Silicon Motion Technology (NASDAQ:SIMO) Issues Q1 2021 Earnings Guidance


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Silicon Motion Technology (NASDAQ:SIMO) updated its first quarter 2021 earnings guidance on Tuesday. The company provided EPS guidance of – for the period. The company issued revenue guidance of $179.87 million-$179.87 million, compared to the consensus revenue estimate of $156.45 million.

Several equities analysts recently weighed in on the stock. Craig Hallum lifted their target price on shares of Silicon Motion Technology from $55.00 to $100.00 and gave the company a buy rating in a report on Thursday, February 4th. B. Riley boosted their price objective on shares of Silicon Motion Technology from $75.00 to $88.00 and gave the stock a buy rating in a report on Thursday, April 15th. Zacks Investment Research upgraded shares of Silicon Motion Technology from a hold rating to a buy rating and set a $50.00 price objective on the stock in a report on Monday, January 11th. Needham & Company LLC boosted their price objective on shares of Silicon Motion Technology from $72.00 to $82.00 and gave the stock a buy rating in a report on Tuesday, April 13th. Finally, Roth Capital boosted their target price on shares of Silicon Motion Technology from $70.00 to $90.00 and gave the stock a buy rating in a research report on Thursday, April 8th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Silicon Motion Technology presently has an average rating of Buy and an average target price of $67.33.

Shares of NASDAQ:SIMO traded down $3.44 during trading on Tuesday, reaching $66.52. 664,061 shares of the company’s stock traded hands, compared to its average volume of 534,680. Silicon Motion Technology has a 12 month low of $35.13 and a 12 month high of $74.10. The stock has a market capitalization of $2.34 billion, a P/E ratio of 22.32, a price-to-earnings-growth ratio of 2.08 and a beta of 1.06. The company has a 50 day moving average of $65.46 and a 200-day moving average of $52.33.

Silicon Motion Technology (NASDAQ:SIMO) last issued its quarterly earnings data on Tuesday, February 2nd. The semiconductor producer reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.15. The business had revenue of $143.90 million during the quarter, compared to the consensus estimate of $143.08 million. Silicon Motion Technology had a return on equity of 18.13% and a net margin of 18.92%. The business’s revenue was down 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.96 earnings per share. On average, research analysts anticipate that Silicon Motion Technology will post 2.75 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 20th. Shareholders of record on Thursday, May 6th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Wednesday, May 5th. Silicon Motion Technology’s payout ratio is currently 76.37%.

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. It offers solid-state drive (SSDs) used in PCs and other devices, as well as embedded multimediacard (eMMC) and UFS mobile embedded storage used in smartphones.

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Earnings History and Estimates for Silicon Motion Technology (NASDAQ:SIMO)

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