Media headlines about Silicon Motion Technology (NASDAQ:SIMO) have trended somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Silicon Motion Technology earned a news impact score of 0.21 on Accern’s scale. Accern also assigned press coverage about the semiconductor producer an impact score of 45.8100311225138 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Silicon Motion Technology (NASDAQ:SIMO) opened at $52.89 on Tuesday. The company has a market capitalization of $1,870.00, a P/E ratio of 20.66 and a beta of 0.65. Silicon Motion Technology has a 12 month low of $37.37 and a 12 month high of $55.68.
Silicon Motion Technology (NASDAQ:SIMO) last announced its quarterly earnings results on Friday, October 27th. The semiconductor producer reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.01. The business had revenue of $127.20 million for the quarter, compared to analysts’ expectations of $127.24 million. Silicon Motion Technology had a return on equity of 19.58% and a net margin of 17.18%. The business’s quarterly revenue was down 19.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.07 EPS. analysts predict that Silicon Motion Technology will post 2.31 EPS for the current year.
About Silicon Motion Technology
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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