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

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$42.99 +1.79 (+4.34 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$42.99
Today's Range$41.2079 - $43.13
52-Week Range$31.73 - $61.85
Volume431,597 shs
Average Volume427,842 shs
Market Capitalization$1.55 billion
P/E Ratio12.61
Dividend Yield2.89%
Beta1.04
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$3.6618 per share
Book Value$14.80 per share

Profitability

Net Income$100.27 million

Miscellaneous

Employees1,250
Market Cap$1.55 billion
Next Earnings Date4/25/2019 (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 special dividend on Thursday, December 27th. Investors of record on Friday, February 15th will be given a dividend of $0.30 per share on Wednesday, February 27th. This represents a yield of 3.41%. The ex-dividend date of this dividend is Thursday, February 14th. This is an increase from Silicon Motion Technology's previous special dividend of $0.15. 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 program on Wednesday, November 21st 2018, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 15.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its shares are undervalued.

How were Silicon Motion Technology's earnings last quarter?

Silicon Motion Technology Corp. (NASDAQ:SIMO) issued its quarterly earnings results on Tuesday, January, 29th. The semiconductor producer reported $0.83 EPS for the quarter, beating the Zacks' consensus estimate of $0.53 by $0.30. The semiconductor producer earned $123.39 million during the quarter, compared to analyst estimates of $123.21 million. Silicon Motion Technology had a return on equity of 21.30% and a net margin of 18.91%. During the same period in the previous year, the firm earned $0.79 EPS. 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 Thursday, April 25th 2019. View Earnings Estimates for Silicon Motion Technology.

What price target have analysts set for SIMO?

11 brokers 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 stock price to reach $51.4936 in the next year. This suggests a possible upside of 19.8% 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 2 hold ratings 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 provided modest fourth quarter results, wherein earnings topped estimates and revenues almost came in line. 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." (2/4/2019)
  • 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?

Media headlines about SIMO stock have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public 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 1.7 on InfoTrie's scale. They also gave news stories about the semiconductor producer a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future.

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 Micron Technology (MU), Alibaba Group (BABA), NVIDIA (NVDA), Ambarella (AMBA), Advanced Micro Devices (AMD), Skyworks Solutions (SWKS), Netflix (NFLX), QUALCOMM (QCOM), YY (YY) and Tesla (TSLA).

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. Jason Tsai, Sr. Director of IR and Strategy

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 shareholders include Massachusetts Financial Services Co. MA (7.57%), ARGA Investment Management LP (5.32%), Investec Asset Management LTD (4.62%), Yiheng Capital LLC (2.28%), Royce & Associates LP (1.98%) and Northcape Capital Pty Ltd (1.64%).

Which major investors are selling Silicon Motion Technology stock?

SIMO stock was sold by a variety of institutional investors in the last quarter, including Northcape Capital Pty Ltd, Bank of America Corp DE, Schafer Cullen Capital Management Inc, Hsbc Holdings PLC, Stifel Financial Corp, Northern Trust Corp, Canada Pension Plan Investment Board and Prospect Capital Advisors LLC.

Which major investors are buying Silicon Motion Technology stock?

SIMO stock was bought by a variety of institutional investors in the last quarter, including Yiheng Capital LLC, Investec Asset Management LTD, Massachusetts Financial Services Co. MA, ARGA Investment Management LP, Royce & Associates LP, D. E. Shaw & Co. Inc., Millennium Management LLC and Westpac Banking Corp.

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 $42.99.

How big of a company is Silicon Motion Technology?

Silicon Motion Technology has a market capitalization of $1.55 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:  670 (Vote Outperform)
Underperform Votes:  337 (Vote Underperform)
Total Votes:  1,007
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 2/23/2019 by MarketBeat.com Staff

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