Silicon Motion Technology Co. (NASDAQ: SIMO – Get Rating) Nine research companies currently covering the business have been assigned a “Hold” recommendation, MarketBeat.com reported. Six analysts have valued the shares with a recommendation to hold them and two have given the company a buyout recommendation. The 12-month average price among brokers who have reported on shares over the past year is $ 102.67.
Recently, several analysts have measured on the values. Roth Capital downgraded its shares of Silicon Motion Technology from a “buy” rating to a “neutral” point on Thursday, May 5, in a research note. Susquehanna Bancshares downgraded shares of Silicon Motion Technology from a “positive” to a “neutral” rating on Thursday, May 5, in a research note. B. Riley downgraded shares of Silicon Motion Technology from a “buy” rating to a “neutral” point on Friday, May 6, in a research note. StockNews.com raised Silicon Motion Technology’s shares from a “hold” rating to a “buy” rating in a report on Wednesday, May 25th. Finally, Susquehanna downgraded Silicon Motion Technology’s stock rating from “positive” to “neutral” in a report on Thursday, May 5th.
Some institutional investors and hedge funds have recently bought and sold shares in the business. Acadian Asset Management LLC had a 4.8% stake in Silicon Motion Technology in the first quarter. Acadian Asset Management LLC has 1,496,316 shares of semiconductor producer shares worth $ 99,946,000, after buying 67,956 more shares in the last quarter. Baillie Gifford & Co.’s Silicon Motion Technology stake rose 8.1% in the first quarter. Baillie Gifford & Co. has 788,897 shares of semiconductor producer shares now worth $ 52,713,000 after buying 58,907 more shares in the last quarter. Bank of America Corp.’s shareholding in Silicon Motion Technology rose 2.3% in the fourth quarter. Bank of America Corp DE now has 740,077 shares of semiconductor producer shares worth 16,375 more shares in the last quarter, valued at $ 70,329,000. State Street Corp.’s stake in Silicon Motion Technology rose 2.0% in the first quarter. State Street Corp now owns 643,896 shares of the semiconductor manufacturer’s stock after buying 12,508 more shares worth $ 42,957,000 in the last quarter. Finally, Massachusetts Financial Services Co. MA up 16.5% in Silicon Motion Technology in the first quarter. Massachusetts Financial Services Co. MA has 608,035 shares of semiconductor producer shares now worth $ 40,629,000 after buying 86,241 more 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 $ 3.34 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 1.38 and a beta of 1.00. The company’s 50-day simple mobile average is $ 84.54 and its two-hundred-day simple mobile average is $ 81.37.
Silicon Motion Technology (NASDAQ: SIMO – Get Rating) released its quarterly earnings results for the last time on Thursday, May 5th. The semiconductor producer earned $ 1.60 per share (EPS) for the quarter, surpassing analysts ’consensus of $ 1.41 to $ 0.19. The business had revenue of $ 242.00 million in the quarter compared to analysts ’estimates of $ 239.46 million. Silicon Motion Technology had a net margin of 22.42% and a return of 33.47%. Silicon Motion Technology’s quarterly revenue was up 32.7% from the same quarter last year. In the same quarter last year, the business had $ 0.98 EPS. Values research analysts predict that Silicon Motion Technology will release 7.51 EPS for the current year.
The business also recently released a quarterly dividend, which was paid on Thursday, May 26th. On Thursday, May 12, shareholders were given a dividend of $ 0.50 per share. This represents a $ 2.00 annual dividend and a 2.20% return. The undivided date was Wednesday, May 11th. Silicon Motion Technology’s payout ratio is 31.44%.
Silicon Motion Technology Company Profile (Get rating)
Silicon Motion Technology Corporation, along with its subsidiaries, designs, develops and markets NAND flash controllers for solid state storage devices. Provides controllers for solid state drives (SSDs) that are used in computers and other client devices; Enterprise-grade SSDs used in data centers; built-in eMMC and UFS mobile storage for use on smartphones and IoT devices; for use with memory cards and flash drives in expandable storage; and specialized SSDs used in industrial, commercial, and automotive applications.
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