NASDAQ:SIMOSilicon Motion Technology Stock Price, Forecast & News

Silicon Motion Technology's stock was trading at $36.79 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SIMO stock has increased by 31.1% and is now trading at $48.24. View which stocks have been most impacted by Coronavirus.

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.

Silicon Motion Technology is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Silicon Motion Technology.

Silicon Motion Technology Corp. (NASDAQ:SIMO) posted its earnings results on Tuesday, April, 28th. The semiconductor producer reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.13. The semiconductor producer had revenue of $132.77 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 40.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 EPS. View Silicon Motion Technology's earnings history.

Silicon Motion Technology announced a quarterly dividend on Thursday, April 16th. Investors 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 yield of 2.90%. The ex-dividend date is Wednesday, May 6th. View Silicon Motion Technology's dividend history.

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

Silicon Motion Technology updated its second quarter 2020 After-Hours earnings guidance on Tuesday, April, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $133-143 million, compared to the consensus revenue estimate of $132.39 million.

12 equities research analysts have issued 1 year price targets for Silicon Motion Technology's shares. Their forecasts range from $39.00 to $62.00. On average, they anticipate Silicon Motion Technology's share price to reach $53.45 in the next year. This suggests a possible upside of 10.8% from the stock's current price. View analysts' price targets for Silicon Motion Technology.

Headlines about SIMO stock have trended somewhat positive on Saturday, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Silicon Motion Technology earned a media sentiment score of 0.8 on InfoTrie's scale. They also assigned media coverage about the semiconductor producer a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the immediate future. View the latest news about Silicon Motion Technology.

Silicon Motion Technology saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 324,300 shares, an increase of 26.3% from the May 31st total of 256,800 shares. Based on an average trading volume of 398,600 shares, the short-interest ratio is currently 0.8 days. Approximately 0.9% of the shares of the company are short sold. View Silicon Motion Technology's Current Options Chain.

Some companies that are related to Silicon Motion Technology include United Microelectronics (UMC), Cree (CREE), Enphase Energy (ENPH), Inphi (IPHI), First Solar (FSLR), SUMCO CORP/ADR (SUOPY), Silicon Laboratories (SLAB), Cabot Microelectronics (CCMP), Lattice Semiconductor (LSCC), Dialog Semiconductor (DLGNF), Cirrus Logic (CRUS), BE Semiconductor Industrs (BESIY), Power Integrations (POWI), Semtech (SMTC) and AU Optronics (AUOTY). View all competitors.

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).

Silicon Motion Technology trades on the NASDAQ under the ticker symbol "SIMO."

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.

One share of SIMO stock can currently be purchased for approximately $48.24.

Silicon Motion Technology has a market capitalization of $1.76 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.

The official website for Silicon Motion Technology is www.siliconmotion.com.

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]