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NASDAQ:SIMO

Silicon Motion Technology - SIMO Stock Forecast, Price & News

$81.12
+0.69 (+0.86%)
(As of 08/8/2022 01:13 PM ET)
Add
Compare
Today's Range
$79.75
$81.12
50-Day Range
$80.07
$92.89
52-Week Range
$64.41
$98.65
Volume
12,332 shs
Average Volume
633,452 shs
Market Capitalization
$2.68 billion
P/E Ratio
12.56
Dividend Yield
2.47%
Price Target
$102.14

Silicon Motion Technology MarketRank™ Forecast

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
25.9% Upside
$102.14 Price Target
Short Interest
Healthy
2.28% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.29mentions of Silicon Motion Technology in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.10%
From $7.03 to $7.74 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.64 out of 5 stars

Computer And Technology Sector

138th out of 833 stocks

Semiconductors & Related Devices Industry

22nd out of 115 stocks

SIMO stock logo

About Silicon Motion Technology (NASDAQ:SIMO) Stock

Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. It offers controllers for computing-grade solid state drives (SSDs), which are used in PCs and other client devices; enterprise-grade SSDs used in data centers; eMMC and UFS mobile embedded storage for use in smartphones and IoT devices; flash memory cards and flash drives for use in expandable storage; and specialized SSDs that are used in industrial, commercial, and automotive applications. It markets its controllers under the SMI brand; enterprise-grade SSDs under the Shannon Systems brand; and single-chip industrial-grade SSDs under the Ferri SSD, Ferri-eMMC, and Ferri-UFS brands. The company markets and sells its products through direct sales personnel and independent electronics distributors to NAND flash makers, module makers, hyperscalers, and OEMs. It operates in Taiwan, the United States, South Korea, China, Malaysia, Singapore, and internationally. Silicon Motion Technology Corporation was founded in 1995 and is based in Hong Kong, Hong Kong.

Analysts Set New Price Targets

SIMO has been the topic of a number of recent analyst reports. Roth Capital cut shares of Silicon Motion Technology from a "buy" rating to a "neutral" rating in a research note on Thursday, May 5th. Wedbush decreased their target price on Silicon Motion Technology from $115.00 to $110.00 in a research report on Thursday, July 28th. Susquehanna downgraded Silicon Motion Technology from a "positive" rating to a "neutral" rating in a report on Thursday, May 5th. StockNews.com lowered Silicon Motion Technology from a "buy" rating to a "hold" rating in a research note on Friday, July 29th. Finally, Needham & Company LLC lowered Silicon Motion Technology from a "buy" rating to a "hold" rating in a research note on Thursday, May 5th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Silicon Motion Technology has a consensus rating of "Hold" and a consensus target price of $102.14.

Silicon Motion Technology Stock Up 0.4 %

Shares of NASDAQ:SIMO opened at $80.43 on Monday. The business's 50 day moving average price is $85.62 and its 200 day moving average price is $80.67. The firm has a market cap of $2.66 billion, a P/E ratio of 12.45, a P/E/G ratio of 1.27 and a beta of 0.97. Silicon Motion Technology has a 52 week low of $64.41 and a 52 week high of $98.65.

Silicon Motion Technology (NASDAQ:SIMO - Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The semiconductor producer reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.19. Silicon Motion Technology had a return on equity of 33.80% and a net margin of 21.92%. The company had revenue of $242.00 million during the quarter, compared to the consensus estimate of $239.46 million. During the same period in the previous year, the company posted $0.98 earnings per share. Silicon Motion Technology's revenue for the quarter was up 32.7% on a year-over-year basis. As a group, research analysts expect that Silicon Motion Technology will post 7.03 earnings per share for the current year.

Silicon Motion Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Shareholders of record on Thursday, August 11th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Wednesday, August 10th. Silicon Motion Technology's payout ratio is presently 30.80%.

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SIMO Stock News Headlines

SIMO vs. NVMI: Which Stock Is the Better Value Option?
Silicon Motion Announces MonTitan(TM)
Making Sense Of MaxLinear's Bid For Silicon Motion
See More Headlines
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SIMO Company Calendar

Last Earnings
10/27/2021
Ex-Dividend for 5/26 Dividend
5/11/2022
Dividend Payable
5/26/2022
Today
8/08/2022
Ex-Dividend for 8/25 Dividend
8/10/2022
Dividend Payable
8/25/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:SIMO
Employees
1,434
Year Founded
1995

Price Target and Rating

Average Stock Price Forecast
$102.14
High Stock Price Forecast
$130.00
Low Stock Price Forecast
$78.00
Forecasted Upside/Downside
+25.9%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
7 Analysts

Profitability

Net Income
$200 million
Pretax Margin
27.21%

Debt

Sales & Book Value

Annual Sales
$922.10 million
Cash Flow
$6.27 per share
Book Value
$18.83 per share

