NASDAQ:SIMO - Silicon Motion Technology Stock Price, Price Target & More

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

Silicon Motion Technology declared a quarterly dividend on Monday, February 26th. Shareholders of record on Thursday, August 9th will be paid a dividend of $0.30 per share on Wednesday, August 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Wednesday, August 8th. View Silicon Motion Technology's Dividend History.

Silicon Motion Technology announced that its Board of Directors has approved a stock repurchase program on Tuesday, August 1st 2017, which permits the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 13.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its stock is undervalued.

Silicon Motion Technology Corp. (NASDAQ:SIMO) issued its quarterly earnings results on Friday, October, 27th. The semiconductor producer reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.01. The semiconductor producer earned $127.20 million during the quarter, compared to analyst estimates of $127.24 million. Silicon Motion Technology had a return on equity of 14.82% and a net margin of 14.17%. The company's revenue for the quarter was down 19.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.07 EPS. View Silicon Motion Technology's Earnings History.

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

15 brokerages have issued 12 month price targets for Silicon Motion Technology's shares. Their forecasts range from $45.00 to $68.75. On average, they expect Silicon Motion Technology's stock price to reach $56.9792 in the next year. View Analyst Ratings for Silicon Motion Technology.

Some companies that are related to Silicon Motion Technology include UMC (UMC), Semiconductor Manufacturing International (SMI), Cypress Semiconductor (CY), Cavium (CAVM), Monolithic Power Systems (MPWR), Siliconware Precision Industries (SPIL), Cree (CREE), Silicon Labs (SLAB), Mellanox Technologies (MLNX), Advantest (ATEYY), Integrated Device Technology (IDTI), AU Optronics (AUO), SolarEdge (SEDG), Semtech (SMTC) and Besi (BESIY).

Press coverage about SIMO stock has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Silicon Motion Technology earned a media sentiment score of 0.17 on Accern's scale. They also assigned news coverage about the semiconductor producer an impact score of 45.59 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near term.

Silicon Motion Technology's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (6.72%), ARGA Investment Management LP (5.94%), Cardinal Capital Management LLC CT (4.07%), JPMorgan Chase & Co. (2.20%), Northcape Capital Pty Ltd (2.06%) and Millennium Management LLC (1.96%). View Institutional Ownership Trends for Silicon Motion Technology.

SIMO stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., JPMorgan Chase & Co., Wells Fargo & Company MN, Cortina Asset Management LLC, Northern Trust Corp, Ashfield Capital Partners LLC, UBS Group AG and Envestnet Asset Management Inc.. View Insider Buying and Selling for Silicon Motion Technology.

SIMO stock was bought by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Cardinal Capital Management LLC CT, Millennium Management LLC, Natixis Advisors L.P., Stifel Financial Corp, Denver Investment Advisors LLC, Susquehanna Fundamental Investments LLC and Trexquant Investment LP. View Insider Buying and Selling for 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.

One share of SIMO stock can currently be purchased for approximately $49.73.

Silicon Motion Technology has a market capitalization of $1.78 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 1,122 workers across the globe.

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]