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NASDAQ:SIMO

Silicon Motion Technology Stock Forecast, Price & News

$38.00
-0.04 (-0.11 %)
(As of 09/22/2020 12:00 AM ET)
Add
Compare
Today's Range
$37.46
Now: $38.00
$38.57
50-Day Range
$35.18
MA: $38.34
$41.92
52-Week Range
$26.72
Now: $38.00
$53.04
Volume152,459 shs
Average Volume337,595 shs
Market Capitalization$1.39 billion
P/E Ratio15.90
Dividend Yield3.65%
Beta1.11
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.
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Silicon Motion Technology logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 3.2Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.21 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustryN/A
Current SymbolNASDAQ:SIMO
CUSIPN/A
Phone886-3552-6888

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$457.25 million
Cash Flow$2.30 per share
Book Value$14.87 per share

Profitability

Net Income$64.40 million

Miscellaneous

Employees1,250
Market Cap$1.39 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$38.00
-0.04 (-0.11 %)
(As of 09/22/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Silicon Motion Technology (NASDAQ:SIMO) Frequently Asked Questions

How has Silicon Motion Technology's stock been impacted by 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 3.3% and is now trading at $38.00.
View which stocks have been most impacted by COVID-19
.

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

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last year. There are currently 4 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 Tuesday, November 3rd 2020.
View our earnings forecast for Silicon Motion Technology
.

How were Silicon Motion Technology's earnings last quarter?

Silicon Motion Technology Corp. (NASDAQ:SIMO) announced its earnings results on Wednesday, July, 29th. The semiconductor producer reported $0.81 EPS for the quarter, topping the Zacks' consensus estimate of $0.73 by $0.08. The semiconductor producer earned $136.80 million during the quarter, compared to analysts' expectations of $134.17 million. Silicon Motion Technology had a net margin of 15.71% and a return on equity of 14.91%. Silicon Motion Technology's quarterly revenue was up 38.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 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, July 16th. Investors of record on Thursday, August 6th will be paid a dividend of $0.35 per share on Thursday, August 20th. This represents a $1.40 annualized dividend and a yield of 3.68%. The ex-dividend date is Wednesday, August 5th.
View Silicon Motion Technology's dividend history
.

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

Silicon Motion Technology declared that its board has authorized a share buyback program on Wednesday, November 21st 2018, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 15.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

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

Silicon Motion Technology updated its third quarter 2020 After-Hours earnings guidance on Wednesday, July, 29th. The company provided EPS guidance of for the period. The company issued revenue guidance of $114-120 million, compared to the consensus revenue estimate of $137.83 million.

What price target have analysts set for SIMO?

11 Wall Street analysts have issued 1 year price targets for Silicon Motion Technology's shares. Their forecasts range from $39.00 to $60.00. On average, they expect Silicon Motion Technology's stock price to reach $52.20 in the next twelve months. This suggests a possible upside of 37.4% from the stock's current price.
View analysts' price targets for Silicon Motion Technology
.

Are investors shorting Silicon Motion Technology?

Silicon Motion Technology saw a decline in short interest in the month of August. As of August 14th, there was short interest totaling 296,700 shares, a decline of 50.9% from the July 30th total of 603,700 shares. Based on an average trading volume of 336,700 shares, the short-interest ratio is presently 0.9 days. Currently, 0.9% of the shares of the company are short sold.
View Silicon Motion Technology's Short Interest
.

Who are some of Silicon Motion Technology's key 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), Micron Technology (MU), Advanced Micro Devices (AMD), Alibaba Group (BABA), Netflix (NFLX), AbbVie (ABBV), Gilead Sciences (GILD), QUALCOMM (QCOM), Marvell Technology Group (MRVL) and Visa (V).

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 number of retail and institutional investors. Top institutional shareholders include ARGA Investment Management LP (4.17%), Peregrine Capital Management LLC (0.97%), Man Group plc (0.94%), Tributary Capital Management LLC (0.90%), Driehaus Capital Management LLC (0.87%) and Bank of America Corp DE (0.81%).

Which institutional investors are selling Silicon Motion Technology stock?

SIMO stock was sold by a variety of institutional investors in the last quarter, including M&G Investment Management Ltd., FMR LLC, FMR LLC, ARGA Investment Management LP, Skyline Asset Management LP, New York State Common Retirement Fund, Trexquant Investment LP, and Tygh Capital Management Inc..

Which institutional investors are buying Silicon Motion Technology stock?

SIMO stock was acquired by a variety of institutional investors in the last quarter, including Marshall Wace LLP, Driehaus Capital Management LLC, Marshall Wace North America L.P., Man Group plc, Canada Pension Plan Investment Board, Goldman Sachs Group Inc., Calamos Advisors LLC, and US Bancorp DE.

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 $38.00.

How big of a company is Silicon Motion Technology?

Silicon Motion Technology has a market capitalization of $1.39 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 9/22/2020 by MarketBeat.com Staff

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