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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last twelve months. There are currently 7 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.

7 Wall Street research analysts have issued 12 month price objectives for Silicon Motion Technology's stock. Their SIMO share price targets range from $75.00 to $102.00. On average, they predict the company's share price to reach $87.57 in the next year. This suggests a possible upside of 18.0% from the stock's current price.
View analysts price targets for SIMO or view top-rated stocks among Wall Street analysts.

Silicon Motion Technology's stock was trading at $61.27 on January 1st, 2024. Since then, SIMO shares have increased by 21.2% and is now trading at $74.23.
View the best growth stocks for 2024 here.

Silicon Motion Technology saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 876,900 shares, a decline of 16.5% from the March 15th total of 1,050,000 shares. Based on an average daily trading volume, of 461,600 shares, the days-to-cover ratio is currently 1.9 days. Currently, 2.6% of the shares of the company are sold short.
View Silicon Motion Technology's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our SIMO earnings forecast.

Silicon Motion Technology will be holding an earnings conference call on Friday, May 3rd at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Silicon Motion Technology Co. (NASDAQ:SIMO) posted its quarterly earnings results on Tuesday, February, 6th. The semiconductor producer reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.12. The semiconductor producer had revenue of $202.38 million for the quarter, compared to the consensus estimate of $197.60 million. Silicon Motion Technology had a trailing twelve-month return on equity of 7.01% and a net margin of 8.27%.

Silicon Motion Technology declared a quarterly dividend on Friday, January 19th. Investors of record on Tuesday, February 20th will be paid a dividend of $0.50 per share on Friday, March 1st. This represents a $2.00 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Friday, February 16th.
Read our dividend analysis for SIMO.

Silicon Motion Technology (NASDAQ:SIMO) pays an annual dividend of $1.99 per share and currently has a dividend yield of 2.69%. The dividend payout ratio is 125.95%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SIMO will have a dividend payout ratio of 49.50% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SIMO.

ETFs with the largest weight of Silicon Motion Technology (NASDAQ:SIMO) stock in their portfolio include Emerge EMPWR Sustainable Emerging Markets Equity ETF (EMCH) and AltShares Event-Driven ET (EVNT).Invesco Nasdaq Future Gen 200 ETF (QQQS).

Silicon Motion Technology updated its first quarter 2024 earnings guidance on Tuesday, April, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $182.0 million-.

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.

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).

Silicon Motion Technology's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Reinhart Partners LLC. (2.23%), Perpetual Ltd (0.19%) and Tealwood Asset Management Inc. (0.06%).

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