Silicon Motion Technology Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last year. There are currently 1 sell rating, 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Silicon Motion Technology stock.
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Silicon Motion Technology saw a increase in short interest in May. As of May 14th, there was short interest totaling 771,400 shares, an increase of 36.6% from the April 29th total of 564,700 shares. Based on an average trading volume of 514,700 shares, the short-interest ratio is presently 1.5 days. Approximately 2.2% of the shares of the stock are short sold.
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Silicon Motion Technology is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Silicon Motion Technology.

Silicon Motion Technology Co. (NASDAQ:SIMO) announced its quarterly earnings data on Wednesday, May, 5th. The semiconductor producer reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.27. The semiconductor producer earned $182.40 million during the quarter, compared to the consensus estimate of $180 million. Silicon Motion Technology had a trailing twelve-month return on equity of 15.07% and a net margin of 14.98%.
View Silicon Motion Technology's earnings history.

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 72.3% and is now trading at $63.40.
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Silicon Motion Technology declared a quarterly dividend on Friday, April 16th. Stockholders of record on Thursday, May 6th will be given a dividend of $0.35 per share on Thursday, May 20th. This represents a $1.40 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Wednesday, May 5th.
View Silicon Motion Technology's dividend history.

Silicon Motion Technology pays an annual dividend of $1.39 per share and currently has a dividend yield of 2.22%. Silicon Motion Technology does not yet have a strong track record of dividend growth. The dividend payout ratio of Silicon Motion Technology is 60.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Silicon Motion Technology will have a dividend payout ratio of 27.15% next year. This indicates that Silicon Motion Technology will be able to sustain or increase its dividend.
View Silicon Motion Technology's dividend history.

Silicon Motion Technology issued an update on its FY 2021 earnings guidance on Tuesday, June, 1st. The company provided earnings per share guidance of - for the period. The company issued revenue guidance of $782 million-$836 million, compared to the consensus revenue estimate of $702.58 million.

9 brokerages have issued 12 month price targets for Silicon Motion Technology's stock. Their forecasts range from $45.00 to $100.00. On average, they expect Silicon Motion Technology's stock price to reach $71.11 in the next year. This suggests a possible upside of 12.2% from the stock's current price.
View analysts' price targets for Silicon Motion Technology or view top-rated stocks among Wall Street analysts.

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

Some companies that are related to Silicon Motion Technology include First Solar (FSLR), AU Optronics (AUOTY), Lattice Semiconductor (LSCC), BE Semiconductor Industries (BESIY), Sumco (SUOPY), Silicon Laboratories (SLAB), Dialog Semiconductor (DLGNF), Amkor Technology (AMKR), Synaptics (SYNA), Allegro MicroSystems (ALGM), Shoals Technologies Group (SHLS), Power Integrations (POWI), Cirrus Logic (CRUS), SunPower (SPWR) and CMC Materials (CCMP).
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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), QUALCOMM (QCOM), Visa (V) and Marvell Technology (MRVL).

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

Silicon Motion Technology's stock is owned by a variety of retail and institutional investors. Top institutional investors include Lazard Asset Management LLC (3.81%), Yiheng Capital Management L.P. (3.77%), Acadian Asset Management LLC (2.44%), Loomis Sayles & Co. L P (2.10%), Massachusetts Financial Services Co. MA (1.96%) and Baillie Gifford & Co. (1.77%).

SIMO stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Massachusetts Financial Services Co. MA, Yiheng Capital Management L.P., M&G Investment Management Ltd., Tributary Capital Management LLC, Prospect Capital Advisors LLC, Peregrine Capital Management LLC, and Systematic Financial Management LP.

SIMO stock was purchased by a variety of institutional investors in the last quarter, including Man Group plc, Millennium Management LLC, Acadian Asset Management LLC, Point72 Asset Management L.P., Lazard Asset Management LLC, Canada Pension Plan Investment Board, Lord Abbett & CO. LLC, and Russell Investments Group Ltd..

Shares of SIMO 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.
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One share of SIMO stock can currently be purchased for approximately $63.40.

Silicon Motion Technology has a market capitalization of $2.21 billion and generates $539.52 million in revenue each year. The semiconductor producer earns $79.75 million in net income (profit) each year or $2.28 on an earnings per share basis.

Silicon Motion Technology employs 1,323 workers across the globe.

The official website for Silicon Motion Technology is www.siliconmotion.com.

Silicon Motion Technology is headquartered at 8F-1 NO. 36 TAIYUAN STREET JHUBEI CITY, HSINCHU COUNTY F5, 302.

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]