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

$76.88
+0.58 (+0.76%)
(As of 03:23 PM ET)
Today's Range
$76.00
$77.05
50-Day Range
$61.15
$78.15
52-Week Range
$49.50
$95.33
Volume
111,136 shs
Average Volume
473,000 shs
Market Capitalization
$2.54 billion
P/E Ratio
48.66
Dividend Yield
2.59%
Price Target
$85.00

Silicon Motion Technology MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
10.7% Upside
$85.00 Price Target
Short Interest
Healthy
3.14% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.35mentions of Silicon Motion Technology in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
50.76%
From $2.62 to $3.95 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.35 out of 5 stars

Computer And Technology Sector

111th out of 587 stocks

Semiconductors & Related Devices Industry

19th out of 92 stocks

SIMO stock logo

About Silicon Motion Technology Stock (NASDAQ:SIMO)

Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. The company offers controllers for computing-grade solid state drives (SSDs), which are used in PCs and other client devices; enterprise-grade SSDs used in data centers; eMMC and UFS mobile embedded storage for use in smartphones and IoT devices; flash memory cards and flash drives for use in expandable storage; and specialized SSDs that are used in industrial, commercial, and automotive applications. It markets its controllers under the SMI brand; enterprise-grade SSDs under the Shannon Systems brand; and single-chip industrial-grade SSDs under the FerriSSD, Ferri-eMMC, and Ferri-UFS brands. The company markets and sells its products through direct sales personnel and independent electronics distributors to NAND flash makers, module makers, hyperscalers, and OEMs. It operates in Taiwan, the United States, Korea, China, Malaysia, Singapore, and internationally. The company was founded in 1995 and is based in Hong Kong, Hong Kong.

SIMO Stock Price History

SIMO Stock News Headlines

Chip startup Cerebras launches new AI processor
Buy Friday, Sell Monday, No Exceptions
Every week traders grind it out Monday through Friday… But neglect trading Friday to Monday… Or… “over the weekend” As one professional trader explains, trading over the weekend is one of the most forgiving strategies you can use today. It allows him to sidestep a lot of the midweek volatility. Yet, gives him the opportunity to target some of the markets biggest stock moves. Just recently, he posted a trade on Nordstrom… The trade was published at 3pm on a Friday afternoon and by Monday morning the trade more than doubled.
Cepton, Inc.
Silicon Motion: Overvalued For Now
AI to Meet the Same Fate as EVs?
When these tech bubbles burst, they invariably leave investors disillusioned by their losses. Now, many worry a similar fate is awaiting AI. And one man, legendary financial analyst Porter Stansberry, who called Nvidia at $11…
Don't Overlook These Highly Ranked Stocks After Earnings
Earnings Outlook For Silicon Motion Technology
Silicon Motion Confirms Quarterly Dividend
Silicon Motion Technology Corporation (SIMO)
See More Headlines
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Company Calendar

Last Earnings
2/06/2024
Ex-Dividend for 3/1 Dividend
2/16/2024
Dividend Payable
3/01/2024
Today
3/28/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:SIMO
Employees
1,643
Year Founded
1995

Price Target and Rating

Average Stock Price Target
$85.00
High Stock Price Target
$102.00
Low Stock Price Target
$75.00
Potential Upside/Downside
+11.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Net Income
$52.87 million
Pretax Margin
9.55%

Debt

Sales & Book Value

Annual Sales
$639.14 million
Cash Flow
$2.25 per share
Book Value
$21.99 per share

Miscellaneous

Free Float
31,289,000
Market Cap
$2.52 billion
Optionable
Optionable
Beta
0.84

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Key Executives

  • Mr. Chia-Chang Kou (Age 66)
    Founder, President, CEO, MD & Director
  • Mr. Riyadh Lai (Age 55)
    Chief Financial Officer
  • Mr. Ken Chen (Age 63)
    Vice President of Operations
  • Mr. Christopher Chaney
    Director of Investor Relations & Strategy
  • Mr. Robert C. Fan (Age 60)
    Senior Vice President of Global Sales
  • Mr. Nelson S. Duann (Age 55)
    Senior VP of Client & Automotive Storage Business and Director
  • Mr. Alex Chou
    Senior VP of Enterprise Storage & Display Interface Solution Business
  • Ms. Michelle Lin
    Vice President of Finance & Corporate Controller

SIMO Stock Analysis - Frequently Asked Questions

Should I buy or sell Silicon Motion Technology stock right now?

7 Wall Street equities research 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 equities research analysts is that investors should "buy" SIMO shares.
View SIMO analyst ratings
or view top-rated stocks.

What is Silicon Motion Technology's stock price target for 2024?

7 Wall Street analysts have issued 1 year price objectives for Silicon Motion Technology's shares. Their SIMO share price targets range from $75.00 to $102.00. On average, they expect the company's share price to reach $85.00 in the next year. This suggests a possible upside of 10.7% from the stock's current price.
View analysts price targets for SIMO
or view top-rated stocks among Wall Street analysts.

How have SIMO shares performed in 2024?

Silicon Motion Technology's stock was trading at $61.27 at the start of the year. Since then, SIMO shares have increased by 25.3% and is now trading at $76.77.
View the best growth stocks for 2024 here
.

When is Silicon Motion Technology's next earnings date?

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

How were Silicon Motion Technology's earnings last quarter?

Silicon Motion Technology Co. (NASDAQ:SIMO) issued its quarterly earnings data on Tuesday, February, 6th. The semiconductor producer reported $0.63 EPS for the quarter, beating the consensus estimate of $0.51 by $0.12. The semiconductor producer had revenue of $202.38 million for the quarter, compared to analyst estimates 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%.

How often does Silicon Motion Technology pay dividends? What is the dividend yield for Silicon Motion Technology?

Silicon Motion Technology announced 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 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Friday, February 16th.
Read our dividend analysis for SIMO
.

Is Silicon Motion Technology a good dividend stock?

Silicon Motion Technology (NASDAQ:SIMO) pays an annual dividend of $1.99 per share and currently has a dividend yield of 2.63%. 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 50.38% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SIMO.

What ETF holds Silicon Motion Technology's stock?

Emerge EMPWR Sustainable Emerging Markets Equity ETF holds 184 shares of SIMO stock, representing 2.77% of its portfolio.

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

Silicon Motion Technology issued an update on its FY 2024 earnings guidance on Tuesday, February, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $765.0 million-$800.0 million, compared to the consensus revenue estimate of $767.7 million.

What is Wallace C. Kou's approval rating as Silicon Motion Technology's CEO?

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.

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), Alibaba Group (BABA), Gilead Sciences (GILD), Netflix (NFLX), AbbVie (ABBV), QUALCOMM (QCOM), Visa (V) and Marvell Technology (MRVL).

Who are Silicon Motion Technology's major shareholders?

Silicon Motion Technology's stock is owned by many different retail and institutional investors. Top institutional shareholders include Alpine Associates Management Inc. (2.86%), Wellington Management Group LLP (2.48%), HBK Investments L P (2.32%), Kodai Capital Management LP (2.15%), Reinhart Partners LLC. (2.10%) and Segantii Capital Management Ltd (2.09%).

How do I buy shares of Silicon Motion Technology?

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.
Compare Top Brokerages Here.

This page (NASDAQ:SIMO) was last updated on 3/28/2024 by MarketBeat.com Staff

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