Silicon Motion Technology Corporation (SIMO)

NASDAQ: SIMO · Real-Time Price · USD
53.07
-0.49 (-0.91%)
At close: Nov 20, 2024, 4:00 PM
53.08
+0.01 (0.02%)
After-hours: Nov 20, 2024, 7:17 PM EST
-0.91%
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]

Industry Semiconductors
Sector Technology
IPO Date Jun 30, 2005
Employees 1,546
Stock Exchange NASDAQ
Ticker Symbol SIMO
Full Company Profile

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 Statements

Analyst 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.

Price Target
$81.67
(53.89% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

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...

10 days ago - Seeking Alpha

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...

Other symbols: IBMXRX
12 days ago - Benzinga

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 ...

15 days ago - PRNewsWire

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 ...

17 days ago - Seeking Alpha

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...

20 days ago - Seeking Alpha

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...

21 days ago - GlobeNewsWire

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...

21 days ago - GlobeNewsWire

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...

3 months ago - Invezz

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...

3 months ago - Seeking Alpha

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: ...

3 months ago - PRNewsWire

Silicon Motion Technology Corporation (SIMO) Q2 2024 Earnings Call Transcript

Silicon Motion Technology Corporation (SIMO) Q2 2024 Earnings Call Transcript

3 months ago - Seeking Alpha

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...

3 months ago - GlobeNewsWire

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...

6 months ago - PRNewsWire

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.

6 months ago - PRNewsWire

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 ...

7 months ago - Seeking Alpha

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...

7 months ago - GlobeNewsWire

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...

7 months ago - GlobeNewsWire

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...

7 months ago - GlobeNewsWire

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...

9 months ago - PRNewsWire

Silicon Motion Technology Corporation (SIMO) Q4 2023 Earnings Call Transcript

Silicon Motion Technology Corporation (SIMO) Q4 2023 Earnings Call Transcript

10 months ago - Seeking Alpha

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%...

10 months ago - GlobeNewsWire

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...

11 months ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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 ...

1 year ago - PRNewsWire

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...

1 year ago - Seeking Alpha