Silicon Motion Technology (NASDAQ:SIMO) Releases Quarterly Earnings Results, Misses Estimates By $0.10 EPS

Silicon Motion Technology (NASDAQ:SIMO) released its earnings results on Wednesday. The semiconductor producer reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.10), Zacks reports. Silicon Motion Technology had a net margin of 10.90% and a return on equity of 11.52%. Silicon Motion Technology updated its Q1 2025 guidance to EPS.

Silicon Motion Technology Trading Up 3.9 %

Shares of Silicon Motion Technology stock traded up $2.15 during trading on Wednesday, hitting $56.62. 595,162 shares of the stock traded hands, compared to its average volume of 340,616. The firm has a market cap of $1.91 billion, a P/E ratio of 21.45, a price-to-earnings-growth ratio of 1.30 and a beta of 0.79. Silicon Motion Technology has a 52-week low of $48.81 and a 52-week high of $85.87. The stock’s fifty day simple moving average is $54.57 and its 200 day simple moving average is $57.65.

Silicon Motion Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $2.00 annualized dividend and a dividend yield of 3.53%. Silicon Motion Technology’s dividend payout ratio is currently 75.38%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SIMO shares. StockNews.com raised Silicon Motion Technology from a “hold” rating to a “buy” rating in a research report on Wednesday. Roth Mkm cut their target price on Silicon Motion Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, October 8th. Needham & Company LLC cut their target price on Silicon Motion Technology from $94.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Susquehanna cut their target price on Silicon Motion Technology from $110.00 to $95.00 and set a “positive” rating on the stock in a research report on Friday, November 1st. Finally, Craig Hallum cut their price objective on Silicon Motion Technology from $96.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $81.67.

Silicon Motion Technology Company Profile

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.