News coverage about Silicon Motion Technology (NASDAQ:SIMO) has trended somewhat positive on Thursday, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Silicon Motion Technology earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave news coverage about the semiconductor producer an impact score of 46.8702437524394 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Hot Stock’s Alert – Silicon Motion Technology Corporation, (NASDAQ: SIMO) – Stock Trading Media (stocktradingmedia.com)
- Keep an eye on Analysts Rating: Silicon Motion Technology Corporation (SIMO) – Wall Street Morning (wallstreetmorning.com)
- Silicon Motion Technology Corporation (NASDAQ:SIMO) – May This Data Fuel Up Investor’s Confidence – Nasdaq Journal (nasdaqjournal.com)
- Silicon Motion Technology Corp. (SIMO) Receives Consensus Rating of “Buy” from Analysts (americanbankingnews.com)
- Galaxy S9 price, specs and release date: Microsoft is flogging ‘custom’ Galaxy S9 handsets (theinquirer.net)
A number of research firms have recently weighed in on SIMO. Zacks Investment Research raised shares of Silicon Motion Technology from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. BidaskClub downgraded shares of Silicon Motion Technology from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. KeyCorp reissued a “buy” rating and set a $54.00 price target on shares of Silicon Motion Technology in a research report on Wednesday, February 7th. Needham & Company LLC reissued a “buy” rating and set a $57.00 price target on shares of Silicon Motion Technology in a research report on Wednesday, January 17th. Finally, B. Riley reissued a “buy” rating and set a $68.75 price target on shares of Silicon Motion Technology in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $56.70.
Silicon Motion Technology (NASDAQ:SIMO) last announced its quarterly earnings data on Tuesday, February 6th. The semiconductor producer reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.21). Silicon Motion Technology had a return on equity of 15.33% and a net margin of 14.34%. The firm had revenue of $136.17 million for the quarter, compared to the consensus estimate of $135.00 million. sell-side analysts forecast that Silicon Motion Technology will post 2.97 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 22nd. Investors of record on Thursday, August 9th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Wednesday, August 8th. Silicon Motion Technology’s dividend payout ratio (DPR) is presently 47.14%.
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Silicon Motion Technology Company Profile
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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