Silicon Motion Technology Corporation (SIMO)
Market Cap | 1.79B |
Revenue (ttm) | 814.77M |
Net Income (ttm) | 88.77M |
Shares Out | 33.68M |
EPS (ttm) | 2.64 |
PE Ratio | 20.11 |
Forward PE | 14.76 |
Dividend | $2.00 (3.77%) |
Ex-Dividend Date | Aug 7, 2025 |
Volume | 251,361 |
Open | 53.63 |
Previous Close | 53.56 |
Day's Range | 52.46 - 54.12 |
52-Week Range | 50.50 - 85.87 |
Beta | 0.83 |
Analysts | Strong Buy |
Price Target | 81.67 (+53.89%) |
Earnings Date | Oct 30, 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... [Read more]
Financial Performance
In 2023, Silicon Motion Technology'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 $81.67, which is an increase of 53.89% from the latest price.
News
Silicon Motion: NAND Flash Has Got To Give - Maintaining Buy
Silicon Motion stock traded weaker since my buy call in May, down 25%, but I see a turnaround moment ahead. Silicon Motion Technology, a leader in NAND flash controllers, faces near-term market weakne...
Wall Street's Most Accurate Analysts Spotlight On 3 Tech Stocks With Over 3% Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...
Silicon Motion Achieves ISO 26262 ASIL B Ready and ASPICE CL2 Certification for Automotive Safety Storage Solutions
TAIPEI and MILPITAS, Calif. , Nov. 5, 2024 /PRNewswire/ -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) ("Silicon Motion"), a global leader in designing and marketing NAND flash controllers ...
Silicon Motion Technology: The Decline May Not Have Much Further To Go
The Q3 FY2024 report was a letdown, and the stock may have further to drop, but a bottom could be on the horizon. Quarterly results are in a slump and likely to stay that way into early 2025, but the ...
Silicon Motion Technology Corporation (SIMO) Q3 2024 Earnings Call Transcript
Silicon Motion Technology Corporation (NASDAQ:SIMO) Q3 2024 Results Conference Call October 31, 2024 8:00 AM ET Company Participants Tom Sepenzis - Senior Director of IR & Strategy Wallace Kou - Pres...
Silicon Motion Announces Results for the Period Ended September 30, 2024
Business Highlights Third quarter of 2024 sales increased 1% Q/Q and increased 23% Y/Y SSD controller sales: 3Q of 2024 were flat Q/Q and increased 20% to 25% Y/Y eMMC+UFS controller sales: 3Q of 2024...
Silicon Motion Appoints Jason Tsai as Chief Financial Officer
TAIPEI, Taiwan and MILPITAS, Calif., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”), a global leader in designing and mark...
BofA downgrades Silicon Motion, slashes price target to $60: Time to sell or hold?
Silicon Motion Technology Corp. (NASDAQ: SIMO) is grappling with a significant blow as Bank of America (BofA) downgrades the stock from a Buy to an Underperform rating and slashes its price target fro...
Silicon Motion: Now Attractively Valued Amid Strong Q2 Results (Rating Upgrade)
SIMO is a global leader in NAND flash and SSD controllers, leveraging its extensive patent portfolio to achieve consistent innovation, secure market dominance, and deliver strong long-term earnings. D...
Silicon Motion Launches the Best Performance/Watt PCIe Gen5 SSD Controller at FMS 2024
The Company Also Showcases SSD Solutions for Enterprise, PC, and Automotive AI Applications TAIPEI and MILPITAS, Calif. , Aug. 5, 2024 /PRNewswire/ -- Silicon Motion Technology Corporation (NasdaqGS: ...
Silicon Motion Technology Corporation (SIMO) Q2 2024 Earnings Call Transcript
Silicon Motion Technology Corporation (SIMO) Q2 2024 Earnings Call Transcript
Silicon Motion Announces Results for the Period Ended June 30, 2024
Business Highlights Second quarter of 2024 sales increased 11% Q/Q and increased 50% Y/Y SSD controller sales: 2Q of 2024 increased 0% to 5% Q/Q and increased 25% to 30% Y/Y eMMC+UFS controller sales...
Silicon Motion Unveils New USB Display Interface SoC Enabling Cost-Effective Universal Docking Stations with Support for Multiple Ultra-High Definition Displays.
The SM770 supports up to three 4K 60Hz UHD displays and up to 144Hz display, allowing flexible connections with PC notebooks, ideally for commercial use, shared office users, and gamers. TAIPEI and MI...
Silicon Motion Unveils Next-Generation Ultra-Fast, Single-Chip Controller for High-Density Portable SSDs, Ideally Suited for Next-Generation AI Smart Devices and Gaming Consoles
New SM2322 controller supports the latest QLC NAND, providing capacities up to 8TB with 20Gbps data transfer speed. TAIPEI and MILPITAS, Calif.
Silicon Motion Technology (SIMO) Q1 2024 Earnings Call Transcript
Silicon Motion Technology Corporation (NASDAQ:SIMO) Q1 2024 Earnings Conference Call May 3, 2024 8:00 AM ET Company Participants Wallace Kou - President, Chief Executive Officer Jason Tsai - interim ...
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 Technology Corporation (SIMO) Q4 2023 Earnings Call Transcript
Silicon Motion Technology Corporation (SIMO) Q4 2023 Earnings Call Transcript
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 Technology Corporation (SIMO) Q3 2023 Earnings Call Transcript
Silicon Motion Technology Corporation (NASDAQ:SIMO) Q3 2023 Earnings Conference Call November 2, 2023 8:00 AM ET Company Participants Jason Tsai - Vice President of Investor Relations & Finance Walla...