Silicon Motion Technology Corporation (SIMO)

Market Cap	2.71B
Revenue (ttm)	639.14M
Net Income (ttm)	52.87M
Shares Out	33.42M
EPS (ttm)	1.60
PE Ratio	45.27
Forward PE	21.83
Dividend	$2.00 (2.47%)
Ex-Dividend Date	Aug 8, 2024

Volume	157,936
Open	79.35
Previous Close	79.87
Day's Range	79.35 - 81.42
52-Week Range	49.50 - 95.33
Beta	0.89
Analysts	Strong Buy
Price Target	89.25 (+10.17%)
Earnings Date	Jul 25, 2024

About SIMO

Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices in Taiwan, the United States, Korea, China, Malaysia, Singapore, and internationally. 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; enterprise-grade SSDs used in enterprise and hyperscale data centers; eMMC and UFS mobile embedded storage for use in smartphones and IoT...

• Industry: Semiconductors
• Sector: Technology
• IPO Date: Jun 30, 2005
• Employees: 1,546
• Stock Exchange: NASDAQ
• Ticker Symbol: SIMO

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%.

Analyst Forecast

According to 8 analysts, the average rating for SIMO stock is "Strong Buy." The 12-month stock price forecast is $89.25, which is an increase of 10.17% from the latest price.

Price Target

$89.25

(10.17% upside)

Analyst Consensus: Strong Buy