Silicon Motion Technology Stock Forecast, Price & News

Silicon Motion Technology's stock was trading at $36.79 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SIMO stock has increased by 2.7% and is now trading at $37.78.
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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.

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.

Silicon Motion Technology Corp. (NASDAQ:SIMO) posted its quarterly earnings data on Wednesday, July, 29th. The semiconductor producer reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.08. The semiconductor producer had revenue of $136.80 million for the quarter, compared to the consensus estimate of $134.17 million. Silicon Motion Technology had a net margin of 15.71% and a return on equity of 14.91%. The firm's revenue for the quarter was up 38.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.52 EPS.
View Silicon Motion Technology's earnings history.

Silicon Motion Technology declared a quarterly dividend on Thursday, July 16th. Shareholders 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 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Wednesday, August 5th.
View Silicon Motion Technology's dividend history.

Silicon Motion Technology declared that its board has authorized a share buyback program on Wednesday, November 21st 2018, which permits the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 15.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

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.

11 brokers have issued 1-year price objectives 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 40.0% from the stock's current price.
View analysts' price targets for Silicon Motion Technology.

Silicon Motion Technology saw a decline in short interest during 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 currently 0.9 days. Approximately 0.9% of the shares of the company are sold short.
View Silicon Motion Technology's Short Interest.

Some companies that are related to Silicon Motion Technology include Silicon Laboratories (SLAB), Cabot Microelectronics (CCMP), SUMCO CORP/ADR (SUOPY), Cirrus Logic (CRUS), Lattice Semiconductor (LSCC), AU Optronics (AUO), AU Optronics (AUOTY), Semtech (SMTC), BE Semiconductor Industrs (BESIY), Dialog Semiconductor (DLGNF), Power Integrations (POWI), Diodes (DIOD), Acacia Communications (ACIA), Synaptics (SYNA) and Amkor Technology (AMKR).
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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."

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 $37.78.

Silicon Motion Technology has a market capitalization of $1.38 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.

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]