Silicon Motion Technology (SIMO) Given Media Impact Score of 0.21

Media headlines about Silicon Motion Technology (NASDAQ:SIMO) have trended somewhat positive on Tuesday, according to Accern. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Silicon Motion Technology earned a news impact score of 0.21 on Accern’s scale. Accern also gave media stories about the semiconductor producer an impact score of 46.2668264841533 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:

Several research analysts recently commented on SIMO shares. Summit Redstone raised Silicon Motion Technology from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Northland Securities reaffirmed a “buy” rating and issued a $60.00 target price on shares of Silicon Motion Technology in a research report on Sunday, October 29th. UBS Group cut Silicon Motion Technology from a “positive” rating to a “neutral” rating in a research report on Tuesday, January 16th. Susquehanna Bancshares reaffirmed a “neutral” rating and issued a $48.00 target price (down from $60.00) on shares of Silicon Motion Technology in a research report on Tuesday, January 16th. Finally, Zacks Investment Research cut Silicon Motion Technology from a “hold” rating to a “sell” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. Silicon Motion Technology currently has an average rating of “Buy” and a consensus price target of $56.56.

Silicon Motion Technology (SIMO) opened at $44.67 on Tuesday. The company has a market capitalization of $1,575.98, a price-to-earnings ratio of 21.14 and a beta of 0.46. Silicon Motion Technology has a 12-month low of $39.91 and a 12-month high of $56.51.

The business also recently disclosed a None dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Monday, February 12th will be paid a dividend of $0.298 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a yield of 2.12%. Silicon Motion Technology’s dividend payout ratio is currently 47.60%.

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Silicon Motion Technology Company Profile

Silicon Motion Technology Corporation is a fabless semiconductor company. The Company designs, develops and markets low-power semiconductor solutions to original equipment manufacturers (OEMs) and other customers in the mobile storage and mobile communications markets. It is engaged in developing negative-AND (NAND) flash controller integrated circuits (ICs) for solid-state storage devices and specialty radio frequency (RF) ICs for mobile devices.

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