Analysts expect that Silicon Motion (NASDAQ:SIMO) will post $0.65 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Silicon Motion’s earnings, with the lowest EPS estimate coming in at $0.47 and the highest estimate coming in at $0.70. Silicon Motion posted earnings of $0.70 per share during the same quarter last year, which would indicate a negative year over year growth rate of 7.1%. The company is scheduled to announce its next quarterly earnings results on Thursday, April 26th.
According to Zacks, analysts expect that Silicon Motion will report full year earnings of $3.30 per share for the current year, with EPS estimates ranging from $3.27 to $3.36. For the next year, analysts anticipate that the company will post earnings of $3.49 per share, with EPS estimates ranging from $1.93 to $4.00. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Silicon Motion.
Silicon Motion (NASDAQ:SIMO) last issued its earnings results on Tuesday, February 6th. The semiconductor producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.21). The company had revenue of $136.17 million for the quarter, compared to analysts’ expectations of $135.00 million. Silicon Motion had a return on equity of 15.33% and a net margin of 14.34%.
Several research firms recently commented on SIMO. KeyCorp boosted their price objective on shares of Silicon Motion from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, December 14th. Nomura lowered shares of Silicon Motion from a “neutral” rating to a “reduce” rating and set a $45.00 price objective on the stock. in a research report on Wednesday, January 10th. B. Riley reiterated a “buy” rating and issued a $68.75 price objective on shares of Silicon Motion in a research report on Tuesday, January 16th. ValuEngine upgraded shares of Silicon Motion from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Susquehanna Bancshares reiterated a “neutral” rating and issued a $48.00 price objective (down from $60.00) on shares of Silicon Motion in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $56.98.
Shares of NASDAQ SIMO traded up $0.82 during trading on Tuesday, hitting $48.52. 253,877 shares of the company were exchanged, compared to its average volume of 534,678. The firm has a market capitalization of $1,684.44, a P/E ratio of 23.22 and a beta of 0.60. Silicon Motion has a 1 year low of $40.33 and a 1 year high of $56.51.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 22nd. Shareholders of record on Thursday, August 9th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, August 8th. This represents a $1.20 dividend on an annualized basis and a yield of 2.47%. Silicon Motion’s dividend payout ratio (DPR) is 47.37%.
A number of large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its holdings in Silicon Motion by 14.1% in the 4th quarter. SG Americas Securities LLC now owns 11,234 shares of the semiconductor producer’s stock valued at $595,000 after purchasing an additional 1,390 shares in the last quarter. DnB Asset Management AS lifted its holdings in Silicon Motion by 11.8% in the 4th quarter. DnB Asset Management AS now owns 13,300 shares of the semiconductor producer’s stock valued at $704,000 after purchasing an additional 1,400 shares in the last quarter. Prince Street Capital Management LLC lifted its holdings in Silicon Motion by 1.7% in the 4th quarter. Prince Street Capital Management LLC now owns 114,300 shares of the semiconductor producer’s stock valued at $6,054,000 after purchasing an additional 1,900 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Silicon Motion by 3.0% in the 3rd quarter. California Public Employees Retirement System now owns 69,103 shares of the semiconductor producer’s stock valued at $3,319,000 after purchasing an additional 2,003 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Silicon Motion by 28.9% in the 3rd quarter. First Trust Advisors LP now owns 11,728 shares of the semiconductor producer’s stock valued at $563,000 after purchasing an additional 2,626 shares in the last quarter. Institutional investors own 85.81% of the company’s stock.
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Silicon Motion Company Profile
Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets semiconductor solutions for the mobile storage and mobile communications markets worldwide. It offers embedded storage and expandable storage products, including NAND flash controllers, such as embedded MultiMediaCard (eMMC), client solid-state drive (SSD), flash memory card, and Universal Serial Bus flash drive controllers.
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