Silicon Motion (NASDAQ:SIMO) has earned an average rating of “Buy” from the eighteen analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $56.98.
A number of brokerages recently weighed in on SIMO. UBS lowered Silicon Motion from a “positive” rating to a “neutral” rating in a research report on Tuesday, January 16th. JPMorgan Chase started coverage on Silicon Motion in a research report on Wednesday, March 28th. They issued a “buy” rating and a $60.00 price target on the stock. Susquehanna Bancshares reiterated a “neutral” rating and issued a $48.00 price target (down previously from $60.00) on shares of Silicon Motion in a research report on Tuesday, January 16th. BidaskClub upgraded Silicon Motion from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 29th. Finally, Zacks Investment Research lowered Silicon Motion from a “hold” rating to a “sell” rating in a research report on Monday, February 12th.
SIMO stock traded down $0.21 during midday trading on Friday, reaching $49.21. 160,798 shares of the stock were exchanged, compared to its average volume of 521,292. The firm has a market capitalization of $1,740.26, a P/E ratio of 23.60 and a beta of 0.60. Silicon Motion has a 52 week low of $40.33 and a 52 week high of $56.51.
Silicon Motion (NASDAQ:SIMO) last issued its quarterly earnings data on Tuesday, February 6th. The semiconductor producer reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.21). The firm had revenue of $136.17 million for the quarter, compared to the consensus estimate of $135.00 million. Silicon Motion had a return on equity of 15.33% and a net margin of 14.34%. sell-side analysts anticipate that Silicon Motion will post 2.98 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 22nd. Stockholders of record on Thursday, August 9th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Wednesday, August 8th. Silicon Motion’s dividend payout ratio is 47.37%.
Several large investors have recently made changes to their positions in SIMO. State Street Corp lifted its stake in shares of Silicon Motion by 10.7% in the 2nd quarter. State Street Corp now owns 36,417 shares of the semiconductor producer’s stock valued at $1,757,000 after purchasing an additional 3,509 shares during the period. First Trust Advisors LP lifted its stake in shares of Silicon Motion by 28.9% in the 3rd quarter. First Trust Advisors LP now owns 11,728 shares of the semiconductor producer’s stock valued at $563,000 after purchasing an additional 2,626 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Silicon Motion by 69.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 144,631 shares of the semiconductor producer’s stock valued at $6,947,000 after purchasing an additional 59,175 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Silicon Motion by 236.2% in the 3rd quarter. Wells Fargo & Company MN now owns 197,230 shares of the semiconductor producer’s stock valued at $9,473,000 after purchasing an additional 138,571 shares during the period. Finally, Brown Advisory Inc. lifted its stake in shares of Silicon Motion by 42.3% in the 3rd quarter. Brown Advisory Inc. now owns 10,559 shares of the semiconductor producer’s stock valued at $507,000 after purchasing an additional 3,140 shares during the period. 85.81% of the stock is currently owned by institutional investors.
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About Silicon Motion
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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