About Silicon Motion (NASDAQ:SIMO)
Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets semiconductor solutions for the mobile storage and mobile communications markets worldwide. It offers embedded storage and expandable storage products, including NAND flash controllers, such as embedded MultiMediaCard (eMMC), client solid-state drive (SSD), flash memory card, and Universal Serial Bus flash drive controllers. The company also provides specialty storage solutions, such as customized enterprise-grade Peripheral Component Interconnect Express (PCIe) 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 and handset RF ICs. 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 products under the SMI, Shannon Systems, Ferri SSD, Ferri-eMMC, and FCI brands. The company markets and sells its products through direct sales personnel and independent electronics distributors to original equipment manufacturers and module makers. Silicon Motion Technology Corporation was founded in 1995 and is based in Kowloon, Hong Kong.
Industry, Sector and Symbol
Industry Semiconductors & related devices
Sub-IndustryN/A
SectorComputer and Technology
SymbolNASDAQ:SIMO
CUSIPN/A
Phone886-3552-6888
Debt
Debt-to-Equity RatioN/A
Current Ratio3.21%
Quick Ratio2.68%
Price-To-Earnings
Trailing P/E Ratio22.20
Forward P/E Ratio16.14
P/E GrowthN/A
Sales & Book Value
Annual Sales$523.40 million
Price / Sales3.25
Cash Flow$2.2514 per share
Price / Cash21.36
Book Value$13.99 per share
Price / Book3.44
Profitability
EPS (Most Recent Fiscal Year)$2.09
Net Income$75.03 million
Net Margins14.34%
Return on Equity15.33%
Return on Assets11.63%
Miscellaneous
Employees1,122
Outstanding Shares35,330,000
Silicon Motion (NASDAQ:SIMO) Frequently Asked Questions
What is Silicon Motion's stock symbol?
Silicon Motion trades on the NASDAQ under the ticker symbol "SIMO."
How often does Silicon Motion pay dividends? What is the dividend yield for Silicon Motion?
Silicon Motion declared a quarterly dividend on Monday, February 26th. Stockholders 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 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Wednesday, August 8th. View Silicon Motion's Dividend History.
How will Silicon Motion's stock buyback program work?
Silicon Motion announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, August 1st 2017, which allows the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 13.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its shares are undervalued.
How were Silicon Motion's earnings last quarter?
Silicon Motion (NASDAQ:SIMO) released its quarterly earnings results on Tuesday, February, 6th. The semiconductor producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.48 by $0.21. The semiconductor producer had revenue of $136.17 million for the quarter, compared to the consensus estimate of $135 million. Silicon Motion had a return on equity of 15.33% and a net margin of 14.34%. View Silicon Motion's Earnings History.
When is Silicon Motion's next earnings date?
What price target have analysts set for SIMO?
15 Wall Street analysts have issued twelve-month price targets for Silicon Motion's stock. Their predictions range from $45.00 to $68.75. On average, they expect Silicon Motion's stock price to reach $56.9792 in the next year. View Analyst Ratings for Silicon Motion.
What are Wall Street analysts saying about Silicon Motion stock?
Here are some recent quotes from research analysts about Silicon Motion stock:
- 1. According to Zacks Investment Research, "Silicon Motion supplies client SSD controller to module makers, including most market leaders in the U.S., Taiwan and China. The company expects the increase in the availability of 64 layer 3D NAND to bring down high NAND prices, which will eventually improve results.Moreover, an expanding customer base and innovative products act as tailwinds for the its top-line growth. Estimates have been stable lately ahead of the company’s Q1 earnings release. The company has mixed record of earnings surprises in recent quarters. Acquisitions have supplemented the company's growth initiatives. However, the company faces macroeconomic risks like political, economic and social instability and certain industry-specific regulations in geographies where the company operates. Further, intensifying competition in the USB flash drive controller market remains a major headwind. Going forward, dip in smartphones sales will prove to be a drag on the revenues." (4/20/2018)
- 2. Needham & Company LLC analysts commented, "While SIMO came roughly in-line this quarter, the 4Q17 guide was light. We continue to believe that SIMO’s SSD business is set for a rebound in 4Q17 and throughout 2018 but note that the current high NAND pricing environment could slow its Client SSD ramp as the business is sensitive to NAND prices. Despite the short term headwinds we see a number of drivers in 4Q17 and beyond: market leader in Client SSDs – we expect growth of ~38% Y/Y in 2018 as next gen 3D NAND come online and PCIe NVMe opening up new opportunities, still early in the HDD-> SSD transition, and strong/stable relations with SK Hynix means low risk towards ~30% total market share in eMMC." (10/27/2017)
- 3. B. Riley analysts commented, "We nudge our estimates higher to better align with the company’s strong preliminary results relative to guidance. As such, we increase projected Q3 revenue and EPS from $125.5MM/$0.57 to $126.4MM/$0.58, and with some revenue and earnings follow through into Q4 and FY ‘18e and ‘19e as well." (10/25/2017)
Who are some of Silicon Motion's key competitors?
