Silicon Motion Technology Corporation (SIMO)
| Market Cap | 2.50B |
| Revenue (ttm) | 639.14M |
| Net Income (ttm) | 52.87M |
| Shares Out | 33.42M |
| EPS (ttm) | 1.60 |
| PE Ratio | 43.06 |
| Forward PE | 21.83 |
| Dividend | $2.00 (2.67%) |
| Ex-Dividend Date | Aug 8, 2024 |
| Volume | 254,127 |
| Open | 74.60 |
| Previous Close | 75.13 |
| Day's Range | 74.44 - 75.80 |
| 52-Week Range | 49.50 - 95.33 |
| Beta | 0.86 |
| Analysts | Strong Buy |
| Price Target | 87.67 (+17.07%) |
| Earnings Date | May 2, 2024 |
About SIMO
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 a... [Read more]
Financial Performance
In 2023, SIMO's revenue was $639.14 million, a decrease of -32.43% compared to the previous year's $945.92 million. Earnings were $52.87 million, a decrease of -69.35%.
Financial StatementsAnalyst Forecast
According to 9 analysts, the average rating for SIMO stock is "Strong Buy." The 12-month stock price forecast is $87.67, which is an increase of 17.07% from the latest price.
News
Silicon Motion Announces Results for the Period Ended March 31, 2024
Business Highlights First quarter of 2024 sales decreased 6% Q/Q and increased 53% Y/Y SSD controller sales: 1Q of 2024 increased 0% to 5% Q/Q and increased 35% to 40% Y/Y eMMC+UFS controller sales: 1...
Silicon Motion Confirms Quarterly Dividend
TAIPEI, Taiwan and MILPITAS, Calif., April 29, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO)(“Silicon Motion” or the “Company”), a global leader in designing and mark...
Silicon Motion Announces Chief Financial Officer Transition
TAIPEI, Taiwan and MILPITAS, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”) today announced that Jason Tsai, curr...
Silicon Motion Unveils 6nm UFS 4.0 Controller for AI Smartphones, Edge Computing and Automotive Applications
Company also launches its second generation UFS3.1 controller supporting the latest high speed 3D TLC and QLC NAND TAIPEI and MILPITAS, Calif. , March 12, 2024 /PRNewswire/ -- Silicon Motion Technolog...
Silicon Motion Announces Results for the Period Ended December 31, 2023
Business Highlights Fourth quarter sales increased 17% Q/Q and increased 1% Y/Y SSD controller sales: 4Q increased 15% to 20% Q/Q and increased 0% to 5% Y/Y eMMC+UFS controller sales: 4Q increased 25%...
Silicon Motion Announces Preliminary Fourth Quarter 2023 Revenue and Earnings Conference Call Details
TAIPEI, Taiwan and MILPITAS, Calif., Jan. 05, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”), a global leader in NAND flash control...
Silicon Motion announces the Retirement of Mr. Yung-Chien Wang, the Appointment of Mr.
TAIPEI, Taiwan and MILPITAS, Calif., Dec. 18, 2023 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion,” the “Company” or “we”), a global leader in designing an...
Silicon Motion Showcases Advanced Automotive NAND Flash Storage Solutions at NXP Tech Days Detroit
TAIPEI and MILPITAS, Calif. , Nov. 7, 2023 /PRNewswire/ -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) ("Silicon Motion"), a global leader in designing and marketing NAND flash controllers ...
Silicon Motion Announces Results for the Period Ended September 30, 2023
Business Highlights Third quarter sales increased 23% Q/Q and decreased 31% Y/Y SSD controller sales: 3Q increased 5% to 10% Q/Q and decreased 10% to 15% Y/Y eMMC+UFS controller sales: 3Q increased 10...
The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Silicon Motion Technology Corporation (SIMO)
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming October 31, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of invest...
Silicon Motion Announces Annual Cash Dividend Payable Quarterly
TAIPEI, Taiwan and MILPITAS, Calif., Oct. 30, 2023 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO)(“Silicon Motion” or the “Company”), a global leader in designing and marke...
SIMO Investors Have Opportunity to Lead Silicon Motion Technology Corporation Securities Fraud Lawsuit
LOS ANGELES , Oct. 26, 2023 /PRNewswire/ -- Glancy Prongay & Murray LLP ("GPM") announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit agai...
SIMO INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Silicon Motion Technology Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!
NEW YORK , Oct. 25, 2023 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC a nationally recognized law firm, notifies investors that a class action lawsuit has been filed agai...
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Silicon Motion Technology Corporation - SIMO
NEW YORK , Oct. 25, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Silicon Motion Technology Corporation ("Silicon Motion" or the "Company") (NASDAQ: SIMO). Such ...
SILICON MOTION INVESTOR DEADLINE APPROACHING: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Silicon Motion To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in Silicon Motion stock or options between June 6, 2023 and July 26, 2023 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson ...
SILICON MOTION INVESTOR ALERT: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Silicon Motion To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in Silicon Motion stock or options between June 6, 2023 and July 26, 2023 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson ...
Silicon Motion Announces Preliminary Third Quarter 2023 Revenue and Earnings Conference Call Details
TAIPEI, Taiwan and MILPITAS, Calif., Oct. 06, 2023 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”), a global leader in NAND flash control...
Silicon Motion Files Notice of Arbitration Claim Against MaxLinear
TAIPEI, Taiwan and MILPITAS, Calif., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQGS: SIMO) (“Silicon Motion” or “the Company”), a global leader in designing and mark...
Silicon Motion Provides Certain Details Regarding MaxLinear's Surprise Termination of the Merger Agreement
TAIPEI, Taiwan and MILPITAS, Calif., Sept. 21, 2023 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQGS: SIMO) (“Silicon Motion” or “the Company”) today disclosed additional details re...
Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Silicon Motion Technology Corporation (SIMO)
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming October 31, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of inv...
Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Silicon Motion Technology Corporation (SIMO)
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming October 30, 2023 deadline to file a lead plaintiff motion in the case filed on behalf of investors who ...
Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces the Filing of a Securities Class Action on Behalf of Silicon Motion Technology Corporation (SIMO) Investors
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, announces that a class action lawsuit has been filed on behalf of investors who purch...
INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Silicon Motion Technology Corporation (SIMO) Investors
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Silicon Motion Technology Corporation (“Silicon...
Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Silicon Motion Technology Corporation (SIMO) on Behalf of Investors
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Silicon Motion Te...
INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Silicon Motion Technology Corporation (SIMO) on Behalf of Investors
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Silicon Motion Technology Corporation (“Silicon Motion” or the “Company”) (NASDAQ: SIMO) investor...