Silicon Motion Technology Stock Forecast, Price & News

Silicon Motion Technology's stock was trading at $36.79 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SIMO stock has increased by 5.7% and is now trading at $38.87.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Silicon Motion Technology or view MarketBeat's top 5 stock picks.

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Silicon Motion Technology is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
View our earnings forecast for Silicon Motion Technology.

Silicon Motion Technology Co. (NASDAQ:SIMO) announced its quarterly earnings results on Saturday, November, 7th. The semiconductor producer reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.09. The semiconductor producer had revenue of $126.04 million for the quarter, compared to the consensus estimate of $120.67 million. Silicon Motion Technology had a net margin of 15.71% and a return on equity of 14.91%. The firm's revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS.
View Silicon Motion Technology's earnings history.

Silicon Motion Technology announced a quarterly dividend on Thursday, October 29th. Investors of record on Thursday, November 12th will be paid a dividend of $0.35 per share on Wednesday, November 25th. This represents a $1.40 annualized dividend and a yield of 3.60%. The ex-dividend date is Tuesday, November 10th.
View Silicon Motion Technology's dividend history.

Silicon Motion Technology updated its fourth quarter 2020 After-Hours earnings guidance on Monday, November, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $130-139 million, compared to the consensus revenue estimate of $128.03 million.

11 analysts have issued 12 month price targets for Silicon Motion Technology's stock. Their forecasts range from $45.00 to $60.00. On average, they anticipate Silicon Motion Technology's share price to reach $52.90 in the next twelve months. This suggests a possible upside of 36.1% from the stock's current price.
View analysts' price targets for Silicon Motion Technology.

Silicon Motion Technology saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 210,700 shares, a drop of 30.0% from the October 31st total of 301,200 shares. Based on an average trading volume of 269,700 shares, the short-interest ratio is currently 0.8 days. Approximately 0.6% of the company's shares are sold short.
View Silicon Motion Technology's Short Interest.

Some companies that are related to Silicon Motion Technology include Silicon Laboratories (SLAB), Cirrus Logic (CRUS), Allegro MicroSystems (ALGM), Semtech (SMTC), CMC Materials (CCMP), Power Integrations (POWI), AU Optronics (AUO), AU Optronics (AUOTY), BE Semiconductor Industries (BESIY), Dialog Semiconductor (DLGNF), Amkor Technology (AMKR), Diodes (DIOD), SunPower (SPWR), FormFactor (FORM) and Viavi Solutions (VIAV).
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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 Group (MRVL).

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

Silicon Motion Technology's stock is owned by many different retail and institutional investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (6.22%), Cardinal Capital Management LLC CT (5.51%), BlackRock Inc. (4.29%), ARGA Investment Management LP (4.27%), Acadian Asset Management LLC (1.40%) and M&G Investment Management Ltd. (1.31%).

SIMO stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Morgan Stanley, JPMorgan Chase & Co., Royce & Associates LP, Peregrine Capital Management LLC, Raymond James & Associates, State Street Corp, and Ashfield Capital Partners LLC.

SIMO stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Acadian Asset Management LLC, M&G Investment Management Ltd., Arrowstreet Capital Limited Partnership, Cardinal Capital Management LLC CT, Schafer Cullen Capital Management Inc, US Bancorp DE, and Nokomis Capital L.L.C..

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 $38.87.

Silicon Motion Technology has a market capitalization of $1.42 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 1,237 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]