Some companies that are related to Silicon Motion include United Microelectronics (UMC), Semiconductor Manufacturing International (SMI), Cypress Semiconductor (CY), Cavium (CAVM), Siliconware Precision Industries (SPIL), Monolithic Power Systems (MPWR), Cree (CREE), Integrated Device Technology (IDTI), AU Optronics (AUO), Mellanox Technologies (MLNX), Silicon Labs (SLAB), BE Semiconductor Industrs (BESIY), Advantest (ATEYY), Semtech (SMTC) and Cabot Microelectronics (CCMP).
Who are Silicon Motion's key executives?
Silicon Motion's management team includes the folowing people:
- Mr. Chia-Chang Kou, Founder, CEO, Pres, Director, CEO of SMI Taiwan and Pres of SMI Taiwan (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 Chief Exec. Officer (Age 51)
- Mr. Jason Tsai, Director of IR and Strategy
Has Silicon Motion been receiving favorable news coverage?
Media coverage about SIMO stock has trended somewhat negative this week, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Silicon Motion earned a coverage optimism score of -0.10 on Accern's scale. They also assigned headlines about the semiconductor producer an impact score of 47.60 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
How do I buy shares of Silicon Motion?
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's stock price today?
One share of SIMO stock can currently be purchased for approximately $48.07.
How big of a company is Silicon Motion?
Silicon Motion has a market capitalization of $1.65 billion and generates $523.40 million in revenue each year. The semiconductor producer earns $75.03 million in net income (profit) each year or $2.09 on an earnings per share basis. Silicon Motion employs 1,122 workers across the globe.
How can I contact Silicon Motion?
Silicon Motion'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]
MarketBeat Community Rating for Silicon Motion (SIMO)
MarketBeat's community ratings are surveys of what our community members think about Silicon Motion 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.
Silicon Motion (NASDAQ:SIMO) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
15 Wall Street analysts have issued ratings and price targets for Silicon Motion in the last 12 months. Their average twelve-month price target is $56.9792, suggesting that the stock has a possible upside of 18.48%. The high price target for SIMO is $68.75 and the low price target for SIMO is $45.00. There are currently 1 sell rating, 2 hold ratings and 12 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.73 | 2.71 | 2.71 | 2.77 |
| Ratings Breakdown: | 1 Sell Rating(s)
2 Hold Rating(s)
12 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
2 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
2 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $56.9792 | $56.7045 | $57.0625 | $57.6667 |
| Price Target Upside: | 18.48% upside | 24.43% upside | 23.81% upside | 18.17% upside |
Silicon Motion (NASDAQ:SIMO) Consensus Price Target History
Silicon Motion (NASDAQ:SIMO) Analyst Ratings History
Show:
(Data available from 4/26/2016 forward)
Silicon Motion (NASDAQ:SIMO) Dividend Information
Silicon Motion pays an annual dividend of $0.99 per share, with a dividend yield of 2.06%. SIMO's next quarterly dividend payment will be made on Wednesday, August 22. Silicon Motion pays out 47.37% of its earnings out as a dividend.
