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

$38.32
+0.27 (+0.71 %)
(As of 10/15/2019 07:18 AM ET)
Today's Range
$37.79
Now: $38.32
$38.43
50-Day Range
$31.23
MA: $34.20
$38.39
52-Week Range
$30.86
Now: $38.32
$47.29
Volume106,849 shs
Average Volume313,397 shs
Market Capitalization$1.38 billion
P/E Ratio11.24
Dividend Yield3.13%
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. Read More…

Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:SIMO
CUSIPN/A
Phone886-3552-6888

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$530.35 million
Cash Flow$3.86 per share
Book Value$14.74 per share

Profitability

Net Income$98.07 million

Miscellaneous

Employees1,307
Market Cap$1.38 billion
Next Earnings Date10/29/2019 (Confirmed)
OptionableOptionable

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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 Monday, October 29th. Investors of record on Thursday, August 8th will be given a dividend of $0.298 per share on Thursday, August 22nd. The ex-dividend date is Wednesday, August 7th. View Silicon Motion Technology's Dividend History.

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

Silicon Motion Technology declared that its Board of Directors has approved a stock buyback program on Wednesday, November 21st 2018, which allows the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 15.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its stock is undervalued.

How were Silicon Motion Technology's earnings last quarter?

Silicon Motion Technology Corp. (NASDAQ:SIMO) issued its quarterly earnings results on Tuesday, July, 30th. The semiconductor producer reported $0.52 earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of $0.52. The semiconductor producer earned $98.80 million during the quarter, compared to the consensus estimate of $97.33 million. Silicon Motion Technology had a return on equity of 17.76% and a net margin of 17.84%. The firm's revenue for the quarter was down 28.5% on a year-over-year basis. During the same period last year, the company earned $0.92 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 Tuesday, October 29th 2019. View Earnings Estimates for Silicon Motion Technology.

How can I listen to Silicon Motion Technology's earnings call?

Silicon Motion Technology will be holding an earnings conference call on Tuesday, October 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What guidance has Silicon Motion Technology issued on next quarter's earnings?

Silicon Motion Technology issued an update on its third quarter 2019 earnings guidance on Monday, October, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $113.4 million, compared to the consensus revenue estimate of $105.36 million.

What price target have analysts set for SIMO?

11 analysts have issued 1-year target prices for Silicon Motion Technology's shares. Their forecasts range from $34.43 to $58.00. On average, they anticipate Silicon Motion Technology's share price to reach $46.44 in the next year. This suggests a possible upside of 21.2% 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, 3 hold ratings and 7 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. Needham & Company LLC analysts commented, "We think some of weakness is due to a pause ahead of WiFi 6 product launches. Our street low estimates are unchanged. The Company also named a permanent CEO replacing the interim CEO. Maintain our OP and our $17 PT." (8/9/2019)
  • 2. 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)

Has Silicon Motion Technology been receiving favorable news coverage?

Media stories about SIMO stock have trended very negative this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Silicon Motion Technology earned a news impact score of -3.8 on InfoTrie's scale. They also assigned media coverage about the semiconductor producer a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Silicon Motion Technology.

Are investors shorting Silicon Motion Technology?

Silicon Motion Technology saw a drop in short interest in the month of September. As of September 30th, there was short interest totalling 501,900 shares, a drop of 21.1% from the August 30th total of 636,400 shares. Based on an average daily volume of 326,700 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.4% of the company's shares are short sold. View Silicon Motion Technology's Current Options Chain.

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), Marvell Technology Group (MRVL), Alibaba Group (BABA), General Electric (GE), Ambarella (AMBA), Netflix (NFLX), QUALCOMM (QCOM) and Gilead Sciences (GILD).

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 number of of institutional and retail investors. Top institutional shareholders include Skyline Asset Management LP (0.52%).

Which institutional investors are buying Silicon Motion Technology stock?

SIMO stock was acquired by a variety of institutional investors in the last quarter, including Skyline Asset Management 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, Robinhood, Fidelity and Charles Schwab.

What is Silicon Motion Technology's stock price today?

One share of SIMO stock can currently be purchased for approximately $38.32.

How big of a company is Silicon Motion Technology?

Silicon Motion Technology has a market capitalization of $1.38 billion and generates $530.35 million in revenue each year. The semiconductor producer earns $98.07 million in net income (profit) each year or $3.41 on an earnings per share basis. Silicon Motion Technology employs 1,307 workers across the globe.View Additional Information About Silicon Motion Technology.

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 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]


MarketBeat Community Rating for Silicon Motion Technology (NASDAQ SIMO)

Community Ranking:  3.3 out of 5 (star star star)
Outperform Votes:  726 (Vote Outperform)
Underperform Votes:  388 (Vote Underperform)
Total Votes:  1,114
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 10/15/2019 by MarketBeat.com Staff

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