Top-Rated Dividend StocksTop-Rated DividendNASDAQ:SIMO Silicon Motion Technology (SIMO) Stock Price, News & Analysis → READ THIS – If You Missed Out On The AI Boom (From Banyan Hill Publishing) (Ad) Free SIMO Stock Alerts $76.21 -0.69 (-0.90%) (As of 05/10/2024 ET) Add Compare Share Share Today's Range$75.49▼$78.1550-Day Range$70.86▼$82.8752-Week Range$49.50▼$95.33Volume472,287 shsAverage Volume386,987 shsMarket Capitalization$2.57 billionP/E Ratio43.30Dividend Yield2.61%Price Target$91.13 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Silicon Motion Technology alerts: Email Address Silicon Motion Technology MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside19.6% Upside$91.13 Price TargetShort InterestHealthy2.79% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.70Based on 26 Articles This WeekInsider TradingN/AProj. Earnings Growth52.21%From $2.72 to $4.14 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.38 out of 5 starsComputer And Technology Sector126th out of 601 stocksSemiconductors & Related Devices Industry23rd out of 89 stocks 3.5 Analyst's Opinion Consensus RatingSilicon Motion Technology has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 8 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageSilicon Motion Technology has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Silicon Motion Technology's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.79% of the float of Silicon Motion Technology has been sold short.Short Interest Ratio / Days to CoverSilicon Motion Technology has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Silicon Motion Technology has recently increased by 10.92%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend YieldSilicon Motion Technology pays a meaningful dividend of 2.61%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthSilicon Motion Technology does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Silicon Motion Technology is 113.07%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Silicon Motion Technology will have a dividend payout ratio of 48.07% next year. This indicates that Silicon Motion Technology will be able to sustain or increase its dividend.Read more about Silicon Motion Technology's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SIMO. Previous Next 3.7 News and Social Media Coverage News SentimentSilicon Motion Technology has a news sentiment score of 0.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.51 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 26 news articles for Silicon Motion Technology this week, compared to 4 articles on an average week.Search Interest8 people have searched for SIMO on MarketBeat in the last 30 days. This is an increase of 14% compared to the previous 30 days.MarketBeat Follows10 people have added Silicon Motion Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 233% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Silicon Motion Technology insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 5.34% of the stock of Silicon Motion Technology is held by insiders.Percentage Held by Institutions78.02% of the stock of Silicon Motion Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Silicon Motion Technology's insider trading history. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Silicon Motion Technology are expected to grow by 52.21% in the coming year, from $2.72 to $4.14 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Silicon Motion Technology is 43.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.15.Price to Earnings Ratio vs. SectorThe P/E ratio of Silicon Motion Technology is 43.30, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 241.51.Price to Earnings Growth RatioSilicon Motion Technology has a PEG Ratio of 4.00. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioSilicon Motion Technology has a P/B Ratio of 3.41. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Silicon Motion Technology's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto 101 MediaShocking $16T Elon Musk Crypto LeakReports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.Click here now to get your copy. About Silicon Motion Technology Stock (NASDAQ: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 applications. It markets its controllers under the SMI brand; enterprise-grade SSDs under the Shannon Systems brand; and single-chip industrial-grade SSDs under the FerriSSD, Ferri-eMMC, and Ferri-UFS brands. The company markets and sells its products through direct sales personnel and independent electronics distributors to NAND flash makers, module makers, hyperscalers, and OEMs. It operates in Taiwan, the United States, Korea, China, Malaysia, Singapore, and internationally. The company was founded in 1995 and is based in Hong Kong, Hong Kong.Read More SIMO Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SIMO Stock News HeadlinesApril 16, 2024 | marketbeat.comSilicon Motion Proves That AI in Motion Stays in MotionSilicon Motion Technology Co. NASDAQ: SIMO is a fabless semiconductor company in the computer and technology sector specializing in designing and developing NAND flash memory controllers. The controllers enable solid-state drives (SSD) to operate seamlessly, managing the communications between the NAND flash memory and the