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

Silicon Motion Technology Corporation (NASDAQ:SIMO) has been assigned a consensus rating of “Buy” from the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $111.25.

Several research analysts have issued reports on the stock. Zacks Research upgraded shares of Silicon Motion Technology from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. JPMorgan Chase & Co. lifted their target price on shares of Silicon Motion Technology from $85.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday. B. Riley upped their price target 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 increased their price target on Silicon Motion Technology from $70.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Finally, Wedbush set a $120.00 price objective on Silicon Motion Technology in a research note on Monday.

Silicon Motion Technology Stock Down 3.4%

Shares of NASDAQ:SIMO opened at $95.37 on Friday. The firm has a market cap of $3.24 billion, a P/E ratio of 40.24, a P/E/G ratio of 1.75 and a beta of 1.03. Silicon Motion Technology has a 12-month low of $37.21 and a 12-month high of $106.60. The business has a fifty day simple moving average of $92.00 and a 200 day simple moving average of $75.90.

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

Silicon Motion Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, August 6th. Silicon Motion Technology’s dividend payout ratio is presently 68.73%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its holdings in Silicon Motion Technology by 169.4% in the second quarter. EverSource Wealth Advisors LLC now owns 582 shares of the semiconductor producer’s stock worth $44,000 after purchasing an additional 366 shares during the period. GAMMA Investing LLC grew its stake in shares of Silicon Motion Technology by 118.3% in the 2nd quarter. GAMMA Investing LLC now owns 976 shares of the semiconductor producer’s stock valued at $73,000 after buying an additional 529 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Silicon Motion Technology in the 2nd quarter valued at about $75,000. Signaturefd LLC increased its position in Silicon Motion Technology by 79.3% in the 1st 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. Finally, Headlands Technologies LLC acquired a new position in Silicon Motion Technology during the 2nd quarter worth approximately $108,000. Institutional investors and hedge funds own 78.02% of the company’s stock.

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.