Silicon Motion Technology (NASDAQ:SIMO) Posts Quarterly Earnings Results, Misses Expectations By $0.10 EPS

Silicon Motion Technology (NASDAQ:SIMO) issued its quarterly earnings results on Wednesday. The semiconductor producer reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.10), Zacks reports. Silicon Motion Technology had a return on equity of 11.52% and a net margin of 10.90%. Silicon Motion Technology updated its Q1 2025 guidance to EPS.

Silicon Motion Technology Trading Down 1.4 %

Shares of NASDAQ SIMO traded down $0.80 during mid-day trading on Thursday, reaching $55.82. The company had a trading volume of 349,609 shares, compared to its average volume of 337,773. Silicon Motion Technology has a 1-year low of $48.81 and a 1-year high of $85.87. The stock has a market cap of $1.88 billion, a PE ratio of 21.14, a P/E/G ratio of 1.30 and a beta of 0.79. The company has a 50-day moving average price of $54.57 and a two-hundred day moving average price of $57.65.

Silicon Motion Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $2.00 annualized dividend and a dividend yield of 3.58%. Silicon Motion Technology’s dividend payout ratio is currently 75.38%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SIMO shares. Craig Hallum decreased their target price on shares of Silicon Motion Technology from $96.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Needham & Company LLC dropped their price objective on shares of Silicon Motion Technology from $94.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Susquehanna lowered their price target on Silicon Motion Technology from $110.00 to $95.00 and set a “positive” rating on the stock in a report on Friday, November 1st. StockNews.com raised Silicon Motion Technology from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Wedbush reaffirmed an “outperform” rating and set a $90.00 price target on shares of Silicon Motion Technology in a report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $81.67.

Silicon Motion Technology announced that its board has authorized a stock repurchase program on Wednesday, February 5th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the semiconductor producer to repurchase up to 2.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Silicon Motion Technology Company Profile

Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. The company offers controllers for computing-grade solid state drives (SSDs), which are used in PCs and other client devices; enterprise-grade SSDs used in data centers; eMMC and UFS mobile embedded storage for use in smartphones and IoT devices; flash memory cards and flash drives for use in expandable storage; and specialized SSDs that are used in industrial, commercial, and automotive applications.