News stories about Silicon Motion Technology (NASDAQ:SIMO) have been trending somewhat positive on Tuesday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Silicon Motion Technology earned a news impact score of 0.18 on Accern’s scale. Accern also assigned headlines about the semiconductor producer an impact score of 46.036251448757 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media stories that may have impacted Accern’s rankings:
- Analyst Predictions in Focus for This Stock: Silicon Motion Technology Corporation (NASDAQ:SIMO) – Clawson News (clawsonnews.com)
- Brokerages Expect Silicon Motion Technology Corp. (SIMO) Will Post Quarterly Sales of $135.07 Million (americanbankingnews.com)
- Mid-Morning Market Update: Markets Open Lower; Lennar Earnings Miss Expectations – Benzinga (benzinga.com)
- Silicon Motion Technology (SIMO) Stock Rating Lowered by Nomura (americanbankingnews.com)
- Silicon Motion Technology Corp. (SIMO) Announces None Dividend of $0.30 (americanbankingnews.com)
Silicon Motion Technology (SIMO) opened at $50.70 on Tuesday. Silicon Motion Technology has a 12 month low of $37.37 and a 12 month high of $56.51. The firm has a market cap of $1,791.13, a P/E ratio of 19.96 and a beta of 0.65.
The company also recently announced a None dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Monday, February 12th will be given a $0.298 dividend. This represents a yield of 2.12%. The ex-dividend date of this dividend is Friday, February 9th. Silicon Motion Technology’s payout ratio is 35.04%.
Several analysts have recently commented on SIMO shares. B. Riley reiterated a “buy” rating and set a $68.75 price objective on shares of Silicon Motion Technology in a report on Monday, January 8th. Zacks Investment Research upgraded Silicon Motion Technology from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. ValuEngine raised Silicon Motion Technology from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $57.00 price target (up from $54.00) on shares of Silicon Motion Technology in a research report on Monday, October 9th. Finally, Loop Capital increased their price target on Silicon Motion Technology from $51.00 to $59.00 and gave the stock a “buy” rating in a research report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $57.23.
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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