NASDAQ:SIMOSilicon Motion Technology Stock Price, Forecast & News

$44.29

+0.71 (+1.63 %)

(As of 07/14/2020 04:00 PM ET)

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Today's Range

$42.91

Now: $44.29▼

$44.80

50-Day Range

$42.90

MA: $45.59▼

$49.31

52-Week Range

$26.72

Now: $44.29▼

$53.04

Volume306,505 shs

Average Volume354,586 shs

Market Capitalization$1.62 billion

P/E Ratio18.93

Dividend Yield3.19%

Beta1.25

Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets semiconductor solutions for the mobile and enterprise storage, and mobile communications markets worldwide. It offers embedded storage and expandable storage products, including NAND flash controllers, such as embedded multimediacard (eMMC), universal flash storage, client solid-state drive (SSD), secure digital card, flash memory card controller, and universal serial bus flash drive controller products. The company also provides specialty storage solutions, such as customized enterprise-grade peripheral component interconnect express 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 (SoCs) and low power WiFi SoCs. 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 controllers under the SMI brand; enterprise-grade SSDs under the Shannon brand; single-chip industrial-grade SSDs under the Ferri SSD and Ferri-eMMC brands; RF ICs under the FCI brand; and software-defined storage products under the Bigtera brand. The company markets and sells its products through direct sales personnel and independent electronics distributors to flash manufacturers, original equipment manufacturers, and module makers. Silicon Motion Technology Corporation was founded in 1995 and is based in Kowloon, Hong Kong.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
Silicon Motion Technology has received a consensus rating of Buy. The company's average rating score is 2.58, and is based on 7 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $53.45, Silicon Motion Technology has a potential upside of 20.7% from its current price of $44.29.
Amount of Analyst Coverage
Silicon Motion Technology has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.2 Community Rank

Outperform Votes
Silicon Motion Technology has received 774 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Silicon Motion Technology has received 434 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Silicon Motion Technology has received 64.07% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Silicon Motion Technology 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.

1.7 Dividend Strength

Dividend Yield
Silicon Motion Technology pays a meaningful dividend of 3.19%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Silicon Motion Technology has only been increasing its dividend for 4 years.
Dividend Coverage
The dividend payout ratio of Silicon Motion Technology is 76.37%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Silicon Motion Technology will have a dividend payout ratio of 44.84% next year. This indicates that Silicon Motion Technology will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Silicon Motion Technology insiders have not sold or bought any company stock.
Percentage Held by Institutions
70.17% of the stock of Silicon Motion Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Silicon Motion Technology are expected to grow by 8.39% in the coming year, from $2.86 to $3.10 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Silicon Motion Technology is 18.93, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.70.
Price to Earnings Ratio vs. Sector
The P/E ratio of Silicon Motion Technology is 18.93, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 42.46.
Price to Earnings Growth Ratio
Silicon Motion Technology has a PEG Ratio of 2.19. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Silicon Motion Technology has a P/B Ratio of 2.98. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.08 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Semiconductors & related devices

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNASDAQ:SIMO

Previous Symbol

CUSIPN/A

CIK1329394

Webwww.siliconmotion.com

Phone886-3552-6888

Debt

Debt-to-Equity RatioN/A

Current Ratio4.53

Quick Ratio3.73

Price-To-Earnings

Trailing P/E Ratio18.93

Forward P/E Ratio15.49

P/E Growth2.19

Sales & Book Value

Annual Sales$457.25 million

Price / Sales3.54

Cash Flow$2.18 per share

Price / Cash Flow20.36

Book Value$14.87 per share

Price / Book2.98

Profitability

EPS (Most Recent Fiscal Year)$1.82

Net Income$64.40 million

Net Margins16.56%

Return on Equity14.75%

Return on Assets11.81%

Miscellaneous

Employees1,250

Outstanding Shares36,520,000

Market Cap$1.62 billion

Next Earnings Date7/29/2020 (Confirmed)

OptionableOptionable

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Silicon Motion Technology (NASDAQ:SIMO) Frequently Asked Questions

How has Silicon Motion Technology's stock been impacted by COVID-19 (Coronavirus)?

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 shares have increased by 20.4% and is now trading at $44.29. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Silicon Motion Technology?

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.

When is Silicon Motion Technology's next earnings date?

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.

How can I listen to Silicon Motion Technology's earnings call?

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.

How were Silicon Motion Technology's earnings last quarter?

