NASDAQ:SIMOSilicon Motion Technology Stock Price, Forecast & News

Silicon Motion Technology's stock was trading at $36.79 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SIMO stock has increased by 18.9% and is now trading at $43.76. View which stocks have been most impacted by Coronavirus.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last year. There are currently 5 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 Wednesday, July 29th 2020. View our earnings forecast for Silicon Motion Technology.

Silicon Motion Technology will be holding an earnings conference call on Wednesday, July 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Silicon Motion Technology Corp. (NASDAQ:SIMO) posted its earnings results on Tuesday, April, 28th. The semiconductor producer reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.13. The semiconductor producer had revenue of $132.77 million for the quarter, compared to analysts' expectations of $130.93 million. Silicon Motion Technology had a return on equity of 14.75% and a net margin of 16.56%. The firm's quarterly revenue was up 40.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.42 earnings per share. View Silicon Motion Technology's earnings history.

Silicon Motion Technology announced a quarterly dividend on Thursday, April 16th. Investors of record on Thursday, May 7th will be paid a dividend of $0.35 per share on Thursday, May 21st. This represents a $1.40 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Wednesday, May 6th. View Silicon Motion Technology's dividend history.

Silicon Motion Technology declared that its Board of Directors has authorized a share buyback plan on Wednesday, November 21st 2018, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 15.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

Silicon Motion Technology updated its second quarter 2020 Pre-Market earnings guidance on Tuesday, July, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $133-138 million, compared to the consensus revenue estimate of $139.07 million.

12 equities research analysts have issued 12-month price targets for Silicon Motion Technology's stock. Their forecasts range from $39.00 to $62.00. On average, they expect Silicon Motion Technology's share price to reach $53.45 in the next year. This suggests a possible upside of 22.2% from the stock's current price. View analysts' price targets for Silicon Motion Technology.

News headlines about SIMO stock have been trending neutral recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Silicon Motion Technology earned a daily sentiment score of 0.4 on InfoTrie's scale. They also assigned media coverage about the semiconductor producer a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news about Silicon Motion Technology.

Silicon Motion Technology saw a drop in short interest in June. As of June 30th, there was short interest totaling 275,700 shares, a drop of 15.0% from the June 15th total of 324,300 shares. Based on an average daily trading volume, of 358,600 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.8% of the shares of the company are short sold. View Silicon Motion Technology's Current Options Chain.

Some companies that are related to Silicon Motion Technology include Inphi (IPHI), First Solar (FSLR), SUMCO CORP/ADR (SUOPY), Silicon Laboratories (SLAB), Lattice Semiconductor (LSCC), Cabot Microelectronics (CCMP), Cirrus Logic (CRUS), Dialog Semiconductor (DLGNF), Power Integrations (POWI), BE Semiconductor Industrs (BESIY), Semtech (SMTC), AU Optronics (AUOTY), AU Optronics (AUO), Amkor Technology (AMKR) and Viavi Solutions (VIAV). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Silicon Motion Technology investors own include NVIDIA (NVDA), Alibaba Group (BABA), Advanced Micro Devices (AMD), Micron Technology (MU), Netflix (NFLX), Marvell Technology Group (MRVL), QUALCOMM (QCOM), Gilead Sciences (GILD), AbbVie (ABBV) and General Electric (GE).

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 Skyline Asset Management LP (0.41%), Envestnet Asset Management Inc. (0.18%), Diversified Trust Co (0.05%), Mount Yale Investment Advisors LLC (0.01%) and Patriot Financial Group Insurance Agency LLC (0.00%).

SIMO stock was sold by a variety of institutional investors in the last quarter, including Skyline Asset Management LP, and Patriot Financial Group Insurance Agency LLC.

SIMO stock was bought by a variety of institutional investors in the last quarter, including Diversified Trust Co, Envestnet Asset Management Inc., and Mount Yale Investment Advisors LLC.

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 $43.76.

Silicon Motion Technology has a market capitalization of $1.60 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]