Silicon Motion Technology (SIMO) Expected to Announce Quarterly Earnings on Wednesday

Silicon Motion Technology (NASDAQ:SIMO) is expected to issue its quarterly earnings data after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.78 per share and revenue of $191.00 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Silicon Motion Technology Price Performance

NASDAQ:SIMO opened at $54.61 on Monday. Silicon Motion Technology has a one year low of $48.81 and a one year high of $85.87. The company has a market cap of $1.84 billion, a PE ratio of 20.69, a P/E/G ratio of 1.22 and a beta of 0.80. The firm’s 50 day simple moving average is $54.54 and its 200 day simple moving average is $57.97.

Silicon Motion Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.66%. Silicon Motion Technology’s dividend payout ratio (DPR) is presently 75.38%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SIMO. Roth Mkm lowered their target price on Silicon Motion Technology from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, October 8th. Craig Hallum cut their price objective on Silicon Motion Technology from $96.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. StockNews.com downgraded shares of Silicon Motion Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Susquehanna dropped their price target on shares of Silicon Motion Technology from $110.00 to $95.00 and set a “positive” rating on the stock in a research report on Friday, November 1st. Finally, Needham & Company LLC dropped their target price on shares of Silicon Motion Technology from $94.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Silicon Motion Technology currently has an average rating of “Moderate Buy” and a consensus price target of $81.67.

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.