Silicon Motion Technology Corporation Company Profile (NASDAQ:SIMO)

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

Silicon Motion Technology Corporation announced a dividend on Tuesday, November 1st. Investors of record on Monday, August 7th will be paid a dividend of $0.198 per share on Thursday, August 17th. The ex-dividend date of this dividend is Thursday, August 3rd. View Silicon Motion Technology Corporation's Dividend History.

Silicon Motion Technology Corporation announced that its board has approved a share repurchase program on Tuesday, August 1st 2017, which allows the company to buyback $200,000,000.00 in outstanding 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 programs are generally an indication that the company's board believes its stock is undervalued.

Silicon Motion Technology Corporation (NASDAQ:SIMO) issued its quarterly earnings data on Monday, July, 31st. The company reported $0.69 EPS for the quarter, missing the Zacks' consensus estimate of $0.73 by $0.04. The business had revenue of $132.70 million for the quarter, compared to analyst estimates of $132.92 million. Silicon Motion Technology Corporation had a net margin of 18.91% and a return on equity of 24.24%. The firm's revenue was down 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 earnings per share. View Silicon Motion Technology Corporation's Earnings History.

Silicon Motion Technology Corporation is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Silicon Motion Technology Corporation.

13 brokerages have issued 1 year price targets for Silicon Motion Technology Corporation's shares. Their predictions range from $50.00 to $68.75. On average, they anticipate Silicon Motion Technology Corporation's stock price to reach $57.23 in the next year. View Analyst Ratings for Silicon Motion Technology Corporation.

Here are some recent quotes from research analysts about Silicon Motion Technology Corporation stock:

• 1. According to Zacks Investment Research, "Silicon Motion is gaining from strategic product launches. Additionally, continuing investments on product development will drive growth. Moreover, expanding product portfolio and strong commitment toward R&D activities are key catalysts. However, the company continues to get affected by the NAND supply constraint. The company has noted that NAND supply continues to remain tight, which affected module maker customers, hyperscale customers, and NAND flash partners in the last reported quarter. We note that the stock has underperformed the broader industry on a year-to-date basis." (10/3/2017)
• 2. Needham & Company LLC analysts commented, "SIMO lowered its 2Q17 revenue range to slightly below" the previous range of $134-$140. The culprit remains ongoing NAND tightness adversely affecting the client SSD segment. Due to the tightness in NAND as a result of the 2D-3D NAND transition, the major flash OEMs are prioritizing enterprise and datacenter allocation over client SSDs, which is driving up the pricing of client SSDs. This phenomenon has been occurring since the beginning of the year and our view that it would begin to loosen starting end of June qrt is not bearing out. Thus, with reduced visibility into 2H17, we are lowering our estimates for Sept and December." (7/7/2017)
• 3. Brean Capital analysts commented, "We believe QUIK represents a differentiated investment opportunity in mobile sensor processors. With transition to newer sensor hub products, we remain comfortable with the significant ramp potential ahead. We are encouraged by the company’s initiation of an IP licensing program and now have even higher confidence in our revenue growth forecast. We maintain our Buy rating. Launching FPGA Licensing Effort. QUIK announced a new FPGA IP licensing program (eFPGA), in conjunction with Global Foundry’s FDXcelerator partner program. With a long history of fabless FPGA production and development tool expertise, we believe QUIK represents the natural vendor of merchant eFPGA IP . Given the significant M&A activity in the FPGA segment, we believe the decision to offer eFPGA is very timely and can broaden availability of an increasingly scare IP capability . We believe QUIK’s focus on high volume, low power mobile and IoT applications can support a high royalty revenue opportunity, like comparables CEVA (CEVA-Buy), ARM Holdings and Imagination (IMG.LON-NC). While we expect additional foundries and initial licensing sometime around mid-2017, this announcement increases our confidence in our 2017 revenue growth projection." (12/1/2016)

Some companies that are related to Silicon Motion Technology Corporation include Advanced Energy Industries (AEIS), Vishay Intertechnology (VSH), Tower Semiconductor (TSEM), Sanmina Corporation (SANM), Cree (CREE), Semtech Corporation (SMTC), Rogers Corporation (ROG), Mellanox Technologies (MLNX), Power Integrations (POWI), Cabot Microelectronics Corporation (CCMP), Plexus Corp. (PLXS), Ambarella (AMBA), Celestica (CLS), Benchmark Electronics (BHE), Diodes Incorporated (DIOD), Himax Technologies (HIMX), Inphi Corporation (IPHI) and MaxLinear (MXL).

Silicon Motion Technology Corporation'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

Silicon Motion Technology Corporation's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Eqis Capital Management Inc. (0.02%). View Institutional Ownership Trends for Silicon Motion Technology Corporation.

Silicon Motion Technology Corporation's stock was sold by a variety of institutional investors in the last quarter, including Eqis Capital Management Inc.. View Insider Buying and Selling for Silicon Motion Technology Corporation.

Shares of Silicon Motion Technology Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Silicon Motion Technology Corporation stock can currently be purchased for approximately $51.51.