Silicon Motion Technology Corporation (SIMO)
| Market Cap | 1.71B |
| Revenue (ttm) | 945.92M |
| Net Income (ttm) | 172.51M |
| Shares Out | 33.41M |
| EPS (ttm) | 5.16 |
| PE Ratio | 19.41 |
| Forward PE | 10.16 |
| Dividend | n/a |
| Ex-Dividend Date | Aug 10, 2022 |
| Volume | 283,422 |
| Open | 51.10 |
| Previous Close | 50.46 |
| Day's Range | 50.75 - 51.61 |
| 52-Week Range | 49.50 - 95.33 |
| Beta | 0.93 |
| Analysts | Strong Buy |
| Price Target | 86.40 (+68.59%) |
| Earnings Date | Oct 31, 2023 |
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 2022, SIMO's revenue was $945.92 million, an increase of 2.58% compared to the previous year's $922.10 million. Earnings were $172.51 million, a decrease of -13.75%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for SIMO stock is "Strong Buy." The 12-month stock price forecast is $86.4, which is an increase of 68.59% from the latest price.
News
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Silicon Motion Technology Corporation - SIMO
NEW YORK , Sept. 29, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Silicon Motion Technology Corporation ("Silicon Motion" or the "Company") (NASDAQ: SIMO).
SIMO Investors Have Opportunity to Lead Silicon Motion Technology Corporation Securities Fraud Lawsuit
LOS ANGELES , Sept. 28, 2023 /PRNewswire/ -- Glancy Prongay & Murray LLP ("GPM") announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit ag...
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...
SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in MaxLinear, Inc. with Losses of $100,000 to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / September 6, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against MaxLinear, Inc. ("MaxLinear" ...
The Law Offices of Frank R. Cruz Announces Investigation of Silicon Motion Technology Corporation (SIMO) on Behalf of Investors
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Silicon Motion Technology Corporation (“Silicon Motion” or the “Company”) (NASDAQ: SIMO) on behalf of inves...
Entwistle & Cappucci LLP and Robbins Geller Rudman & Dowd LLP File a Securities Class Action Complaint Against MaxLinear, Inc.
NEW YORK--(BUSINESS WIRE)--Entwistle & Cappucci LLP (“Entwistle & Cappucci”) and Robbins Geller Rudman & Dowd LLP (“Robbins Geller”) today announced that their ongoing investigation has led to the fil...
MaxLinear Comments on Previously Terminated Transaction with Silicon Motion
CARLSBAD, Calif.--(BUSINESS WIRE)--MaxLinear, Inc. (Nasdaq: MXL), a leading provider of radio frequency (RF), analog, digital and mixed-signal integrated circuits, commented on the recent announcement...
Silicon Motion Terminates Merger Agreement with MaxLinear and Intends to Pursue Substantial Damages in Excess of the Agreement's Termination Fee Due to MaxLinear's Willful and Material Breaches of the Merger Agreement
Will Proceed with Arbitration in the Singapore International Arbitration Centre, as Dictated by the Parties' Merger Agreement
MaxLinear Comments on Letter from Silicon Motion Regarding Previously Terminated Transaction
CARLSBAD, Calif.--(BUSINESS WIRE)--MaxLinear, Inc. (Nasdaq: MXL), a leading provider of radio frequency (RF), analog, digital and mixed-signal integrated circuits, commented on correspondence received...
Silicon Motion Categorically Rejected MaxLinear's Purported Termination of the Merger Agreement, and the Assertions Made by MaxLinear, in its Letter of July 26, 2023
TAIPEI, Taiwan and MILPITAS, Calif., Aug. 07, 2023 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQGS: SIMO) (“Silicon Motion”) today issued a written notice to MaxLinear, Inc. (NASDA...
Silicon Motion Repudiates MaxLinear's Allegations and Intends to Enforce Merger Agreement
TAIPEI, Taiwan, July 27, 2023 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQGS: SIMO) (“Silicon Motion”) today announced that Silicon Motion and MaxLinear, Inc. (NASDAQGS: MXL) (“Ma...
MaxLinear Provides Update on Proposed Acquisition of Silicon Motion
CARLSBAD, Calif.--(BUSINESS WIRE)--MaxLinear announces exercise of contractual rights to terminate Silicon Motion merger agreement.
Silicon Motion Stock Soars as China Unexpectedly Approves Sale to MaxLinear
Investors had been convinced that the deal, announced more than 14 months ago, would never close.
Silicon Motion To Release Second Quarter 2023 Financial Results on July 27
TAIPEI, Taiwan and MILPITAS, Calif., July 06, 2023 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”), a global leader in NAND flash control...
Silicon Motion: The Market's Best Merger Arbitrage Opportunity
The merger arbitrage opportunity in Silicon Motion NASDAQ: SIMO is likely the most attractive in the stock market, offering a 32% spread for a deal that could close before the end of the year.
Silicon Motion Announces Results for the Period Ended March 31, 2023
Business Highlights First quarter sales decreased 38% Q/Q and 49% Y/Y SSD controller sales: 1Q decreased 20% to 25% Q/Q and 35% to 40% Y/Y eMMC+UFS controller sales: 1Q decreased 70% to 75% Q/Q and 75...
Silicon Motion To Release First Quarter 2023 Financial Results on May 4
TAIPEI, Taiwan and MILPITAS, Calif., April 07, 2023 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”), a global leader in NAND flash contro...
Silicon Motion Returns to 2023 Embedded World with a Vast Array of PCIe Gen4 SSD Solutions for PCs, Industrial/Embedded and Automotive Applications
NUREMBERG, Germany , March 8, 2023 /PRNewswire/ -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) ("Silicon Motion"), a global leader in designing and marketing NAND flash controllers for soli...
2 M&A Deals Trading at Wide Spreads: A Game of Regulatory Risk
Regulatory risk is king in the mergers and acquisitions (M&A) world as of late, both in the US and abroad. The Biden administration's aggressive antitrust stance and China's heavy scrutiny of semicond...