Silicon Motion Technology Co. (NASDAQ:SIMO – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $87.56.
Several brokerages have recently issued reports on SIMO. Needham & Company LLC upped their target price on shares of Silicon Motion Technology from $85.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, July 8th. Bank of America downgraded Silicon Motion Technology from a “buy” rating to an “underperform” rating and cut their target price for the company from $90.00 to $60.00 in a research note on Friday, August 16th. Finally, B. Riley reduced their target price on Silicon Motion Technology from $112.00 to $95.00 and set a “buy” rating for the company in a report on Monday, August 5th.
Check Out Our Latest Report on SIMO
Institutional Inflows and Outflows
Silicon Motion Technology Trading Down 0.7 %
Shares of NASDAQ:SIMO opened at $58.50 on Friday. The stock has a fifty day simple moving average of $69.77 and a two-hundred day simple moving average of $74.05. Silicon Motion Technology has a 12-month low of $49.50 and a 12-month high of $85.87. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 33.10, a PEG ratio of 1.00 and a beta of 0.84.
Silicon Motion Technology (NASDAQ:SIMO – Get Free Report) last posted its quarterly earnings results on Friday, August 2nd. The semiconductor producer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.01. Silicon Motion Technology had a return on equity of 10.31% and a net margin of 10.14%. The firm had revenue of $210.67 million during the quarter, compared to analyst estimates of $206.75 million. During the same quarter in the previous year, the firm earned $0.33 EPS. Silicon Motion Technology’s quarterly revenue was up 50.1% compared to the same quarter last year. As a group, equities research analysts predict that Silicon Motion Technology will post 2.86 EPS for the current year.
Silicon Motion Technology Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date was Thursday, August 8th. Silicon Motion Technology’s dividend payout ratio (DPR) is presently 113.07%.
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.
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