Research Analysts Issue Forecasts for SIMO Q4 Earnings

Silicon Motion Technology Co. (NASDAQ:SIMO - Free Report) - Research analysts at B. Riley reduced their Q4 2024 earnings per share (EPS) estimates for Silicon Motion Technology in a report issued on Tuesday, January 7th. B. Riley analyst C. Ellis now anticipates that the semiconductor producer will post earnings of $0.49 per share for the quarter, down from their prior forecast of $0.52. The consensus estimate for Silicon Motion Technology's current full-year earnings is $2.59 per share. B. Riley also issued estimates for Silicon Motion Technology's Q4 2025 earnings at $1.05 EPS, FY2025 earnings at $2.54 EPS, Q1 2026 earnings at $0.63 EPS and Q3 2026 earnings at $1.07 EPS.

Other analysts have also recently issued research reports about the company. StockNews.com raised Silicon Motion Technology from a "hold" rating to a "buy" rating in a research report on Thursday, December 19th. Morgan Stanley decreased their price objective on shares of Silicon Motion Technology from $78.00 to $65.00 and set an "overweight" rating for the company in a report on Monday, September 16th. Susquehanna lowered their target price on Silicon Motion Technology from $110.00 to $95.00 and set a "positive" rating on the stock in a report on Friday, November 1st. Wedbush restated an "outperform" rating and issued a $90.00 price objective on shares of Silicon Motion Technology in a research note on Monday, December 23rd. Finally, Craig Hallum dropped their price objective on shares of Silicon Motion Technology from $96.00 to $90.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $81.67.

Silicon Motion Technology Price Performance

Shares of SIMO stock traded down $2.21 on Friday, hitting $52.96. The company's stock had a trading volume of 206,520 shares, compared to its average volume of 196,667. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 20.06, a P/E/G ratio of 1.61 and a beta of 0.80. Silicon Motion Technology has a fifty-two week low of $50.50 and a fifty-two week high of $85.87. The firm's fifty day moving average price is $54.91 and its 200-day moving average price is $61.41.

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor producer reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.07. The firm had revenue of $212.40 million for the quarter, compared to analyst estimates of $209.49 million. Silicon Motion Technology had a net margin of 10.90% and a return on equity of 11.52%. The company's revenue for the quarter was up 23.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 earnings per share.

Institutional Investors Weigh In On Silicon Motion Technology

Several large investors have recently made changes to their positions in SIMO. Advisors Asset Management Inc. boosted its position in Silicon Motion Technology by 129.4% in the third quarter. Advisors Asset Management Inc. now owns 445 shares of the semiconductor producer's stock valued at $27,000 after buying an additional 251 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Silicon Motion Technology by 123.2% in the fourth quarter. GAMMA Investing LLC now owns 877 shares of the semiconductor producer's stock valued at $47,000 after acquiring an additional 484 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Silicon Motion Technology by 139.5% in the 3rd quarter. Blue Trust Inc. now owns 1,365 shares of the semiconductor producer's stock worth $83,000 after acquiring an additional 795 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Silicon Motion Technology in the 2nd quarter worth approximately $139,000. Finally, Van ECK Associates Corp bought a new stake in Silicon Motion Technology during the 3rd quarter worth approximately $151,000. Institutional investors own 78.02% of the company's stock.

Silicon Motion Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Thursday, August 7th. Silicon Motion Technology's dividend payout ratio is 75.76%.

About Silicon Motion Technology

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.