Press coverage about Silicon Motion Technology Corporation (NASDAQ:SIMO) has been trending somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Silicon Motion Technology Corporation earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned news articles about the semiconductor producer an impact score of 46.0096235797774 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- 1 Thing That's Hurting Silicon Motion Technology Stock (finance.yahoo.com)
- Silicon Motion Technology Corporation (SIMO) is at $42.38 per share and Dell Technologies Inc. (DVMT) is listed at … – Stocks Gallery (stocksgallery.com)
- Silicon Motion Expands its portfolio of PCIe NVMe SSD controller solutions – HEXUS (hexus.net)
- Silicon Motion Expands its portfolio of PCIe NVMe SSD controller solutions at the 2017 Flash Memory Summit – PR Newswire (press release) (prnewswire.com)
- Initiating Research Reports on Electronics Equities — Silicon Motion Technology, MicroVision, Plug Power, and Uni Pixel – PR Newswire (press release) (prnewswire.com)
A number of brokerages recently weighed in on SIMO. B. Riley restated a “buy” rating and set a $68.75 price objective on shares of Silicon Motion Technology Corporation in a research report on Wednesday, April 26th. Lake Street Capital restated a “buy” rating and set a $50.00 price objective (down previously from $56.00) on shares of Silicon Motion Technology Corporation in a research report on Wednesday, August 2nd. Roth Capital lowered their price objective on shares of Silicon Motion Technology Corporation from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, August 1st. Craig Hallum restated a “buy” rating and set a $60.00 price objective (down previously from $67.00) on shares of Silicon Motion Technology Corporation in a research report on Wednesday, August 2nd. Finally, Summit Redstone restated a “hold” rating on shares of Silicon Motion Technology Corporation in a research report on Saturday, July 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $56.84.
Shares of Silicon Motion Technology Corporation (SIMO) opened at 42.50 on Friday. Silicon Motion Technology Corporation has a 52 week low of $37.37 and a 52 week high of $56.25. The stock has a market capitalization of $1.52 billion, a PE ratio of 14.37 and a beta of 0.68. The stock has a 50 day moving average of $44.59 and a 200-day moving average of $45.77.
Silicon Motion Technology Corporation (NASDAQ:SIMO) last posted its earnings results on Monday, July 31st. The semiconductor producer reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by $0.04. Silicon Motion Technology Corporation had a net margin of 18.91% and a return on equity of 24.24%. The firm had revenue of $132.70 million during the quarter, compared to analyst estimates of $132.92 million. During the same quarter in the prior year, the firm earned $0.86 earnings per share. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, equities research analysts expect that Silicon Motion Technology Corporation will post $2.67 EPS for the current year.
Silicon Motion Technology Corporation declared that its board has initiated a stock repurchase plan on Monday, July 31st that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the semiconductor producer to repurchase up to 13.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
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Silicon Motion Technology Corporation 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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