Silicon Motion Technology Corporation Company Profile (NASDAQ:SIMO)

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

Silicon Motion Technology Corporation declared a dividend on Tuesday, November 1st. Shareholders of record on Monday, August 7th will be given a dividend of $0.198 per share on Thursday, August 17th. The ex-dividend date of this dividend is Thursday, August 3rd. View Silicon Motion Technology Corporation's Dividend History.

Silicon Motion Technology Corporation (NASDAQ:SIMO) announced its earnings results on Thursday, October, 27th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.13. The company had revenue of $158.60 million for the quarter, compared to the consensus estimate of $149.16 million. Silicon Motion Technology Corporation had a return on equity of 26.91% and a net margin of 19.52%. The business's quarterly revenue was up 66.2% on a year-over-year basis. During the same quarter last year, the business earned $0.57 earnings per share. View Silicon Motion Technology Corporation's Earnings History.

Silicon Motion Technology Corporation is scheduled to release their next quarterly earnings announcement on Monday, July, 31st 2017. View Earnings Estimates for Silicon Motion Technology Corporation.

12 equities research analysts have issued twelve-month target prices for Silicon Motion Technology Corporation's stock. Their predictions range from $50.00 to $68.75. On average, they anticipate Silicon Motion Technology Corporation's stock price to reach $57.61 in the next year. View Analyst Ratings for Silicon Motion Technology Corporation.

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

• 1. Needham & Company LLC analysts commented, "SIMO lowered its 2Q17 revenue range to slightly below" the previous range of $134-$140. The culprit remains ongoing NAND tightness adversely affecting the client SSD segment. Due to the tightness in NAND as a result of the 2D-3D NAND transition, the major flash OEMs are prioritizing enterprise and datacenter allocation over client SSDs, which is driving up the pricing of client SSDs. This phenomenon has been occurring since the beginning of the year and our view that it would begin to loosen starting end of June qrt is not bearing out. Thus, with reduced visibility into 2H17, we are lowering our estimates for Sept and December." (7/7/2017)
• 2. According to Zacks Investment Research, "Silicon Motion continues to benefit from strategic product launches. Additionally, continuing investments on product development will drive growth. The full-year 2017 guidance is positive. We note that the company has underperformed the broader market on a year-to-date basis. Meanwhile, estimates have been stable lately ahead of the Q2 earnings release. The company has positive record of earnings surprises in recent quarters. We expect share price momentum to continue driven by significant improvement in NAND flash supply in second-half 2017. Moreover, strategic product launches and strong commitment toward R&D activities are key catalysts." (7/4/2017)
• 3. Brean Capital analysts commented, "We believe QUIK represents a differentiated investment opportunity in mobile sensor processors. With transition to newer sensor hub products, we remain comfortable with the significant ramp potential ahead. We are encouraged by the company’s initiation of an IP licensing program and now have even higher confidence in our revenue growth forecast. We maintain our Buy rating. Launching FPGA Licensing Effort. QUIK announced a new FPGA IP licensing program (eFPGA), in conjunction with Global Foundry’s FDXcelerator partner program. With a long history of fabless FPGA production and development tool expertise, we believe QUIK represents the natural vendor of merchant eFPGA IP . Given the significant M&A activity in the FPGA segment, we believe the decision to offer eFPGA is very timely and can broaden availability of an increasingly scare IP capability . We believe QUIK’s focus on high volume, low power mobile and IoT applications can support a high royalty revenue opportunity, like comparables CEVA (CEVA-Buy), ARM Holdings and Imagination (IMG.LON-NC). While we expect additional foundries and initial licensing sometime around mid-2017, this announcement increases our confidence in our 2017 revenue growth projection." (12/1/2016)

Some companies that are related to Silicon Motion Technology Corporation include Advanced Energy Industries (AEIS), Sanmina Corporation (SANM), Semtech Corporation (SMTC), Vishay Intertechnology (VSH), Cree (CREE), Tower Semiconductor (TSEM), Power Integrations (POWI), Mellanox Technologies (MLNX), Rogers Corporation (ROG), Cabot Microelectronics Corporation (CCMP), Plexus Corp. (PLXS), Celestica (CLS), MaxLinear (MXL), Benchmark Electronics (BHE), Ambarella (AMBA), Inphi Corporation (IPHI), Diodes Incorporated (DIOD) and Veeco Instruments (VECO).

Silicon Motion Technology Corporation's management team includes the folowing people:

• James Chow, Chairman of the Board
• Wallace C. Kou, President, Chief Executive Officer, Director
• Riyadh Lai, Chief Financial Officer
• Sangwoo Han, Senior Vice President, General Manager - Mobile Communications
• Ken Chen, Vice President - Operations
• Frank Chang, Vice President - Research & Development, Mobile Storage
• Jong Ryul Lee, Vice President - Research & Development, Mobile Communications
• Frank Jucheng Shu, Vice President - Research & Development, SSD System Technology and VCT
• Kevin Yeh, Vice President - Research & Development, Algorithm and Technology
• Jason Chiang, Vice President - Human Resources and Administration, Special Assistant to Chief Executive Officer

Silicon Motion Technology Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Acadian Asset Management LLC (1.62%), Peregrine Capital Management LLC (1.07%), Tributary Capital Management LLC (0.67%), Russell Investments Group Ltd. (0.64%), Eqis Capital Management Inc. (0.12%) and Janney Montgomery Scott LLC (0.06%). View Institutional Ownership Trends for Silicon Motion Technology Corporation.

Silicon Motion Technology Corporation's stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Peregrine Capital Management LLC, Independent Portfolio Consultants Inc., Dubuque Bank & Trust Co., Beacon Financial Group, First National Bank of Omaha, Eqis Capital Management Inc. and Meridian Wealth Management LLC. View Insider Buying and Selling for Silicon Motion Technology Corporation.

Silicon Motion Technology Corporation's stock was bought by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Tributary Capital Management LLC, Mizuho Securities USA LLC, US Bancorp DE, Atria Investments LLC, Aperio Group LLC, Congress Asset Management Co. MA and Janney Montgomery Scott LLC. View Insider Buying and Selling for Silicon Motion Technology Corporation.

Shares of Silicon Motion Technology Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Silicon Motion Technology Corporation stock can currently be purchased for approximately $41.60.