NASDAQ:SIMOSilicon Motion Technology Stock Price, Forecast & News

Silicon Motion Technology's stock was trading at $36.79 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SIMO shares have increased by 4.8% and is now trading at $38.55. View which stocks have been mosted impacted by Coronavirus.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last year. There are currently 1 sell rating, 4 hold ratings and 7 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 Thursday, May 7th 2020. View our earnings forecast for Silicon Motion Technology.

Silicon Motion Technology Corp. (NASDAQ:SIMO) released its earnings results on Thursday, February, 6th. The semiconductor producer reported $0.96 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.87 by $0.09. The semiconductor producer earned $153.20 million during the quarter, compared to analysts' expectations of $147.73 million. Silicon Motion Technology had a return on equity of 12.33% and a net margin of 14.08%. The business's revenue was up 24.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.83 EPS. View Silicon Motion Technology's earnings history.

Silicon Motion Technology declared a quarterly dividend on Monday, February 3rd. Investors of record on Thursday, February 13th will be given a dividend of $0.35 per share on Thursday, February 27th. This represents a $1.40 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Wednesday, February 12th. View Silicon Motion Technology's dividend history.

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

Silicon Motion Technology updated its first quarter 2020 Pre-Market earnings guidance on Thursday, March, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $130-130 million, compared to the consensus revenue estimate of $131.64 million.

12 brokers have issued 1-year price targets for Silicon Motion Technology's stock. Their forecasts range from $39.00 to $65.00. On average, they expect Silicon Motion Technology's share price to reach $51.80 in the next year. This suggests a possible upside of 34.4% from the stock's current price. View analysts' price targets for Silicon Motion Technology.

News coverage about SIMO stock has trended very negative on Saturday, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Silicon Motion Technology earned a news sentiment score of -3.3 on InfoTrie's scale. They also assigned media coverage about the semiconductor producer a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutSilicon Motion Technology.

Silicon Motion Technology saw a drop in short interest in the month of March. As of March 13th, there was short interest totaling 203,500 shares, a drop of 5.8% from the February 27th total of 216,100 shares. Based on an average daily trading volume, of 396,300 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.6% of the shares of the company are sold short. View Silicon Motion Technology's Current Options Chain.

Some companies that are related to Silicon Motion Technology include IPG Photonics (IPGP), United Microelectronics (UMC), ON Semiconductor (ON), Solaredge Technologies (SEDG), First Solar (FSLR), Enphase Energy (ENPH), Cree (CREE), Inphi (IPHI), Cirrus Logic (CRUS), SUMCO CORP/ADR (SUOPY), Silicon Laboratories (SLAB), Cabot Microelectronics (CCMP), Finisar (FNSR), Acacia Communications (ACIA) and Power Integrations (POWI).

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

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 $38.55.

Silicon Motion Technology has a market capitalization of $1.39 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 1,307 workers across the globe. View additional information about Silicon Motion Technology.

The official website for Silicon Motion Technology is http://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]