Equities Analysts Set Expectations for SIMO Q4 Earnings

Silicon Motion Technology Co. (NASDAQ:SIMO) – Equities researchers at B. Riley dropped their Q4 2024 EPS estimates for shares of Silicon Motion Technology in a note issued to investors on Tuesday, January 7th. B. Riley analyst C. Ellis now forecasts that the semiconductor producer will post earnings of $0.49 per share for the quarter, down from their previous estimate of $0.52. The consensus estimate for Silicon Motion Technology’s current full-year earnings is $2.59 per share. B. Riley also issued estimates for Silicon Motion Technology’s Q4 2025 earnings at $1.05 EPS, FY2025 earnings at $2.54 EPS, Q1 2026 earnings at $0.63 EPS and Q3 2026 earnings at $1.07 EPS.

Several other research firms also recently commented on SIMO. Susquehanna cut their target price on shares of 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. Craig Hallum reduced their price objective 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. Wedbush restated an “outperform” rating and issued a $90.00 price objective on shares of Silicon Motion Technology in a report on Monday, December 23rd. StockNews.com raised Silicon Motion Technology from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. Finally, Morgan Stanley decreased their price target on Silicon Motion Technology from $78.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. One equities research 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, Silicon Motion Technology currently has an average rating of “Moderate Buy” and an average price target of $81.67.

Silicon Motion Technology Trading Down 1.7 %

Shares of SIMO stock opened at $55.17 on Friday. The business’s 50-day moving average price is $54.91 and its 200-day moving average price is $61.41. Silicon Motion Technology has a 12 month low of $50.50 and a 12 month high of $85.87. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 1.61 and a beta of 0.80.

Silicon Motion Technology (NASDAQ:SIMO) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor producer reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.07. Silicon Motion Technology had a net margin of 10.90% and a return on equity of 11.52%. The company had revenue of $212.40 million during the quarter, compared to the consensus estimate of $209.49 million. During the same period in the prior year, the business earned $0.32 earnings per share. The company’s revenue for the quarter was up 23.3% compared to the same quarter last year.

Institutional Trading of Silicon Motion Technology

Several hedge funds have recently modified their holdings of the stock. Erste Asset Management GmbH acquired a new stake in Silicon Motion Technology in the third quarter valued at approximately $40,331,000. FMR LLC grew its position in Silicon Motion Technology by 27.7% in the 3rd quarter. FMR LLC now owns 2,239,574 shares of the semiconductor producer’s stock valued at $136,032,000 after purchasing an additional 485,862 shares during the period. Reinhart Partners LLC. increased its stake in Silicon Motion Technology by 43.3% during the 3rd quarter. Reinhart Partners LLC. now owns 1,080,375 shares of the semiconductor producer’s stock valued at $65,622,000 after purchasing an additional 326,358 shares in the last quarter. Hood River Capital Management LLC acquired a new position in Silicon Motion Technology during the second quarter worth $21,208,000. Finally, Oddo BHF Asset Management Sas bought a new position in shares of Silicon Motion Technology in the third quarter valued at $13,211,000. Institutional investors own 78.02% of the company’s stock.

Silicon Motion Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend was Thursday, November 14th. Silicon Motion Technology’s payout ratio is 75.76%.

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.