computer system.April 16, 2024 | marketbeat.comSilicon Motion Proves That AI in Motion Stays in MotionSilicon Motion Technology Co. (NASDAQ: SIMO) is a fabless semiconductor company in the computer and technology sector specializing in designing and developingMay 12, 2024 | Crypto 101 Media (Ad)The Crypto 9-5 Escape PlanA brand-new guide from the host of one of the world's largest cryptocurrency podcasts lays out an action plan that could help you retire quickly and comfortably in today's crypto market.May 9, 2024 | americanbankingnews.comContrasting Silicon Motion Technology (NASDAQ:SIMO) and Texas Instruments (NASDAQ:TXN)May 8, 2024 | americanbankingnews.comSilicon Motion Technology (NASDAQ:SIMO) PT Raised to $96.00May 8, 2024 | americanbankingnews.comSilicon Motion Technology (NASDAQ:SIMO) Rating Increased to Overweight at Morgan StanleyMay 8, 2024 | americanbankingnews.comSilicon Motion Technology (NASDAQ:SIMO) Stock Rating Reaffirmed by Needham & Company LLCMay 8, 2024 | americanbankingnews.comSilicon Motion Technology (NASDAQ:SIMO) PT Raised to $105.00 at B. RileyMay 12, 2024 | Crypto 101 Media (Ad)The Crypto 9-5 Escape PlanA brand-new guide from the host of one of the world's largest cryptocurrency podcasts lays out an action plan that could help you retire quickly and comfortably in today's crypto market.May 8, 2024 | americanbankingnews.comSilicon Motion Technology (NASDAQ:SIMO) PT Raised to $110.00May 7, 2024 | msn.comMorgan Stanley Upgrades Silicon Motion Technology Corporation - Depositary Receipt () (SIMO)May 7, 2024 | americanbankingnews.comSilicon Motion Technology (NASDAQ:SIMO) Rating Reiterated by WedbushMay 7, 2024 | americanbankingnews.comSilicon Motion Technology (NASDAQ:SIMO) Upgraded by StockNews.com to "Buy"May 7, 2024 | americanbankingnews.comSilicon Motion Technology (NASDAQ:SIMO) Sees Large Volume Increase Following Dividend AnnouncementMay 6, 2024 | benzinga.comSilicon Motion Technology Stock: A Deep Dive Into Analyst Perspectives (11 Ratings)May 6, 2024 | americanbankingnews.comSilicon Motion Technology Co. (SIMO) To Go Ex-Dividend on May 8thMay 5, 2024 | finance.yahoo.comJust Two Days Till Silicon Motion Technology Corporation (NASDAQ:SIMO) Will Be Trading Ex-DividendMay 5, 2024 | finance.yahoo.comSilicon Motion Technology Corporation's (NASDAQ:SIMO) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?May 4, 2024 | insidermonkey.comSilicon Motion Technology Corporation (NASDAQ:SIMO) Q1 2024 Earnings Call TranscriptMay 4, 2024 | markets.businessinsider.comBuy Rating Affirmed for Silicon Motion Technology on Strong Enterprise SSD Prospects and Market ExpansionMay 4, 2024 | americanbankingnews.comSilicon Motion Technology (NASDAQ:SIMO) Shares Gap Up Following Dividend AnnouncementMay 4, 2024 | americanbankingnews.comSilicon Motion Technology Target of Unusually High Options Trading (NASDAQ:SIMO)May 3, 2024 | markets.businessinsider.comBuy Rating Affirmed for Silicon Motion on Strong Growth and Innovative Product PipelineMay 3, 2024 | investorplace.comSIMO Stock Earnings: Silicon Motion Technology Beats EPS, Beats Revenue for Q1 2024May 2, 2024 | globenewswire.comSilicon Motion Announces Results for the Period Ended March 31, 2024May 1, 2024 | msn.comSemrush (SEMR) to Report Q1 Earnings: What's in the Cards?April 29, 2024 | globenewswire.comSilicon Motion Confirms Quarterly DividendSee More Headlines Receive SIMO Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Silicon Motion Technology and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings11/01/2023Ex-Dividend for 3/1 Dividend2/16/2024Dividend Payable3/01/2024Ex-Dividend for 5/23 Dividend5/08/2024Today5/11/2024Dividend Payable5/23/2024Next Earnings (Estimated)7/25/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Semiconductors & related devices Sub-IndustryN/A Current SymbolNASDAQ:SIMO CUSIPN/A CIK1329394 Webwww.siliconmotion.com Phone(522) 307-4768Fax852-2307-4368Employees1,643Year Founded1995Price Target and Rating Average Stock Price Target$91.13 High Stock Price Target$110.00 Low Stock Price Target$75.00 Potential Upside/Downside+19.6%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$1.76 Trailing P/E Ratio43.30 Forward P/E Ratio28.02 P/E Growth4.03Net Income$52.87 million Net Margins8.34% Pretax Margin9.76% Return on Equity7.78% Return on Assets5.95% Debt Debt-to-Equity RatioN/A Current Ratio3.80 Quick Ratio2.71 Sales & Book Value Annual Sales$639.14 million Price / Sales4.02 Cash Flow$2.22 per share Price / Cash Flow34.40 Book Value$22.37 per share Price / Book3.41Miscellaneous Outstanding Shares33,680,000Free Float31,883,000Market Cap$2.57 billion OptionableOptionable Beta0.87 Social Links 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.Get This Free Report Key ExecutivesMr. Chia-Chang Kou (Age 66)Founder, President, CEO, MD & Director Mr. Riyadh Lai (Age 55)Chief Financial Officer Mr. Ken Chen (Age 63)Vice President of Operations Mr. Christopher ChaneyDirector of Investor Relations & StrategyMr. Robert C. Fan (Age 60)Senior Vice President of Global Sales Mr. Nelson S. Duann (Age 55)Senior VP of Client & Automotive Storage Business and Director Mr. Alex ChouSenior VP of Enterprise Storage & Display Interface Solution BusinessMs. Michelle LinVice President of Finance & Corporate ControllerMore ExecutivesKey CompetitorsKulicke and Soffa IndustriesNASDAQ:KLICSemtechNASDAQ:SMTCOSI SystemsNASDAQ:OSISWolfspeedNYSE:WOLFSiTimeNASDAQ:SITMView All CompetitorsInstitutional OwnershipAcadian Asset Management LLCBought 825,394 shares on 5/10/2024Ownership: 3.968%Westfield Capital Management Co. LPSold 33,846 shares on 5/10/2024Ownership: 1.111%Maso Capital Partners LtdSold 20,000 shares on 5/10/2024Ownership: 0.279%M&G PlcBought 81,871 shares on 5/10/2024Ownership: 0.243%HBK Sorce Advisory LLCBought 2,657 shares on 5/9/2024Ownership: 0.008%View All Institutional Transactions SIMO Stock Analysis - Frequently Asked Questions Should I buy or sell Silicon Motion Technology stock right now? 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last twelve months. There are currently 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SIMO shares. View SIMO analyst ratings or view top-rated stocks. What is Silicon Motion Technology's stock price target for 2024? 8 analysts have issued 1 year price objectives for Silicon Motion Technology's stock. Their SIMO share price targets range from $75.00 to $110.00. On average, they predict the company's stock price to reach $91.13 in the next year. This suggests a possible upside of 19.6% from the stock's current price. View analysts price targets for SIMO or view top-rated stocks among Wall Street analysts. How have SIMO shares performed in 2024? Silicon Motion Technology's stock was trading at $61.27 at the beginning of the year. Since then, SIMO stock has increased by 24.4% and is now trading at $76.21. View the best growth stocks for 2024 here. When is Silicon Motion Technology's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024. View our SIMO earnings forecast. How were Silicon Motion Technology's earnings last quarter? Silicon Motion Technology Co. (NASDAQ:SIMO) issued its earnings results on Wednesday, November, 1st. The semiconductor producer reported $0.63 EPS for the quarter, beating the consensus estimate of $0.58 by $0.05. The semiconductor producer earned $172.30 million during the quarter, compared to analyst estimates of $165.70 million. Silicon Motion Technology had a trailing twelve-month return on equity of 7.78% and a net margin of 8.34%. The company's revenue for the quarter was down 31.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.29 earnings per share. How often does Silicon Motion Technology pay dividends? What is the dividend yield for Silicon Motion Technology? Silicon Motion Technology announced a quarterly dividend on Wednesday, May 8th. Shareholders of record on Thursday, May 9th will be given a dividend of $0.50 per share on Thursday, May 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Wednesday, May 8th. Read our dividend analysis for SIMO. Is Silicon Motion Technology a good dividend stock? Silicon Motion Technology (NASDAQ:SIMO) pays an annual dividend of $1.99 per share and currently has a dividend yield of 2.61%. The dividend payout ratio is 113.07%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SIMO will have a dividend payout ratio of 48.07% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SIMO. What ETFs hold Silicon Motion Technology's stock? ETFs with the largest weight of Silicon Motion Technology (NASDAQ:SIMO) stock in their portfolio include Emerge EMPWR Sustainable Emerging Markets Equity ETF (EMCH), AltShares Event-Driven ET (EVNT) and Invesco Nasdaq Future Gen 200 ETF (QQQS).SPDR S&P Emerging Markets SmallCap ETF (EWX). What guidance has Silicon Motion Technology issued on next quarter's earnings? Silicon Motion Technology issued an update on its FY 2024 earnings guidance on Friday, May, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $800.0 million-$830.0 million, compared to the consensus revenue estimate of $793.3 million. What is Wallace C. Kou's approval rating as Silicon Motion Technology's CEO? 8 employees have rated Silicon Motion Technology Chief Executive Officer Wallace C. Kou on Glassdoor.com. Wallace C. Kou has an approval rating of 76% among the company's employees. What other stocks do shareholders of Silicon Motion Technology own? Based on aggregate information from My MarketBeat watchlists, some companies that other Silicon Motion Technology investors own include NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Alibaba Group (BABA), Gilead Sciences (GILD), Netflix (NFLX), AbbVie (ABBV), QUALCOMM (QCOM), Visa (V) and Marvell Technology (MRVL). Who are Silicon Motion Technology's major shareholders? Silicon Motion Technology's stock is owned by many different retail and institutional investors. Top institutional investors include Acadian Asset Management LLC (3.97%), Reinhart Partners LLC. (2.23%), Lord Abbett & CO. LLC (2.07%), Westfield Capital Management Co. LP (1.11%), Heartland Advisors Inc. (0.87%) and Easterly Investment Partners LLC (0.75%). How do I buy shares of Silicon Motion Technology? Shares of SIMO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:SIMO) was last updated on 5/12/2024 by MarketBeat.com Staff From Our PartnersThe ONE AI Stock to own now. (It’s not Nvidia.)Weiss RatingsTech GIANT’s Plans to Revolutionize Crypto…Crypto 101 MediaShocking: One AI startup's revenue could surge 4,735%Manward PressMissed NVDA? 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