Shares of Silicon Motion (NASDAQ:SIMO) have been assigned a consensus rating of “Buy” from the eighteen analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, thirteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $56.98.
Several research analysts recently issued reports on SIMO shares. B. Riley reaffirmed a “buy” rating and set a $68.75 target price on shares of Silicon Motion in a research report on Monday, January 8th. Zacks Investment Research raised Silicon Motion from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. BidaskClub raised Silicon Motion from a “hold” rating to a “buy” rating in a research report on Tuesday, March 20th. JPMorgan Chase started coverage on Silicon Motion in a research report on Wednesday, March 28th. They set a “buy” rating and a $60.00 target price on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $57.00 target price on shares of Silicon Motion in a research report on Wednesday, January 17th.
Shares of NASDAQ:SIMO opened at $47.68 on Friday. Silicon Motion has a 1 year low of $40.33 and a 1 year high of $56.51. The stock has a market cap of $1,733.55, a P/E ratio of 22.81 and a beta of 0.60.
Silicon Motion (NASDAQ:SIMO) last announced its earnings results on Tuesday, February 6th. The semiconductor producer reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.21). Silicon Motion had a net margin of 14.34% and a return on equity of 15.33%. The business had revenue of $136.17 million for the quarter, compared to analyst estimates of $135.00 million. equities analysts predict that Silicon Motion will post 2.97 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 22nd. Shareholders of record on Thursday, August 9th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, August 8th. This represents a $1.20 annualized dividend and a yield of 2.52%. Silicon Motion’s payout ratio is presently 47.37%.
A number of institutional investors have recently bought and sold shares of the business. Sylebra HK Co Ltd grew its stake in Silicon Motion by 444.8% during the 4th quarter. Sylebra HK Co Ltd now owns 534,440 shares of the semiconductor producer’s stock valued at $28,304,000 after purchasing an additional 436,339 shares during the last quarter. Schafer Cullen Capital Management Inc. grew its stake in Silicon Motion by 152.2% during the 4th quarter. Schafer Cullen Capital Management Inc. now owns 47,223 shares of the semiconductor producer’s stock valued at $2,501,000 after purchasing an additional 28,495 shares during the last quarter. Park West Asset Management LLC grew its stake in Silicon Motion by 68.4% during the 4th quarter. Park West Asset Management LLC now owns 1,145,338 shares of the semiconductor producer’s stock valued at $60,657,000 after purchasing an additional 465,338 shares during the last quarter. Castleark Management LLC purchased a new stake in Silicon Motion during the 4th quarter valued at about $148,000. Finally, EP Wealth Advisors LLC purchased a new stake in Silicon Motion during the 4th quarter valued at about $233,000. Institutional investors and hedge funds own 85.81% of the company’s stock.
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Silicon Motion Company Profile
Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets semiconductor solutions for the mobile storage and mobile communications markets worldwide. It offers embedded storage and expandable storage products, including NAND flash controllers, such as embedded MultiMediaCard (eMMC), client solid-state drive (SSD), flash memory card, and Universal Serial Bus flash drive controllers.
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