Silicon Motion Technology Co. (NASDAQ: SIMO – Get Rating) received an average “Hold” recommendation from the nine research firms that currently cover the firm, MarketBeat.com reports. Six analysts rated the shares with a retention recommendation, and two issued a recommendation to buy the company. The average 12-month target price among brokers who have issued a stock report in the last year is $ 102.67.
A number of analysts recently weighed the shares. Roth Capital downgraded Silicon Motion Technology from a buy rating to a neutral note in a research note on Thursday (May 5th). Susquehanna Bancshares downgraded Silicon Motion Technology from a “positive” rating to “neutral” in a research note on Thursday (May 5th). B. Riley downgraded Silicon Motion Technology from “buy” to “neutral” in a research note on Friday, May 6. StockNews.com raised shares of Silicon Motion Technology from a hold to a buy rating in a report on Wednesday (May 25th). Finally, Susquehanna downgraded Silicon Motion Technology’s stock from a “positive” rating to “neutral” in a report on Thursday, May 5th.
A number of institutional investors and hedge funds have recently bought and sold shares in the business. Acadian Asset Management LLC rose 4.8% in Silicon Motion Technology in the first quarter. Acadian Asset Management LLC already owns 1,496,316 shares of the semiconductor maker’s stock worth $ 99,946,000 after buying an additional 67,956 shares in the last quarter. Baillie Gifford & Co. raised its stake in Silicon Motion Technology by 8.1% in the first quarter. Baillie Gifford & Co. it now owns 788,897 shares of the semiconductor maker’s shares worth $ 52,713,000 after buying an additional 58,907 shares in the last quarter. Bank of America Corp. DE raised its stake in Silicon Motion Technology by 2.3% in the fourth quarter. Bank of America Corp. DE now owns 740,077 shares of the semiconductor maker’s stock worth $ 70,329,000 after buying an additional 16,375 shares in the last quarter. State Street Corp raised its stake in Silicon Motion Technology by 2.0% in the first quarter. State Street Corp. now owns 643,896 shares of the semiconductor maker’s stock, valued at $ 42,957,000, after buying an additional 12,508 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Silicon Motion Technology by 16.5% in the first quarter. Massachusetts Financial Services Co. MA already owns 608,035 shares of the semiconductor manufacturer’s stock worth $ 40,629,000 after buying an additional 86,241 shares in the last quarter. 76.60% of the shares are currently owned by institutional investors and hedge funds.
Shares of Silicon Motion Technology opened at $ 91.04 on Friday. Silicon Motion Technology has a 12-month low of $ 58.86 and a 12-month high of $ 98.65. The company has a market capitalization of $ 3.14 billion, a price / profit ratio of 14.38, a PEG ratio of 1.38 and a beta ratio of 1.00. The company’s 50-day simple moving average is $ 84.54, and its 200-day simple moving average is $ 81.37.
Silicon Motion Technology (NASDAQ: SIMO – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The semiconductor maker reported $ 1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $ 1.41 and $ 0.19. The business had revenue of $ 242.00 million for the quarter, compared to analysts’ estimates of $ 239.46 million. Silicon Motion Technology had a net margin of 22.42% and a return on equity of 33.47%. Silicon Motion Technology’s revenue for the quarter was up 32.7% from the same quarter last year. In the same quarter of the previous year, the business reported $ 0.98 EPS. Stock analysts expect Silicon Motion Technology to report 7.51 EPS for the current fiscal year.
The business also recently unveiled a three-month dividend that was paid on Thursday (May 26th). The record shareholders on Thursday, May 12, received a dividend of $ 0.50 per share. This represents a $ 2.00 annual dividend and a yield of 2.20%. The date of the former dividend was Wednesday, May 11. The payout ratio of Silicon Motion Technology is 31.44%.
Company profile of Silicon Motion Technology (Get an estimate)
Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops and markets NAND flash controllers for solid state storage devices. It offers controllers for computing solid state drives (SSDs), which are used in computers and other client devices; Enterprise-class SSDs used in data centers; eMMC and UFS mobile built-in storage for use in smartphones and IoT devices; Flash memory cards and flash memory for use in expandable storage; and specialized SSDs used in industrial, commercial and automotive applications.
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