Silicon Motion Technology Corporation (NASDAQ:SIMO) Receives $100.00 Consensus Price Target from Analysts

Silicon Motion Technology Corporation (NASDAQ:SIMO) has been assigned an average recommendation of “Buy” from the ten research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $104.2857.

SIMO has been the subject of a number of recent analyst reports. Susquehanna raised their price objective on shares of Silicon Motion Technology from $90.00 to $95.00 and gave the company a “positive” rating in a research report on Friday, August 1st. B. Riley raised their price objective on shares of Silicon Motion Technology from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Craig Hallum raised their price objective on shares of Silicon Motion Technology from $70.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Zacks Research upgraded shares of Silicon Motion Technology from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Finally, Wedbush restated an “outperform” rating and issued a $115.00 price objective (up previously from $100.00) on shares of Silicon Motion Technology in a research report on Thursday.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SIMO. Envestnet Asset Management Inc. increased its holdings in Silicon Motion Technology by 77.6% in the first quarter. Envestnet Asset Management Inc. now owns 93,821 shares of the semiconductor producer’s stock valued at $4,744,000 after buying an additional 40,981 shares in the last quarter. Cerity Partners LLC increased its holdings in Silicon Motion Technology by 35.9% in the first quarter. Cerity Partners LLC now owns 31,413 shares of the semiconductor producer’s stock valued at $1,588,000 after buying an additional 8,298 shares in the last quarter. Signaturefd LLC increased its holdings in Silicon Motion Technology by 79.3% in the first quarter. Signaturefd LLC now owns 1,664 shares of the semiconductor producer’s stock valued at $84,000 after buying an additional 736 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Silicon Motion Technology by 8.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 757,506 shares of the semiconductor producer’s stock valued at $38,300,000 after buying an additional 61,213 shares in the last quarter. Finally, Easterly Investment Partners LLC increased its holdings in Silicon Motion Technology by 1.8% in the first quarter. Easterly Investment Partners LLC now owns 208,556 shares of the semiconductor producer’s stock valued at $10,545,000 after buying an additional 3,625 shares in the last quarter. 78.02% of the stock is owned by hedge funds and other institutional investors.

Silicon Motion Technology Stock Performance

Shares of SIMO opened at $98.11 on Friday. Silicon Motion Technology has a fifty-two week low of $37.21 and a fifty-two week high of $106.60. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 41.40, a price-to-earnings-growth ratio of 1.75 and a beta of 1.03. The firm has a 50-day simple moving average of $90.68 and a 200-day simple moving average of $74.82.

Silicon Motion Technology (NASDAQ:SIMO) last announced its earnings results on Thursday, October 30th. The semiconductor producer reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.19. The business had revenue of $242.00 million during the quarter, compared to the consensus estimate of $222.60 million. Silicon Motion Technology had a net margin of 10.36% and a return on equity of 10.14%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.92 earnings per share. Silicon Motion Technology has set its Q4 2025 guidance at EPS. Equities research analysts forecast that Silicon Motion Technology will post 3.08 EPS for the current year.

Silicon Motion Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be given a $0.50 dividend. The ex-dividend date is Thursday, August 6th. This represents a $2.00 dividend on an annualized basis and a yield of 2.0%. Silicon Motion Technology’s dividend payout ratio (DPR) is presently 68.73%.

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.