Miscellaneous

Free Float
N/A
Market Cap
$2.68 billion
Optionable
Optionable
Beta
0.97

Social Links


Key Executives

  • Mr. Chia-Chang Kou (Age 64)
    Founder, Pres, CEO, MD & Director
  • Mr. Riyadh Lai (Age 53)
    Chief Financial Officer
  • Mr. Ken Chen (Age 61)
    VP of Operations
  • Mr. Kevin Yeh (Age 58)
    VP of R&D, Algorithm and Technology
  • Mr. Christopher A. Chaney
    Director of Investor Relations & Strategy
  • Mr. Arthur Yeh (Age 61)
    VP of Sales, Asia & Greater China
  • Mr. Nelson S. Duann (Age 53)
    Sr. VP of Marketing & R&D and Director
  • Mr. Robert C. Fan (Age 58)
    Pres of SMI USA
  • Ms. Michelle Lin
    VP of Fin. & Corp. Controller













SIMO Stock - Frequently Asked Questions

Should I buy or sell Silicon Motion Technology stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last year. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" SIMO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SIMO, but not buy additional shares or sell existing shares.
View SIMO analyst ratings
or view top-rated stocks.

What is Silicon Motion Technology's stock price forecast for 2022?

7 Wall Street analysts have issued twelve-month target prices for Silicon Motion Technology's shares. Their SIMO stock forecasts range from $78.00 to $130.00. On average, they anticipate the company's share price to reach $102.14 in the next twelve months. This suggests a possible upside of 26.3% from the stock's current price.
View analysts price targets for SIMO
or view top-rated stocks among Wall Street analysts.

How has Silicon Motion Technology's stock performed in 2022?

Silicon Motion Technology's stock was trading at $95.03 at the beginning of the year. Since then, SIMO stock has decreased by 14.9% and is now trading at $80.86.
View the best growth stocks for 2022 here
.

When is Silicon Motion Technology's next earnings date?

Silicon Motion Technology is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our SIMO earnings forecast
.

How were Silicon Motion Technology's earnings last quarter?

Silicon Motion Technology Co. (NASDAQ:SIMO) announced its quarterly earnings results on Wednesday, October, 27th. The semiconductor producer reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.16. The semiconductor producer had revenue of $254.24 million for the quarter, compared to analysts' expectations of $250.45 million. Silicon Motion Technology had a trailing twelve-month return on equity of 33.80% and a net margin of 21.92%. Silicon Motion Technology's revenue was up 101.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 earnings per share.

How often does Silicon Motion Technology pay dividends? What is the dividend yield for Silicon Motion Technology?

Silicon Motion Technology declared a quarterly dividend on Thursday, July 14th. Shareholders of record on Thursday, August 11th will be paid a dividend of $0.50 per share on Thursday, August 25th. This represents a $2.00 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend is Wednesday, August 10th.
Read our dividend analysis for SIMO
.

Is Silicon Motion Technology a good dividend stock?

Silicon Motion Technology (NASDAQ:SIMO) pays an annual dividend of $1.99 per share and currently has a dividend yield of 2.47%. The dividend payout ratio is 30.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SIMO will have a dividend payout ratio of 25.71% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SIMO.

What is Wallace C. Kou's approval rating as Silicon Motion Technology's CEO?

8 employees have rated Silicon Motion Technology Chief Executive Officer Wallace C. Kou on Glassdoor.com. Wallace C. Kou has an approval rating of 76% among the company's employees.

What other stocks do shareholders of Silicon Motion Technology own?

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), QUALCOMM (QCOM), Visa (V) and Marvell Technology (MRVL).

What is Silicon Motion Technology's stock symbol?

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

Who are Silicon Motion Technology's major shareholders?

Silicon Motion Technology's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (2.07%), Hodges Capital Management Inc. (0.65%), Russell Investments Group Ltd. (0.58%), Peregrine Capital Management LLC (0.37%), Crossmark Global Holdings Inc. (0.31%) and Janney Montgomery Scott LLC (0.20%).

How do I buy shares of Silicon Motion Technology?

Shares of SIMO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Silicon Motion Technology's stock price today?

One share of SIMO stock can currently be purchased for approximately $80.86.

How much money does Silicon Motion Technology make?

Silicon Motion Technology (NASDAQ:SIMO) has a market capitalization of $2.67 billion and generates $922.10 million in revenue each year. The semiconductor producer earns $200 million in net income (profit) each year or $6.46 on an earnings per share basis.

How many employees does Silicon Motion Technology have?

Silicon Motion Technology employs 1,434 workers across the globe.

When was Silicon Motion Technology founded?

Silicon Motion Technology was founded in 1995.

How can I contact Silicon Motion Technology?

Silicon Motion Technology's mailing address is 8F-1 NO. 36 TAIYUAN STREET JHUBEI CITY, HSINCHU COUNTY F5, 302. The official website for the company is www.siliconmotion.com. The semiconductor producer can be reached via phone at (522) 307-4768, via email at ir@siliconmotion.com, or via fax at 852-2307-4368.

This page (NASDAQ:SIMO) was last updated on 8/8/2022 by MarketBeat.com Staff

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