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S&P 500   3,941.26
DOW   33,596.34
QQQ   281.68
Franchising Could Be the Secret to Reaping the Rewards of a Down Economy. Here Are 5 Reasons Why.
Without Graphite, There Would Be ZERO EV Batteries! (Ad)
Splunk is Suddenly Looking Like a Slam Dunk
CrowdStrike Selloff: It's Time For Investors to Strike
Without Graphite, There Would Be ZERO EV Batteries! (Ad)
Can GlobalFoundries Be the U.S. Version of Taiwan Semi ?
3 Big Box Retail Bets for the Holidays
China Threatens U.S. Defense and Economic Security (Ad)
How Long Does it Take to Become a Profitable Trader?
Biden visits Arizona computer chip site, highlights jobs
S&P 500   3,941.26
DOW   33,596.34
QQQ   281.68
Franchising Could Be the Secret to Reaping the Rewards of a Down Economy. Here Are 5 Reasons Why.
Without Graphite, There Would Be ZERO EV Batteries! (Ad)
Splunk is Suddenly Looking Like a Slam Dunk
CrowdStrike Selloff: It's Time For Investors to Strike
Without Graphite, There Would Be ZERO EV Batteries! (Ad)
Can GlobalFoundries Be the U.S. Version of Taiwan Semi ?
3 Big Box Retail Bets for the Holidays
China Threatens U.S. Defense and Economic Security (Ad)
How Long Does it Take to Become a Profitable Trader?
Biden visits Arizona computer chip site, highlights jobs
S&P 500   3,941.26
DOW   33,596.34
QQQ   281.68
Franchising Could Be the Secret to Reaping the Rewards of a Down Economy. Here Are 5 Reasons Why.
Without Graphite, There Would Be ZERO EV Batteries! (Ad)
Splunk is Suddenly Looking Like a Slam Dunk
CrowdStrike Selloff: It's Time For Investors to Strike
Without Graphite, There Would Be ZERO EV Batteries! (Ad)
Can GlobalFoundries Be the U.S. Version of Taiwan Semi ?
3 Big Box Retail Bets for the Holidays
China Threatens U.S. Defense and Economic Security (Ad)
How Long Does it Take to Become a Profitable Trader?
Biden visits Arizona computer chip site, highlights jobs
NASDAQ:SIMO

Silicon Motion Technology - SIMO Stock Forecast, Price & News

$63.22
0.00 (0.00%)
(As of 12/6/2022 12:00 AM ET)
Add
Compare
Today's Range
$62.74
$63.50
50-Day Range
$52.11
$69.20
52-Week Range
$51.82
$98.65
Volume
180,698 shs
Average Volume
527,749 shs
Market Capitalization
$2.09 billion
P/E Ratio
10.25
Dividend Yield
3.15%
Price Target
$103.00

Silicon Motion Technology MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
62.9% Upside
$103.00 Price Target
Short Interest
Healthy
3.46% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.63mentions of Silicon Motion Technology in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-3.14%
From $5.74 to $5.56 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.69 out of 5 stars

Computer And Technology Sector

85th out of 627 stocks

Semiconductors & Related Devices Industry

13th out of 92 stocks

SIMO stock logo

About Silicon Motion Technology (NASDAQ:SIMO) Stock

Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. It offers controllers for computing-grade solid state drives (SSDs), which are used in PCs and other client devices; enterprise-grade SSDs used in data centers; eMMC and UFS mobile embedded storage for use in smartphones and IoT devices; flash memory cards and flash drives for use in expandable storage; and specialized SSDs that are used in industrial, commercial, and automotive applications. It markets its controllers under the SMI brand; enterprise-grade SSDs under the Shannon Systems brand; and single-chip industrial-grade SSDs under the Ferri SSD, Ferri-eMMC, and Ferri-UFS brands. The company markets and sells its products through direct sales personnel and independent electronics distributors to NAND flash makers, module makers, hyperscalers, and OEMs. It operates in Taiwan, the United States, South Korea, China, Malaysia, Singapore, and internationally. Silicon Motion Technology Corporation was founded in 1995 and is based in Hong Kong, Hong Kong.

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SIMO Stock News Headlines

Silicon Motion heads north on Needham upgrade
Silicon Motion (SIMO) was upgraded to a Buy Rating at Susquehanna
SIMO Silicon Motion Technology Corporation
Hot M&A Catch-Up: Twitter, Adobe, Silicon Motion
Silicon Motion Technology Becomes Oversold
SIMO vs. NVMI: Which Stock Is the Better Value Option?
Silicon Motion Announces MonTitan(TM)
See More Headlines
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SIMO Company Calendar

Last Earnings
10/27/2021
Today
12/06/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/25/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:SIMO
Employees
1,434
Year Founded
1995

Price Target and Rating

Average Stock Price Forecast
$103.00
High Stock Price Forecast
$110.00
Low Stock Price Forecast
$75.00
Forecasted Upside/Downside
+62.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
5 Analysts

