Silicon Motion Technology (NASDAQ:SIMO) is scheduled to be releasing its earnings data after the market closes on Tuesday, February 6th. Analysts expect Silicon Motion Technology to post earnings of $0.62 per share for the quarter.
Silicon Motion Technology (SIMO) opened at $49.56 on Friday. The company has a market cap of $1,779.12, a PE ratio of 19.51 and a beta of 0.46. Silicon Motion Technology has a one year low of $38.59 and a one year high of $56.51.
The business also recently announced a None dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Monday, February 12th will be paid a $0.298 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a yield of 2.12%. Silicon Motion Technology’s dividend payout ratio is currently 35.04%.
A number of brokerages have commented on SIMO. Zacks Investment Research downgraded shares of Silicon Motion Technology from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Nomura downgraded shares of Silicon Motion Technology from a “neutral” rating to a “reduce” rating and set a $45.00 target price on the stock. in a research note on Wednesday, January 10th. B. Riley restated a “buy” rating and issued a $68.75 target price on shares of Silicon Motion Technology in a research note on Monday, January 8th. ValuEngine upgraded shares of Silicon Motion Technology from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Summit Redstone upgraded shares of Silicon Motion Technology from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $57.06.
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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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