June 16, 2024

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Silicon Motion Technology Co. (NASDAQ:SIMO) Given Average Recommendation of “Hold” by Analysts


Silicon Motion Technology Co. (NASDAQ:SIMOGet Score) has earned an common rating of “Hold” from the ten rankings corporations that are presently masking the agency, Marketbeat experiences. Six investment decision analysts have rated the inventory with a hold score and 3 have assigned a get score to the organization. The typical 1-12 months concentrate on price tag among the brokerages that have current their protection on the stock in the last year is $98.25.

A variety of equities investigate analysts just lately commented on the stock. B. Riley lowered shares of Silicon Movement Know-how from a “buy” rating to a “neutral” score in a report on Friday, May well 6th. Susquehanna lowered shares of Silicon Movement Engineering from a “positive” ranking to a “neutral” ranking in a report on Thursday, May perhaps 5th. Roth Funds decreased shares of Silicon Motion Know-how from a “buy” score to a “neutral” rating in a report on Thursday, Could 5th. StockNews.com started off coverage on shares of Silicon Motion Technologies in a report on Thursday, March 31st. They issued a “buy” ranking for the firm. Lastly, Needham & Organization LLC decreased shares of Silicon Motion Technological innovation from a “buy” rating to a “hold” rating in a report on Thursday, May 5th.

A number of institutional buyers have not too long ago modified their holdings of SIMO. Standard Loved ones Office environment LLC acquired a new place in shares of Silicon Movement Engineering in the 4th quarter value about $35,000. Catalyst Capital Advisors LLC acquired a new situation in shares of Silicon Motion Technological innovation in the 4th quarter well worth about $36,000. The best possible Financial investment Advisors bought a new place in shares of Silicon Movement Know-how in the 4th quarter worth about $48,000. Liberty Prosperity Management LLC greater its stake in shares of Silicon Movement Know-how by 89.3% in the 3rd quarter. Liberty Prosperity Management LLC now owns 776 shares of the semiconductor producer’s stock truly worth $53,000 soon after attaining an additional 366 shares in the very last quarter. Last but not least, PrairieView Companions LLC acquired a new placement in shares of Silicon Motion Technologies in the 4th quarter value about $74,000. Institutional investors individual 76.60% of the company’s inventory.

Shares of Silicon Motion Technologies stock opened at $92.04 on Tuesday. The firm has a fifty working day going ordinary of $76.33 and a 200-working day relocating average of $78.74. Silicon Motion Technological know-how has a 52-7 days low of $58.86 and a 52-7 days high of $98.65. The stock has a sector capitalization of $3.22 billion, a value-to-earnings ratio of 14.54, a price-to-earnings-advancement ratio of 1.41 and a beta of 1.02.

Silicon Motion Technological know-how (NASDAQ:SIMOGet Ranking) past posted its quarterly earnings results on Wednesday, May perhaps 4th. The semiconductor producer noted $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $.35. Silicon Movement Technologies experienced a net margin of 22.42% and a return on fairness of 33.47%. The organization had revenue of $242.00 million through the quarter, as opposed to analyst estimates of $239.46 million. During the exact period in the prior 12 months, the small business posted $.98 EPS. The firm’s profits was up 32.7% as opposed to the exact same quarter final year. On common, analysts forecast that Silicon Movement Technological innovation will write-up 7.24 earnings for every share for the latest yr.

The agency also not long ago declared a quarterly dividend, which will be paid on Thursday, May perhaps 26th. Traders of history on Thursday, May perhaps 12th will be compensated a $.50 dividend. The ex-dividend day of this dividend is Wednesday, Could 11th. This represents a $2.00 annualized dividend and a dividend produce of 2.17%. Silicon Movement Technology’s payout ratio is 31.44%.

Silicon Movement Know-how Enterprise Profile (Get Rating)

Silicon Movement Engineering Company, collectively with its subsidiaries, designs, develops, and marketplaces NAND flash controllers for strong-point out storage gadgets. It offers controllers for computing-grade solid point out drives (SSDs), which are utilized in PCs and other shopper equipment business-quality SSDs utilized in information centers eMMC and UFS cell embedded storage for use in smartphones and IoT equipment flash memory playing cards and flash drives for use in expandable storage and specialized SSDs that are made use of in industrial, commercial, and automotive apps.

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Analyst Recommendations for Silicon Motion Technology (NASDAQ:SIMO)

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