Research Analysts Set Expectations for SIMO Q4 Earnings

Silicon Motion Technology Co. (NASDAQ:SIMO) – Stock analysts at B. Riley cut their Q4 2024 EPS estimates for shares of Silicon Motion Technology in a research note issued to investors on Tuesday, January 7th. B. Riley analyst C. Ellis now anticipates that the semiconductor producer will earn $0.49 per share for the quarter, down from their prior estimate of $0.52. The consensus estimate for Silicon Motion Technology’s current full-year earnings is $2.59 per share. B. Riley also issued estimates for Silicon Motion Technology’s Q4 2025 earnings at $1.05 EPS, FY2025 earnings at $2.54 EPS, Q1 2026 earnings at $0.63 EPS and Q3 2026 earnings at $1.07 EPS.

A number of other research analysts also recently issued reports on the stock. Wedbush reiterated an “outperform” rating and set a $90.00 target price on shares of Silicon Motion Technology in a research report on Monday, December 23rd. Needham & Company LLC lowered 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 report on Friday, November 1st. Morgan Stanley lowered their price objective on shares of Silicon Motion Technology from $78.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Susquehanna lowered their price objective on shares of Silicon Motion Technology from $110.00 to $95.00 and set a “positive” rating on the stock in a report on Friday, November 1st. Finally, Roth Mkm lowered their price objective on shares of Silicon Motion Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, October 8th. One analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $81.67.

Silicon Motion Technology Stock Down 4.0 %

Silicon Motion Technology stock opened at $52.96 on Friday. Silicon Motion Technology has a 12-month low of $50.50 and a 12-month high of $85.87. The firm’s fifty day moving average is $54.91 and its 200 day moving average is $61.24. The company has a market capitalization of $1.78 billion, a PE ratio of 20.06, a PEG ratio of 1.61 and a beta of 0.80.

Silicon Motion Technology (NASDAQ:SIMO) last released its earnings results on Wednesday, October 30th. The semiconductor producer reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.07. Silicon Motion Technology had a net margin of 10.90% and a return on equity of 11.52%. The company had revenue of $212.40 million for the quarter, compared to the consensus estimate of $209.49 million. During the same quarter in the previous year, the company earned $0.32 EPS. Silicon Motion Technology’s quarterly revenue was up 23.3% compared to the same quarter last year.

Institutional Trading of Silicon Motion Technology

Several institutional investors and hedge funds have recently made changes to their positions in SIMO. Erste Asset Management GmbH purchased a new stake in shares of Silicon Motion Technology in the third quarter valued at about $40,331,000. FMR LLC grew its position in Silicon Motion Technology by 27.7% during the third quarter. FMR LLC now owns 2,239,574 shares of the semiconductor producer’s stock valued at $136,032,000 after buying an additional 485,862 shares during the period. Reinhart Partners LLC. grew its position in Silicon Motion Technology by 43.3% during the third quarter. Reinhart Partners LLC. now owns 1,080,375 shares of the semiconductor producer’s stock valued at $65,622,000 after buying an additional 326,358 shares during the period. Hood River Capital Management LLC bought a new position in Silicon Motion Technology during the second quarter valued at about $21,208,000. Finally, Oddo BHF Asset Management Sas bought a new position in Silicon Motion Technology during the third quarter valued at about $13,211,000. Hedge funds and other institutional investors own 78.02% of the company’s stock.

Silicon Motion Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be issued a $0.50 dividend. The ex-dividend date is Thursday, August 7th. This represents a $2.00 annualized dividend and a dividend yield of 3.78%. Silicon Motion Technology’s dividend payout ratio is currently 75.76%.

About Silicon Motion Technology

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.