FY2025 Earnings Forecast for Silicon Motion Technology Co. Issued By B. Riley (NASDAQ:SIMO)

Silicon Motion Technology Co. (NASDAQ:SIMO) – Investment analysts at B. Riley decreased their FY2025 EPS estimates for Silicon Motion Technology in a report issued on Thursday, July 25th. B. Riley analyst C. Ellis now expects that the semiconductor producer will earn $3.72 per share for the year, down from their prior forecast of $3.73. B. Riley has a “Buy” rating and a $112.00 price objective on the stock. The consensus estimate for Silicon Motion Technology’s current full-year earnings is $2.84 per share.

Silicon Motion Technology (NASDAQ:SIMO) last announced its quarterly earnings data on Thursday, May 2nd. The semiconductor producer reported $0.48 EPS for the quarter, beating the consensus estimate of $0.41 by $0.07. The business had revenue of $189.31 million during the quarter, compared to the consensus estimate of $180.23 million. Silicon Motion Technology had a net margin of 8.34% and a return on equity of 7.78%.

A number of other research analysts have also recently issued reports on the company. Wedbush reiterated an “outperform” rating and issued a $85.00 target price on shares of Silicon Motion Technology in a research report on Friday, May 3rd. Needham & Company LLC increased their price objective on shares of Silicon Motion Technology from $85.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, July 8th. Susquehanna boosted their target price on shares of Silicon Motion Technology from $100.00 to $110.00 and gave the stock a “positive” rating in a research note on Monday, May 6th. Morgan Stanley upgraded Silicon Motion Technology from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $59.00 to $88.00 in a research note on Monday, May 6th. Finally, StockNews.com raised Silicon Motion Technology from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $93.13.

Silicon Motion Technology Stock Performance

Silicon Motion Technology stock opened at $66.63 on Monday. Silicon Motion Technology has a 52 week low of $49.50 and a 52 week high of $85.87. The stock has a market capitalization of $2.24 billion, a P/E ratio of 37.86, a price-to-earnings-growth ratio of 0.65 and a beta of 0.86. The stock has a fifty day moving average of $79.19 and a 200-day moving average of $74.56.

Institutional Trading of Silicon Motion Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in Silicon Motion Technology by 139.3% in the second quarter. Principal Financial Group Inc. now owns 17,020 shares of the semiconductor producer’s stock valued at $1,378,000 after buying an additional 9,909 shares during the period. F M Investments LLC bought a new position in shares of Silicon Motion Technology in the 2nd quarter worth about $12,718,000. LRI Investments LLC lifted its stake in shares of Silicon Motion Technology by 100.1% in the 2nd quarter. LRI Investments LLC now owns 3,987 shares of the semiconductor producer’s stock valued at $323,000 after purchasing an additional 1,994 shares during the period. Blue Trust Inc. grew its stake in Silicon Motion Technology by 3,971.4% during the second quarter. Blue Trust Inc. now owns 570 shares of the semiconductor producer’s stock worth $44,000 after purchasing an additional 556 shares during the period. Finally, Reinhart Partners LLC. increased its holdings in Silicon Motion Technology by 2.4% in the second quarter. Reinhart Partners LLC. now owns 754,017 shares of the semiconductor producer’s stock worth $61,068,000 after purchasing an additional 17,646 shares in the last quarter. Institutional investors and hedge funds own 78.02% of the company’s stock.

Silicon Motion Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.00%. The ex-dividend date is Thursday, August 8th. Silicon Motion Technology’s payout ratio is presently 113.07%.

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.