| Next Dividend: | 8/22/2018 |
| Annual Dividend: | $0.99 |
| Dividend Yield: | 2.06% |
| Payout Ratio: | 47.37% (Trailing 12 Months of Earnings)
33.22% (Based on This Year's Estimates)
27.50% (Based on Next Year's Estimates)
|
Silicon Motion (NASDAQ:SIMO) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/26/2018 | quarterly | $0.30 | 2.63% | 8/8/2018 | 8/9/2018 | 8/22/2018 |
| 2/16/2018 | quarterly | $0.30 | 2.68% | 5/9/2018 | 5/10/2018 | 5/23/2018 |
| 1/8/2018 | None | $0.2980 | 2.12% | 2/9/2018 | 2/12/2018 | 2/27/2018 |
| 10/26/2017 | quarterly | $0.30 | 2.46% | 11/8/2017 | 11/9/2017 | 11/24/2017 |
| 11/1/2016 | | $0.1980 | | 8/3/2017 | 8/7/2017 | 8/17/2017 |
| 11/1/2016 | quarterly | $0.1980 | | 5/3/2017 | 5/5/2017 | 5/18/2017 |
| 1/23/2017 | quarterly | $0.20 | | 2/9/2017 | 2/13/2017 | 2/23/2017 |
| 10/24/2016 | quarterly | $0.20 | | 11/3/2016 | 11/7/2016 | 11/17/2016 |
| 2/29/2016 | quarterly | $0.1470 | | 8/3/2016 | 8/5/2016 | 8/17/2016 |
| 11/16/2015 | quarterly | $0.1470 | | 5/5/2016 | 5/9/2016 | 5/19/2016 |
| 1/20/2016 | quarterly | $0.15 | | 2/12/2016 | 2/17/2016 | 2/26/2016 |
| 10/23/2015 | quarterly | $0.15 | | 11/5/2015 | 11/9/2015 | 11/20/2015 |
| 7/27/2015 | quarterly | $0.15 | | 8/12/2015 | 8/14/2015 | 8/26/2015 |
| 4/27/2015 | quarterly | $0.15 | 2.05% | 5/7/2015 | 5/11/2015 | 5/21/2015 |
| 1/26/2015 | quarterly | $0.15 | 2.1% | 2/10/2015 | 2/12/2015 | 2/20/2015 |
| 10/15/2014 | quarterly | $0.15 | 2.48% | 11/6/2014 | 11/10/2014 | 11/19/2014 |
| 7/28/2014 | quarterly | $0.15 | 2.55% | 8/8/2014 | 8/12/2014 | 8/20/2014 |
| 4/22/2014 | quarterly | $0.15 | | 5/6/2014 | 5/8/2014 | 5/16/2014 |
| 1/28/2014 | special | $0.15 | 3.48% | 2/13/2014 | 2/18/2014 | 2/25/2014 |
| 1/27/2014 | quarterly | $0.15 | | 2/13/2014 | 2/18/2014 | 2/25/2014 |
| 10/1/2013 | quarterly | $0.15 | | | 11/1/2013 | 11/8/2013 |
| 7/2/2013 | quarterly | $0.15 | | | 8/1/2013 | 8/8/2013 |
| 4/24/2013 | special | $0.15 | | 5/2/2013 | 5/6/2013 | 5/14/2013 |
| 4/23/2013 | quarterly | $0.15 | | | 5/6/2013 | 5/14/2013 |
| 2/4/2013 | special | $0.15 | | 2/19/2013 | 2/21/2013 | 3/4/2013 |
| 1/22/2013 | quarterly | $0.15 | | | 2/21/2013 | 3/4/2013 |
(Data available from 1/1/2013 forward)
Silicon Motion (NASDAQ SIMO) Insider Trading and Institutional Ownership History
Institutional Ownership Percentage: 85.69%
Silicon Motion (NASDAQ SIMO) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
(Data available from 1/1/2013 forward)
Silicon Motion (NASDAQ SIMO) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Skyworks Solutions (SWKS) and Silicon Motion (SIMO) Financial Survey
www.americanbankingnews.com - April 25 at 3:06 AM |
| Zacks: Brokerages Expect Silicon Motion (SIMO) Will Announce Quarterly Sales of $129.28 Million
www.americanbankingnews.com - April 22 at 4:42 AM |
| Silicon Motion (SIMO) Rating Lowered to Hold at Zacks Investment Research
www.americanbankingnews.com - April 20 at 1:19 PM |
| Brokerages Anticipate Silicon Motion (SIMO) Will Post Earnings of $0.65 Per Share
www.americanbankingnews.com - April 20 at 3:10 AM |
