Silicon Motion Technology (NASDAQ:SIMO) Posts Earnings Results, Misses Estimates By $0.10 EPS

Silicon Motion Technology (NASDAQ:SIMO) posted its quarterly earnings results on Wednesday. The semiconductor producer reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.10), Zacks reports. Silicon Motion Technology had a return on equity of 11.52% and a net margin of 10.90%. Silicon Motion Technology updated its Q1 2025 guidance to EPS.

Silicon Motion Technology Stock Performance

Shares of NASDAQ SIMO traded up $2.15 during trading hours on Wednesday, hitting $56.62. The company’s stock had a trading volume of 595,162 shares, compared to its average volume of 340,616. The business has a 50-day simple moving average of $54.48 and a 200-day simple moving average of $57.65. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 21.45, a P/E/G ratio of 1.30 and a beta of 0.79. Silicon Motion Technology has a 12 month low of $48.81 and a 12 month high of $85.87.

Silicon Motion Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Thursday, February 13th. Silicon Motion Technology’s dividend payout ratio (DPR) is 75.38%.

Analyst Ratings Changes

Several research firms have weighed in on SIMO. Needham & Company LLC lowered their price target on Silicon Motion Technology from $94.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, November 1st. StockNews.com upgraded Silicon Motion Technology from a “hold” rating to a “buy” rating in a research report on Wednesday. Susquehanna reduced their price objective on 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. Wedbush restated an “outperform” rating and issued a $90.00 target price on shares of Silicon Motion Technology in a research report on Monday, December 23rd. Finally, Craig Hallum decreased their price target on shares of 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. One analyst has rated the stock with a sell rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.