Silicon Motion Technology (SIMO) to Release Earnings on Tuesday

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 hedge fund recently raised its stake in Silicon Motion Technology stock. State Street Corp increased its holdings in shares of Silicon Motion Technology Corp. (NASDAQ:SIMO) by 10.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,417 shares of the semiconductor producer’s stock after purchasing an additional 3,509 shares during the period. State Street Corp owned 0.10% of Silicon Motion Technology worth $1,757,000 as of its most recent SEC filing. Institutional investors and hedge funds own 82.95% of the company’s stock.

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.

COPYRIGHT VIOLATION WARNING: “Silicon Motion Technology (SIMO) to Release Earnings on Tuesday” was originally reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.com-unik.info/2018/02/04/silicon-motion-technology-simo-to-release-earnings-on-tuesday.html.

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.

Earnings History for Silicon Motion Technology (NASDAQ:SIMO)

Receive News & Ratings for Silicon Motion Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silicon Motion Technology and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit