NASDAQ:SIMO - Silicon Motion Technology Stock Price, News, & Analysis

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$42.14 -2.44 (-5.47 %)
(As of 10/22/2018 06:00 AM ET)
Previous Close$42.14
Today's Range$42.04 - $45.18
52-Week Range$42.04 - $61.85
Volume619,231 shs
Average Volume385,100 shs
Market Capitalization$1.52 billion
P/E Ratio20.16
Dividend Yield2.82%
Beta0.42
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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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Semiconductors & related devices
Sub-IndustryN/A
SectorComputer and Technology
SymbolNASDAQ:SIMO
CUSIPN/A
Phone852-2307-4768

Debt

Debt-to-Equity RatioN/A
Current Ratio4.95
Quick Ratio4.13

Price-To-Earnings

Trailing P/E Ratio20.16
Forward P/E Ratio13.51
P/E GrowthN/A

Sales & Book Value

Annual Sales$523.40 million
Price / Sales2.91
Cash Flow$2.4950 per share
Price / Cash16.89
Book Value$13.98 per share
Price / Book3.01

Profitability

EPS (Most Recent Fiscal Year)$2.09
Net Income$74.95 million
Net Margins15.28%
Return on Equity15.97%
Return on Assets12.31%

Miscellaneous

Employees1,250
Outstanding Shares36,110,000
Market Cap$1.52 billion

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 Monday, February 26th. Stockholders of record on Thursday, August 9th will be given a dividend of $0.30 per share on Wednesday, August 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Wednesday, August 8th. View Silicon Motion Technology's Dividend History.

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

Silicon Motion Technology declared that its Board of Directors has authorized a share repurchase plan on Tuesday, August 1st 2017, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 13.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its shares are undervalued.

How were Silicon Motion Technology's earnings last quarter?

Silicon Motion Technology Corp. (NASDAQ:SIMO) issued its quarterly earnings results on Tuesday, July, 31st. The semiconductor producer reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.68 by $0.24. The semiconductor producer earned $138.10 million during the quarter, compared to analysts' expectations of $137.80 million. Silicon Motion Technology had a return on equity of 15.97% and a net margin of 15.28%. Silicon Motion Technology's revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the business posted $0.71 EPS. View Silicon Motion Technology's Earnings History.

When is Silicon Motion Technology's next earnings date?

Silicon Motion Technology is scheduled to release their next quarterly earnings announcement on Tuesday, October 30th 2018. View Earnings Estimates for Silicon Motion Technology.

What price target have analysts set for SIMO?

13 brokerages have issued twelve-month target prices for Silicon Motion Technology's stock. Their forecasts range from $45.00 to $68.75. On average, they anticipate Silicon Motion Technology's share price to reach $58.5227 in the next year. This suggests a possible upside of 38.9% from the stock's current price. View Analyst Price Targets for Silicon Motion Technology.

What is the consensus analysts' recommendation for Silicon Motion Technology?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last year. There are currently 1 sell rating, 3 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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, "Silicon Motion is a leading developer of microcontroller ICs for NAND flash storage devices and specialty RF ICs for mobile devices. We believe improving supply of 64-layer 3D NAND is bringing down high NAND prices, which is eventually benefiting Silicon Motion. Additionally, as the company’s Open-Channel NVMe SSD controller enters into production, Client SSD Controller sales are anticipated to increase. Also, acquisitions have supplemented the company's growth initiatives. Rebuilt inventory from company’s NAND flash partners bolstered eMMC controller sales also remains a positive. However, the company faces macroeconomic risks in geographies where the company operates. Intensifying competition in the USB flash drive controller market also remains a major headwind. Notably, shares of the company have underperformed the industry in the past year." (10/8/2018)
  • 2. Needham & Company LLC analysts commented, "We maintain our Buy and $60 PT . SIMO issued 3Q revenue guidance below the Street as a large Chinese hypersacaler pushed out an order for Shannon Systems to 4Q. This is a multi-quarter program so we expect the associated revenue with that project to be shifted into 4Q and carry into early 2019. We don’t believe the project size has changed. Separately, NAND pricing has fallen meaningfully leading to a reacceleration in client SSD attach rates and as a result, SIMO has increased its SSD forecast to at least 30% Y/Y growth vs. 20%. With $10 net cash and nearly $4 EPS next year, we are buyers on weakness." (8/1/2018)

Who are some of Silicon Motion Technology's key competitors?

Who are Silicon Motion Technology's key executives?

Silicon Motion Technology's management team includes the folowing people:
  • Mr. Chia-Chang Kou, Founder, Pres, CEO & Director (Age 60)
  • Mr. Riyadh Lai, Chief Financial Officer (Age 49)
  • Mr. Ken Chen, VP of Operations (Age 57)
  • Mr. Chi-Chen Chiang, VP of HR & Admin. and Special Assistant to CEO (Age 51)
  • Mr. Jason Tsai, Sr. Director of IR and Strategy

Who are Silicon Motion Technology's major shareholders?

Silicon Motion Technology's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Peregrine Capital Management LLC (1.04%), Tributary Capital Management LLC (0.52%), Zweig DiMenna Associates LLC (0.30%) and Fox Run Management L.L.C. (0.03%).

Which major investors are selling Silicon Motion Technology stock?

SIMO stock was sold by a variety of institutional investors in the last quarter, including Tributary Capital Management 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 Zweig DiMenna Associates LLC, Fox Run Management L.L.C. and Peregrine Capital Management 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, Scottrade, Fidelity and Charles Schwab.

What is Silicon Motion Technology's stock price today?

One share of SIMO stock can currently be purchased for approximately $42.14.

How big of a company is Silicon Motion Technology?

Silicon Motion Technology has a market capitalization of $1.52 billion and generates $523.40 million in revenue each year. The semiconductor producer earns $74.95 million in net income (profit) each year or $2.09 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 http://www.siliconmotion.com.

How can I contact Silicon Motion Technology?

Silicon Motion Technology's mailing address is Unit 04-05 27/F 909 Cheung Sha Wan Rd, Kowloon F5, 302. The semiconductor producer can be reached via phone at 852-2307-4768 or via email at [email protected]


MarketBeat Community Rating for Silicon Motion Technology (NASDAQ SIMO)

Community Ranking:  3.4 out of 5 (star star star)
Outperform Votes:  645 (Vote Outperform)
Underperform Votes:  308 (Vote Underperform)
Total Votes:  953
MarketBeat's community ratings are surveys of what our community members think about Silicon Motion Technology and other stocks. Vote "Outperform" if you believe SIMO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SIMO will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/22/2018 by MarketBeat.com Staff

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