| Silicon Motion (SIMO) Given Buy Rating at B. Riley
www.americanbankingnews.com - April 19 at 7:29 PM |
| Silicon Motion (SIMO) Upgraded by Zacks Investment Research to "Buy"
www.americanbankingnews.com - April 19 at 12:49 PM |
| Silicon Motion (SIMO) Set to Announce Quarterly Earnings on Thursday
www.americanbankingnews.com - April 19 at 1:56 AM |
| Silicon Motion (SIMO) Lowered to Buy at BidaskClub
www.americanbankingnews.com - April 17 at 9:57 AM |
| BidaskClub Downgrades Silicon Motion (SIMO) to Strong Sell
www.americanbankingnews.com - April 16 at 12:48 AM |
| B. Riley Reiterates Buy Rating for Silicon Motion (SIMO)
www.americanbankingnews.com - April 14 at 1:27 PM |
| Silicon Motion's (SIMO) "Buy" Rating Reiterated at Lake Street Capital
www.americanbankingnews.com - April 14 at 10:43 AM |
 | Gauge Silicon Motion Against 2016
seekingalpha.com - April 13 at 5:34 PM |
| B. Riley Research Analysts Lift Earnings Estimates for Silicon Motion (SIMO)
www.americanbankingnews.com - April 13 at 8:38 AM |
| B. Riley Comments on Silicon Motion's FY2018 Earnings (SIMO)
www.americanbankingnews.com - April 12 at 7:37 AM |
 | Silicon Motion (SIMO) Declares 1Q18 Preliminary Results
www.zacks.com - April 10 at 8:24 AM |
 | Silicon Motion Technology (SIMO) Reports Prelim. Q1 Revenue
www.streetinsider.com - April 10 at 8:24 AM |
| Silicon Motion (SIMO) Given "Buy" Rating at Loop Capital
www.americanbankingnews.com - April 9 at 11:27 PM |
| Silicon Motion announces preliminary Q1 results
seekingalpha.com - April 9 at 5:24 PM |
 | Silicon Motion Announces Preliminary First Quarter 2018 Revenue and Earnings Conference Call Details
finance.yahoo.com - April 9 at 8:17 AM |
| Silicon Motion (SIMO) Receives Average Rating of "Buy" from Brokerages
www.americanbankingnews.com - April 8 at 3:37 AM |
| Silicon Motion (SIMO) Given a $69.00 Price Target at B. Riley
www.americanbankingnews.com - April 5 at 6:22 PM |
| $129.89 Million in Sales Expected for Silicon Motion (SIMO) This Quarter
www.americanbankingnews.com - April 5 at 4:38 AM |
| Brokerages Expect Silicon Motion (SIMO) to Post $0.65 Earnings Per Share
www.americanbankingnews.com - April 3 at 5:40 AM |
| Silicon Motion (SIMO) Downgraded to "Sell" at Zacks Investment Research
www.americanbankingnews.com - March 29 at 1:20 PM |
| Silicon Motion (SIMO) Stock Rating Upgraded by BidaskClub
www.americanbankingnews.com - March 29 at 9:15 AM |
| Silicon Motion (SIMO) Rating Lowered to Neutral at UBS
www.americanbankingnews.com - March 28 at 2:42 PM |
| Silicon Motion's (SIMO) Buy Rating Reaffirmed at B. Riley
www.americanbankingnews.com - March 28 at 12:58 PM |
| JPMorgan Chase & Co. Begins Coverage on Silicon Motion (SIMO)
www.americanbankingnews.com - March 28 at 8:05 AM |
| Silicon Motion Technology (SIMO) Upgraded to Buy at BidaskClub
www.americanbankingnews.com - March 24 at 1:54 PM |
| Reviewing Rambus (RMBS) & Silicon Motion Technology (SIMO)
www.americanbankingnews.com - March 23 at 11:32 PM |
| Is Silicon Motion Technology Corporation (NASDAQ:SIMO) A Financially Sound Company?
