Silicon Motion Technology (SIMO) Expected to Announce Earnings on Tuesday

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) is expected to announce its Q1 2025 earnings results after the market closes on Tuesday, April 29th. Analysts expect the company to announce earnings of $0.44 per share and revenue of $162.69 million for the quarter. Silicon Motion Technology has set its Q1 2025 guidance at EPS.

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) last posted its earnings results on Wednesday, February 5th. The semiconductor producer reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.10). Silicon Motion Technology had a return on equity of 11.63% and a net margin of 11.29%. On average, analysts expect Silicon Motion Technology to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Silicon Motion Technology Price Performance

NASDAQ SIMO opened at $38.95 on Tuesday. The stock's 50-day moving average is $50.39 and its 200-day moving average is $53.33. Silicon Motion Technology has a one year low of $37.21 and a one year high of $85.87. The firm has a market cap of $1.31 billion, a P/E ratio of 14.48, a P/E/G ratio of 1.36 and a beta of 0.81.

Silicon Motion Technology declared that its board has authorized a stock buyback plan on Wednesday, February 5th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the semiconductor producer to buy up to 2.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SIMO. Wedbush reaffirmed an "outperform" rating and issued a $90.00 price objective on shares of Silicon Motion Technology in a research report on Monday, December 23rd. StockNews.com downgraded Silicon Motion Technology from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th. Finally, Needham & Company LLC restated a "buy" rating and set a $70.00 target price on shares of Silicon Motion Technology in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $80.63.

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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