Silicon Motion Technology Corp. (NASDAQ:SIMO) announced its quarterly earnings data on Tuesday, April, 28th. The semiconductor producer reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.13. The semiconductor producer had revenue of $132.77 million for the quarter, compared to the consensus estimate of $130.93 million. Silicon Motion Technology had a net margin of 16.56% and a return on equity of 14.75%. The business's revenue for the quarter was up 40.2% on a year-over-year basis. During the same period last year, the business posted $0.42 earnings per share. View Silicon Motion Technology's earnings history.

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

Silicon Motion Technology announced a quarterly dividend on Thursday, April 16th. Stockholders 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 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Wednesday, May 6th. View Silicon Motion Technology's dividend history.

How will Silicon Motion Technology's stock buyback program work?

Silicon Motion Technology announced that its board has approved a stock 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 reacquire up to 15.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its shares are undervalued.

What guidance has Silicon Motion Technology issued on next quarter's earnings?

Silicon Motion Technology issued an update on its second quarter 2020 Pre-Market earnings guidance on Tuesday, July, 7th. The company provided earnings per share (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.

What price target have analysts set for SIMO?

12 equities research analysts have issued 1 year target prices for Silicon Motion Technology's stock. Their forecasts range from $39.00 to $62.00. On average, they anticipate Silicon Motion Technology's share price to reach $53.45 in the next twelve months. This suggests a possible upside of 20.7% from the stock's current price. View analysts' price targets for Silicon Motion Technology.

What are Wall Street analysts saying about Silicon Motion Technology stock?

Here are some recent quotes from research analysts about Silicon Motion Technology stock:

1. According to Zacks Investment Research, "Silicon Motion’s third-quarter earnings beat the Zacks Consensus Estimate. However, both top and bottom line declined year over year. Nonetheless, the company provided promising fourth-quarter revenue guidance. Notably, the company’s Open-Channel Shannon SSDs are being commercially deployed in data centers of Alibaba and another “B-A-T customer,” which is a significant milestone. Silicon Motion is anticipated to benefit from adoption of its enterprise and industrial SSD offerings in the days ahead. However, higher sales of lower margined SSD solutions are likely to weigh on margins. Furthermore, uncertain macroeconomic conditions and imposition of tariff owing to the U.S.-China trade war has kept the company’s OEM customers and NAND flash vendors on tenterhooks for quite some time now, which remains a concern." (11/2/2019)
2. Needham & Company LLC analysts commented, "We think some of weakness is due to a pause ahead of WiFi 6 product launches. Our street low estimates are unchanged. The Company also named a permanent CEO replacing the interim CEO. Maintain our OP and our $17 PT." (8/9/2019)

Has Silicon Motion Technology been receiving favorable news coverage?

News articles about SIMO stock have been trending somewhat negative on Tuesday, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Silicon Motion Technology earned a media sentiment score of -1.5 on InfoTrie's scale. They also assigned media coverage about the semiconductor producer a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news about Silicon Motion Technology.

Are investors shorting Silicon Motion Technology?

Silicon Motion Technology saw a drop in short interest in the month of 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 trading volume of 358,600 shares, the short-interest ratio is currently 0.8 days. Currently, 0.8% of the company's shares are sold short. View Silicon Motion Technology's Current Options Chain.

Who are some of Silicon Motion Technology's key competitors?

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

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), 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).

Who are Silicon Motion Technology's key executives?

Silicon Motion Technology's management team includes the following people:

Mr. Chia-Chang Kou, Founder, Pres, CEO & Director (Age 61)
Mr. Riyadh Lai, Chief Financial Officer (Age 50)
Mr. Ken Chen, VP of Operations (Age 58)
Mr. Chi-Chen Chiang, VP of HR & Admin. and Special Assistant to CEO (Age 52)
Mr. Nelson S. Duann, Sr. VP of Marketing & R&D, Mobile Storage and Director (Age 50)

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 variety of institutional and retail investors. Top institutional investors 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%).

Which institutional investors are selling Silicon Motion Technology stock?

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.

Which institutional investors are buying Silicon Motion Technology stock?

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.

How do I buy shares of Silicon Motion Technology?

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.

What is Silicon Motion Technology's stock price today?

One share of SIMO stock can currently be purchased for approximately $44.29.

How big of a company is Silicon Motion Technology?

Silicon Motion Technology has a market capitalization of $1.62 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.

What is Silicon Motion Technology's official website?

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

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 semiconductor producer can be reached via phone at 886-3552-6888 or via email at [email protected]

This page was last updated on 7/14/2020 by MarketBeat.com Staff

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