Profitability

Net Income
$200 million
Pretax Margin
25.79%

Debt

Sales & Book Value

Annual Sales
$922.10 million
Cash Flow
$6.18 per share
Book Value
$18.83 per share

Miscellaneous

Free Float
31,281,000
Market Cap
$2.09 billion
Optionable
Optionable
Beta
0.95

Social Links


Key Executives

  • Mr. Chia-Chang Kou (Age 64)
    Founder, Pres, CEO, MD & Director
  • Mr. Riyadh Lai (Age 53)
    Chief Financial Officer
  • Mr. Ken Chen (Age 61)
    VP of Operations
  • Mr. Kevin Yeh (Age 58)
    VP of R&D, Algorithm and Technology
  • Mr. Christopher A. Chaney
    Director of Investor Relations & Strategy
  • Mr. Arthur Yeh (Age 61)
    VP of Sales, Asia & Greater China
  • Mr. Nelson S. Duann (Age 53)
    Sr. VP of Marketing & R&D and Director
  • Mr. Robert C. Fan (Age 58)
    Pres of SMI USA
  • Ms. Michelle Lin
    VP of Fin. & Corp. Controller













SIMO Stock - Frequently Asked Questions

Should I buy or sell Silicon Motion Technology stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SIMO shares.
View SIMO analyst ratings
or view top-rated stocks.

What is Silicon Motion Technology's stock price forecast for 2023?

6 Wall Street research analysts have issued 1 year price objectives for Silicon Motion Technology's stock. Their SIMO share price forecasts range from $75.00 to $110.00. On average, they expect the company's share price to reach $103.00 in the next year. This suggests a possible upside of 62.9% from the stock's current price.
View analysts price targets for SIMO
or view top-rated stocks among Wall Street analysts.

How have SIMO shares performed in 2022?

Silicon Motion Technology's stock was trading at $95.03 at the beginning of 2022. Since then, SIMO stock has decreased by 33.5% and is now trading at $63.22.
View the best growth stocks for 2022 here
.

Are investors shorting Silicon Motion Technology?

Silicon Motion Technology saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 1,190,000 shares, a decrease of 45.9% from the October 31st total of 2,200,000 shares. Based on an average daily volume of 363,400 shares, the short-interest ratio is presently 3.3 days. Currently, 3.5% of the shares of the company are sold short.
View Silicon Motion Technology's Short Interest
.

When is Silicon Motion Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 25th 2023.
View our SIMO earnings forecast
.

How were Silicon Motion Technology's earnings last quarter?

Silicon Motion Technology Co. (NASDAQ:SIMO) posted its earnings results on Wednesday, October, 27th. The semiconductor producer reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.54 by $0.16. The semiconductor producer had revenue of $254.24 million for the quarter, compared to analyst estimates of $250.45 million. Silicon Motion Technology had a trailing twelve-month return on equity of 32.05% and a net margin of 20.76%. Silicon Motion Technology's revenue for the quarter was up 101.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.70 EPS.

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 14th. Stockholders of record on Thursday, August 11th will be given a dividend of $0.50 per share on Thursday, August 25th. This represents a $2.00 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Wednesday, August 10th.
Read our dividend analysis for SIMO
.

Is Silicon Motion Technology a good dividend stock?

Silicon Motion Technology (NASDAQ:SIMO) pays an annual dividend of $1.99 per share and currently has a dividend yield of 3.15%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 32.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SIMO will have a dividend payout ratio of 35.79% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SIMO.

What is Wallace C. Kou's approval rating as Silicon Motion Technology's CEO?

8 employees have rated Silicon Motion Technology Chief Executive Officer Wallace C. Kou on Glassdoor.com. Wallace C. Kou has an approval rating of 76% among the company's employees.

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), Gilead Sciences (GILD), Netflix (NFLX), AbbVie (ABBV), QUALCOMM (QCOM), Visa (V) and Marvell Technology (MRVL).

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 shareholders include Westchester Capital Management LLC (3.25%), Sand Grove Capital Management LLP (3.03%), Mangrove Partners (2.24%), Grantham Mayo Van Otterloo & Co. LLC (2.17%), State Street Corp (1.94%) and Systematic Financial Management LP (1.55%).

How do I buy shares of Silicon Motion Technology?

Shares of SIMO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Silicon Motion Technology's stock price today?

One share of SIMO stock can currently be purchased for approximately $63.22.

How much money does Silicon Motion Technology make?

Silicon Motion Technology (NASDAQ:SIMO) has a market capitalization of $2.09 billion and generates $922.10 million in revenue each year. The semiconductor producer earns $200 million in net income (profit) each year or $6.17 on an earnings per share basis.

How many employees does Silicon Motion Technology have?

The company employs 1,434 workers across the globe.

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 official website for the company is www.siliconmotion.com. The semiconductor producer can be reached via phone at (522) 307-4768, via email at ir@siliconmotion.com, or via fax at 852-2307-4368.

This page (NASDAQ:SIMO) was last updated on 12/7/2022 by MarketBeat.com Staff