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

Company Overview

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.

Key Stats

• Today's Range: $60.59 to $62.30
• 50-Day Range: $54.94 to $69.44
• 52-Week Range: $51.85 to $85.87
• Volume: 228,949 shs
• Average Volume: 278,850 shs
• Market Capitalization: $2.06 billion
• P/E Ratio: 34.74
• Dividend Yield: 3.25%
• Price Target: $85.56
• Consensus Rating: Moderate Buy

Silicon Motion Technology Stock Analysis - MarketRank™

Silicon Motion Technology scored higher than 96% of companies evaluated by MarketBeat, and ranked 44th out of 664 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Silicon Motion Technology has received a consensus rating of Moderate Buy. The company's average rating score is 2.78, and is based on 8 buy ratings, no hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Silicon Motion Technology has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 31.07%

Earnings Growth

Earnings for Silicon Motion Technology are expected to grow by 31.07% in the coming year, from $2.80 to $3.67 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Silicon Motion Technology is 34.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.84.

Price to Earnings Ratio vs. Sector

The P/E ratio of Silicon Motion Technology is 34.74, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 230.81.

Price to Earnings Growth Ratio

Silicon Motion Technology has a PEG Ratio of 0.97. PEG Ratios around 1 indicate that a company is correctly valued.

Price to Book Value per Share Ratio

Silicon Motion Technology has a P/B Ratio of 2.78. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.95% of the float of Silicon Motion Technology has been sold short.

Short Interest Ratio / Days to Cover

Silicon Motion Technology has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Silicon Motion Technology has recently increased by 12.91%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Silicon Motion Technology pays a meaningful dividend of 3.31%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Silicon Motion Technology does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Silicon Motion Technology is 113.07%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Silicon Motion Technology will have a dividend payout ratio of 54.22% next year. This indicates that Silicon Motion Technology will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.95% of the float of Silicon Motion Technology has been sold short.

Short Interest Ratio / Days to Cover

Silicon Motion Technology has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Silicon Motion Technology has recently increased by 12.91%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.00

News Sentiment

Silicon Motion Technology has a news sentiment score of 1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.54 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Silicon Motion Technology this week, compared to 4 articles on an average week.

Search Interest

Only 6 people have searched for SIMO on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added Silicon Motion Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Silicon Motion Technology insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 5.34% of the stock of Silicon Motion Technology is held by insiders.

Percentage Held by Institutions

78.02% of the stock of Silicon Motion Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SIMO Stock Analysis - Frequently Asked Questions

How have SIMO shares performed this year?

Silicon Motion Technology's stock was trading at $61.27 on January 1st, 2024. Since then, SIMO shares have decreased by 0.2% and is now trading at $61.14.
View the best growth stocks for 2024 here.

How were Silicon Motion Technology's earnings last quarter?

Silicon Motion Technology Co. (NASDAQ:SIMO) released its quarterly earnings data on Friday, August, 2nd. The semiconductor producer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.01. The business's revenue for the quarter was up 50.1% on a year-over-year basis.

Who are Silicon Motion Technology's major shareholders?

Silicon Motion Technology's top institutional investors include SG Americas Securities LLC (0.10%) and Handelsbanken Fonder AB (0.03%).

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.

What other stocks do shareholders of Silicon Motion Technology own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Silicon Motion Technology investors own include NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Alibaba Group (BABA), Gilead Sciences (GILD), Netflix (NFLX) and AbbVie (ABBV).

Company Calendar

• Last Earnings: 8/02/2024
• Ex-Dividend for 8/22 Dividend: 8/08/2024
• Dividend Payable: 8/22/2024
• Today: 10/06/2024
• Next Earnings (Estimated): 11/06/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Semiconductors & related devices
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:SIMO
• CUSIP: N/A
• CIK: 1329394
• Web: www.siliconmotion.com
• Phone: (522) 307-4768
• Fax: 852-2307-4368
• Employees: 1,546
• Year Founded: 1995

Price Target and Rating

• Average Stock Price Target: $85.56
• High Stock Price Target: $110.00
• Low Stock Price Target: $60.00
• Potential Upside/Downside: +39.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.78
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.76
• Trailing P/E Ratio: 34.74
• Forward P/E Ratio: 21.84
• P/E Growth: 0.97
• Net Income: $52.87 million
• Net Margins: 10.14%
• Pretax Margin: 12.12%
• Return on Equity: 10.31%
• Return on Assets: 7.79%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 4.34
• Quick Ratio: 3.04

Sales & Book Value

• Annual Sales: $639.14 million
• Price / Sales: 3.22
• Cash Flow: $2.27 per share
• Price / Cash Flow: 26.88
• Book Value: $21.99 per share
• Price / Book: 2.78

Miscellaneous

• Outstanding Shares: 33,680,000
• Free Float: 31,883,000
• Market Cap: $2.06 billion
• Optionable: Optionable
• Beta: 0.83