
1 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
3 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
3 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$56.56||$57.06||$57.67||$56.60|
|Price Target Upside: ||24.12% upside||23.81% upside||22.02% upside||36.05% upside|
Silicon Motion Technology (NASDAQ:SIMO) Consensus Price Target History
Silicon Motion Technology (NASDAQ:SIMO) Analyst Ratings History
(Data available from 2/25/2016 forward)
Silicon Motion Technology (NASDAQ:SIMO) Earnings History and Estimates Chart
Silicon Motion Technology (NASDAQ SIMO) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/27/2017||9/30/2017||$0.56||$0.57||$127.24 million||$127.20 million||View||N/A|
|7/31/2017||6/30/2017||$0.73||$0.69||$132.92 million||$132.70 million||View||N/A|
|4/27/2017||Q1 2017||$0.57||$0.66||$125.96 million||$127.29 million||View||N/A|
|1/23/2017||12/31/2016||$0.89||$0.95||$141.72 million||$144.20 million||View||Listen|
|10/27/2016||Q3||$0.94||$1.07||$149.16 million||$158.60 million||View||Listen|
|7/21/2016||Q2||$0.76||$0.86||$139.20 million||$140.69 million||View||Listen|
|4/27/2016||Q116||$0.65||$0.68||$106.23 million||$112.68 million||View||Listen|
|1/28/2016||Q4||$0.56||$0.55||$96.78 million||$98.04 million||View||Listen|
|10/28/2015||Q315||$0.40||$0.57||$93.80 million||$95.40 million||View||Listen|
|7/27/2015||Q215||$0.50||$0.51||$86.29 million||$87.21 million||View||Listen|
|4/27/2015||Q115||$0.44||$0.48||$79.70 million||$80.60 million||View||Listen|
|1/26/2015||Q414||$0.46||$0.48||$80.60 million||$80.50 million||View||Listen|
|10/29/2014||Q314||$0.54||$0.57||$81.40 million||$86.60 million||View||Listen|
|7/28/2014||Q214||$0.32||$0.41||$62.90 million||$69.41 million||View||Listen|
|4/28/2014||Q114||$0.19||$0.16||$50.57 million||$52.85 million||View||Listen|
|1/28/2014||Q413||$0.21||$0.30||$51.82 million||$52.49 million||View||Listen|
|10/25/2013||Q313||$0.23||$0.32||$57.99 million||$57.13 million||View||Listen|
|7/29/2013||Q2 2013||$0.26||$0.27||$58.46 million||$58.32 million||View||Listen|
|4/25/2013||Q1 2013||$0.22||$0.17||$56.66 million||$57.37 million||View||Listen|
|2/4/2013||Q4 2012||$0.38||$0.36||$72.57 million||$70.61 million||View||Listen|
|10/24/2012||Q312||$0.46||$0.54||$74.44 million||$77.10 million||View||N/A|
Silicon Motion Technology (NASDAQ:SIMO) Earnings Estimates
2018 EPS Consensus Estimate: $2.98
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Silicon Motion Technology (NASDAQ:SIMO) Dividend Information
|Payout Ratio:||47.60% (Trailing 12 Months of Earnings) |
33.33% (Based on This Year's Estimates)
27.50% (Based on Next Year's Estimates)
Silicon Motion Technology (NASDAQ:SIMO) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for Silicon Motion Technology (NASDAQ SIMO)
No insider trades for this company have been tracked by MarketBeat.com
Silicon Motion Technology (NASDAQ SIMO) News Headlines
Silicon Motion Technology (NASDAQ:SIMO) SEC Filings
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Silicon Motion Technology (NASDAQ:SIMO) Income Statement, Balance Sheet and Cash Flow Statement
Silicon Motion Technology (NASDAQ SIMO) Stock Chart for Sunday, February, 25, 2018