NASDAQ:SIMO - Silicon Motion Technology Stock Price, News, & Analysis

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$40.60 -0.53 (-1.29 %)
(As of 05/19/2019 04:00 PM ET)
Previous Close$40.60
Today's Range$40.53 - $41.34
52-Week Range$31.73 - $61.85
Volume177,121 shs
Average Volume431,491 shs
Market Capitalization$1.47 billion
P/E Ratio11.91
Dividend Yield2.93%
Beta1.03
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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Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:SIMO
CUSIPN/A
Phone852-2307-4768

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$530.35 million
Cash Flow$3.8302 per share
Book Value$15.09 per share

Profitability

Net Income$100.27 million

Miscellaneous

Employees1,250
Market Cap$1.47 billion
Next Earnings Date7/30/2019 (Estimated)
OptionableOptionable

Silicon Motion Technology (NASDAQ:SIMO) Frequently Asked Questions

What is Silicon Motion Technology's stock symbol?

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

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

Silicon Motion Technology declared a dividend on Thursday, April 11th. Stockholders of record on Thursday, May 9th will be paid a dividend of $0.298 per share on Friday, May 24th. The ex-dividend date is Wednesday, May 8th. This is a positive change from Silicon Motion Technology's previous dividend of $0.20. View Silicon Motion Technology's Dividend History.

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

Silicon Motion Technology announced that its Board of Directors has initiated a share repurchase 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 purchase up to 15.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board believes its shares are undervalued.

How were Silicon Motion Technology's earnings last quarter?

Silicon Motion Technology Corp. (NASDAQ:SIMO) announced its quarterly earnings data on Thursday, May, 2nd. The semiconductor producer reported $0.42 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.35 by $0.07. The semiconductor producer earned $94.69 million during the quarter, compared to analyst estimates of $93.23 million. Silicon Motion Technology had a return on equity of 19.04% and a net margin of 17.28%. The company's quarterly revenue was down 27.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 earnings per share. View Silicon Motion Technology's Earnings History.

When is Silicon Motion Technology's next earnings date?

Silicon Motion Technology is scheduled to release their next quarterly earnings announcement on Tuesday, July 30th 2019. View Earnings Estimates for Silicon Motion Technology.

What price target have analysts set for SIMO?

11 analysts have issued twelve-month price targets for Silicon Motion Technology's stock. Their predictions range from $34.43 to $63.00. On average, they anticipate Silicon Motion Technology's share price to reach $50.4027 in the next year. This suggests a possible upside of 24.1% from the stock's current price. View Analyst Price Targets for Silicon Motion Technology.

What is the consensus analysts' recommendation for 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 1 sell rating, 1 hold rating and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings 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 is a developer of microcontroller ICs for NAND flash storage devices and specialty RF ICs for mobile devices. We believe improving supply of 64-layer 3D NAND which is bringing down high NAND prices, aided Silicon Motion’s results. Moreover, robust adoption of Ferri industrial SSDs was positive. Notably, as the company’s Open-Channel NVMe SSD controller enters into production, Client SSD Controller sales are anticipated to increase. Furthermore, company’s efforts to reward shareholders through share buybacks and dividend payments hold promise. However, the company provided tepid first quarter guidance. Further, intensifying competition in the USB flash drive controller market remains a headwind. Going forward, dip in smartphones sales might prove to be a drag on revenues. Sluggishness in Client SSD controllers owing to vigilant procurement of NAND flash solutions from module makers is a concern." (4/2/2019)
  • 2. Needham & Company LLC analysts commented, "Despite poor 1Q19 sales guidance (-18% SIMO’s shares rallied yesterday, implying to us that the bad news has been discounted in the price. Shares have fallen 26% over the past year. While we foresee volatility in the NAND supply chain in the 1H, we remain bullish on client SSD growth fueled by falling NAND pricing and rising attach rates. We think that eMMC weakness is reflected in the estimates and that we could see an open-channel ramp in the 2H19. Ultimately, valuation and potential share repurchases keeps us in the game. With $8 of net cash per share, zero debt, and a $200MM authorized stock buyback, we believe the shares have potentially bottomed. We also believe 1Q19 $0.35 could represent the trough amidst this volatile macroeconomic backdrop." (1/31/2019)

Has Silicon Motion Technology been receiving favorable news coverage?

News coverage about SIMO stock has been trending somewhat positive recently, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Silicon Motion Technology earned a media sentiment score of 1.9 on InfoTrie's scale. They also assigned press coverage about the semiconductor producer a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

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), Ambarella (AMBA), Marvell Technology Group (MRVL), Alibaba Group (BABA), Skyworks Solutions (SWKS), General Electric (GE), Netflix (NFLX) and QUALCOMM (QCOM).

Who are Silicon Motion Technology's key executives?

Silicon Motion Technology's management team includes the folowing 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)

Who are Silicon Motion Technology's major shareholders?

Silicon Motion Technology's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Lazard Asset Management LLC (6.56%), Wellington Management Group LLP (5.82%), Investec Asset Management LTD (4.61%), JPMorgan Chase & Co. (4.44%), ARGA Investment Management LP (3.74%) and BlackRock Inc. (1.90%).

Which major investors are selling Silicon Motion Technology stock?

SIMO stock was sold by a variety of institutional investors in the last quarter, including ARGA Investment Management LP, Morgan Stanley, Prospect Capital Advisors LLC, Apis Capital Advisors LLC, FMR LLC, Marshall Wace LLP, Royce & Associates LP and Northern Trust Corp.

Which major investors are buying Silicon Motion Technology stock?

SIMO stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., BlackRock Inc., Penn Capital Management Co. Inc., Skyline Asset Management LP, Cloverdale Capital Management LLC, Penn Capital Management Co. Inc., New York State Common Retirement Fund and Rock Creek Group LP.

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, Scottrade, Fidelity and Charles Schwab.

What is Silicon Motion Technology's stock price today?

One share of SIMO stock can currently be purchased for approximately $40.60.

How big of a company is Silicon Motion Technology?

Silicon Motion Technology has a market capitalization of $1.47 billion and generates $530.35 million in revenue each year. The semiconductor producer earns $100.27 million in net income (profit) each year or $3.41 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 http://www.siliconmotion.com.

How can I contact Silicon Motion Technology?

Silicon Motion Technology's mailing address is Unit 04-05 27/F 909 Cheung Sha Wan Rd, Kowloon F5, 302. The semiconductor producer can be reached via phone at 852-2307-4768 or via email at [email protected]


MarketBeat Community Rating for Silicon Motion Technology (NASDAQ SIMO)

Community Ranking:  3.3 out of 5 (star star star)
Outperform Votes:  687 (Vote Outperform)
Underperform Votes:  350 (Vote Underperform)
Total Votes:  1,037
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.
This page was last updated on 5/19/2019 by MarketBeat.com Staff

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