Silicon Motion Technology (NASDAQ:SIMO) Given Coverage Optimism Score of 0.18

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:

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.

Silicon Motion Technology (NASDAQ:SIMO) last released its quarterly earnings results on Friday, October 27th. The semiconductor producer reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.01. The firm had revenue of $127.20 million for the quarter, compared to analyst estimates of $127.24 million. Silicon Motion Technology had a net margin of 17.18% and a return on equity of 19.58%. The business’s revenue for the quarter was down 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.07 EPS. analysts anticipate that Silicon Motion Technology will post 2.31 EPS for the current year.

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.

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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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