finance.yahoo.com - March 20 at 8:25 AM |
| Silicon Motion Technology Corp. (SIMO) Expected to Post Quarterly Sales of $129.56 Million
www.americanbankingnews.com - March 19 at 7:05 AM |
| Silicon Motion Technology Corp. (SIMO) Expected to Announce Earnings of $0.64 Per Share
www.americanbankingnews.com - March 17 at 1:16 AM |
| Analysis: Positioning to Benefit within Capella Education, Access National, Randgold Resources, Diodes, Silicon Motion Technology, and Retrophin — Research Highlights Growth, Revenue, and Consolidated Results
finance.yahoo.com - March 16 at 8:17 AM |
| Silicon Motion Technology Corp. (SIMO) Receives Consensus Rating of "Buy" from Analysts
www.americanbankingnews.com - March 14 at 3:26 AM |
| Silicon Motion Technology (SIMO) Upgraded to Hold by Zacks Investment Research
www.americanbankingnews.com - March 8 at 6:47 PM |
| Traders Purchase High Volume of Put Options on Silicon Motion Technology (SIMO)
www.americanbankingnews.com - March 7 at 7:26 AM |
| Investec Asset Management LTD Has $83.59 Million Holdings in Silicon Motion Technology Corp. (SIMO)
www.americanbankingnews.com - March 2 at 3:47 PM |
| Lazard Asset Management LLC Buys 21,773 Shares of Silicon Motion Technology Corp. (SIMO)
www.americanbankingnews.com - March 2 at 2:32 PM |
| Cardinal Capital Management LLC CT Purchases 119,700 Shares of Silicon Motion Technology Corp. (SIMO)
www.americanbankingnews.com - March 2 at 5:23 AM |
| State of Tennessee Treasury Department Takes Position in Silicon Motion Technology Corp. (SIMO)
www.americanbankingnews.com - March 1 at 6:14 PM |
| Cortina Asset Management LLC Has $8 Million Position in Silicon Motion Technology Corp. (SIMO)
www.americanbankingnews.com - February 28 at 1:27 PM |
 | Silicon Motion annonce les premiers SSD à puce unique NVMe PCIe au monde, dotés de fonctionnalités de protection des données pour l'entreprise
www.prnewswire.com - February 27 at 1:43 PM |
| Silicon Motion kündigt welterste PCIe NVMe Single-Chip SSDs mit Datenschutzfunktionen auf Enterprise-Niveau an
www.prnewswire.com - February 27 at 1:43 PM |
| Silicon Motion Technology Corp. Plans Quarterly Dividend of $0.30 (SIMO)
www.americanbankingnews.com - February 26 at 7:08 PM |
| The Manufacturers Life Insurance Company Purchases 59,647 Shares of Silicon Motion Technology Corp. (SIMO)
www.americanbankingnews.com - February 26 at 9:08 AM |
| Baird Financial Group Inc. Reduces Position in Silicon Motion Technology Corp. (SIMO)
www.americanbankingnews.com - February 25 at 4:18 AM |
| Silicon Motion Technology Corp. (SIMO) Given Consensus Rating of "Buy" by Brokerages
www.americanbankingnews.com - February 17 at 3:20 AM |
| Silicon Motion Technology Corp. (SIMO) Announces $0.30 Quarterly Dividend
www.americanbankingnews.com - February 16 at 6:46 PM |
| $129.62 Million in Sales Expected for Silicon Motion Technology Corp. (SIMO) This Quarter
www.americanbankingnews.com - February 13 at 5:04 AM |
Silicon Motion (NASDAQ:SIMO) SEC Filings
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Silicon Motion (NASDAQ:SIMO) Income Statement, Balance Sheet and Cash Flow Statement
Silicon Motion (NASDAQ SIMO) Stock Chart for Thursday, April, 26, 2018
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