B. Riley Issues Negative Forecast for SIMO Earnings

Silicon Motion Technology Co. (NASDAQ:SIMO) – Equities research analysts at B. Riley reduced their Q4 2024 earnings estimates for shares of Silicon Motion Technology in a report released 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 forecast 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.

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

A number of other research analysts also recently commented on the stock. Roth Mkm decreased their price objective on shares of Silicon Motion Technology from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, October 8th. Morgan Stanley lowered their price target on Silicon Motion Technology from $78.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Susquehanna reduced their target price on Silicon Motion Technology from $110.00 to $95.00 and set a “positive” rating for the company in a research note on Friday, November 1st. StockNews.com upgraded Silicon Motion Technology from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th. Finally, Needham & Company LLC reduced their price objective on shares of Silicon Motion Technology from $94.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $81.67.

Silicon Motion Technology Trading Down 1.7 %

NASDAQ:SIMO opened at $55.17 on Friday. The stock has a market capitalization of $1.86 billion, a PE ratio of 20.90, a P/E/G ratio of 1.61 and a beta of 0.80. Silicon Motion Technology has a 1-year low of $50.50 and a 1-year high of $85.87. The firm has a fifty day simple moving average of $54.91 and a 200 day simple moving average of $61.41.

Institutional Investors Weigh In On Silicon Motion Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC raised its stake in Silicon Motion Technology by 123.2% in the fourth quarter. GAMMA Investing LLC now owns 877 shares of the semiconductor producer’s stock valued at $47,000 after purchasing an additional 484 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Silicon Motion Technology by 21.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 200,016 shares of the semiconductor producer’s stock worth $12,149,000 after acquiring an additional 35,741 shares during the period. Lord Abbett & CO. LLC boosted its position in shares of Silicon Motion Technology by 21.7% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,103,913 shares of the semiconductor producer’s stock worth $67,051,000 after acquiring an additional 196,609 shares in the last quarter. 272 Capital LP increased its stake in Silicon Motion Technology by 55.3% in the third quarter. 272 Capital LP now owns 101,391 shares of the semiconductor producer’s stock valued at $6,158,000 after acquiring an additional 36,092 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in Silicon Motion Technology during the third quarter valued at approximately $13,211,000. 78.02% of the stock is currently owned by institutional investors and hedge funds.

Silicon Motion Technology Dividend Announcement

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