Silicon Motion Technology Corp. (NASDAQ:SIMO) declared a None dividend on Monday, January 8th, Zacks reports. Shareholders of record on Monday, February 12th will be given a dividend of 0.298 per share by the semiconductor producer on Tuesday, February 27th. This represents a yield of 2.12%. The ex-dividend date is Friday, February 9th.
Silicon Motion Technology (NASDAQ SIMO) opened at $50.70 on Tuesday. The company has a market capitalization of $1,790.00, a price-to-earnings ratio of 19.80 and a beta of 0.66. Silicon Motion Technology has a one year low of $37.37 and a one year high of $56.51.
Silicon Motion Technology (NASDAQ:SIMO) last posted its quarterly earnings data on Friday, October 27th. The semiconductor producer reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. The company had revenue of $127.20 million for the quarter, compared to analyst estimates of $127.24 million. Silicon Motion Technology had a return on equity of 19.58% and a net margin of 17.18%. The business’s revenue was down 19.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.07 earnings per share. equities research analysts anticipate that Silicon Motion Technology will post 2.31 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on SIMO. Susquehanna Bancshares restated a “neutral” rating on shares of Silicon Motion Technology in a research report on Tuesday. UBS Group downgraded Silicon Motion Technology from a “positive” rating to a “neutral” rating in a research report on Tuesday. Nomura downgraded Silicon Motion Technology from a “neutral” rating to a “reduce” rating and set a $45.00 target price for the company. in a research report on Wednesday, January 10th. Zacks Investment Research downgraded Silicon Motion Technology from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Finally, B. Riley restated a “buy” rating and set a $68.75 target price on shares of Silicon Motion Technology in a research report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $57.23.
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About Silicon Motion Technology
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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