Silicon Motion Technology Stock Forecast, Price & News

Silicon Motion Technology's stock was trading at $36.79 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SIMO shares have increased by 3.0% and is now trading at $37.88.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last year. There are currently 4 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, November 3rd 2020.
View our earnings forecast for Silicon Motion Technology.

Silicon Motion Technology Corp. (NASDAQ:SIMO) issued its quarterly earnings data on Wednesday, July, 29th. The semiconductor producer reported $0.81 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.73 by $0.08. The semiconductor producer earned $136.80 million during the quarter, compared to analysts' expectations of $134.17 million. Silicon Motion Technology had a return on equity of 14.91% and a net margin of 15.71%. The company's quarterly revenue was up 38.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 earnings per share.
View Silicon Motion Technology's earnings history.

Silicon Motion Technology declared a quarterly dividend on Thursday, July 16th. Stockholders of record on Thursday, August 6th will be paid a dividend of $0.35 per share on Thursday, August 20th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend is Wednesday, August 5th.
View Silicon Motion Technology's dividend history.

Silicon Motion Technology announced that its Board of Directors has authorized a share repurchase program on Wednesday, November 21st 2018, 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 15.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its stock is undervalued.

Silicon Motion Technology updated its third quarter 2020 After-Hours earnings guidance on Wednesday, July, 29th. The company provided EPS guidance of for the period. The company issued revenue guidance of $114-120 million, compared to the consensus revenue estimate of $137.83 million.

11 Wall Street analysts have issued 1 year price objectives for Silicon Motion Technology's shares. Their forecasts range from $39.00 to $60.00. On average, they expect Silicon Motion Technology's stock price to reach $52.20 in the next twelve months. This suggests a possible upside of 37.8% from the stock's current price.
View analysts' price targets for Silicon Motion Technology.

Silicon Motion Technology saw a drop in short interest in August. As of August 14th, there was short interest totaling 296,700 shares, a drop of 50.9% from the July 30th total of 603,700 shares. Based on an average daily trading volume, of 336,700 shares, the short-interest ratio is presently 0.9 days. Currently, 0.9% of the company's shares are sold short.
View Silicon Motion Technology's Short Interest.

Some companies that are related to Silicon Motion Technology include Inphi (IPHI), Silicon Laboratories (SLAB), Cabot Microelectronics (CCMP), SUMCO CORP/ADR (SUOPY), AU Optronics (AUO), AU Optronics (AUOTY), Lattice Semiconductor (LSCC), BE Semiconductor Industrs (BESIY), Cirrus Logic (CRUS), Semtech (SMTC), Dialog Semiconductor (DLGNF), Power Integrations (POWI), Acacia Communications (ACIA), Synaptics (SYNA) and Viavi Solutions (VIAV).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Silicon Motion Technology investors own include NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Alibaba Group (BABA), Gilead Sciences (GILD), Netflix (NFLX), AbbVie (ABBV), Marvell Technology Group (MRVL), QUALCOMM (QCOM) and Visa (V).

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

Silicon Motion Technology's stock is owned by a number of institutional and retail investors. Top institutional shareholders include ARGA Investment Management LP (4.17%), Peregrine Capital Management LLC (0.97%), Man Group plc (0.94%), Tributary Capital Management LLC (0.90%), Driehaus Capital Management LLC (0.87%) and Bank of America Corp DE (0.81%).

SIMO stock was sold by a variety of institutional investors in the last quarter, including M&G Investment Management Ltd., FMR LLC, FMR LLC, ARGA Investment Management LP, Skyline Asset Management LP, New York State Common Retirement Fund, Trexquant Investment LP, and Tygh Capital Management Inc..

SIMO stock was bought by a variety of institutional investors in the last quarter, including Marshall Wace LLP, Driehaus Capital Management LLC, Marshall Wace North America L.P., Man Group plc, Canada Pension Plan Investment Board, Goldman Sachs Group Inc., Calamos Advisors LLC, and US Bancorp DE.

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 $37.88.

Silicon Motion Technology has a market capitalization of $1.38 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]