Silicon Motion Technology (NASDAQ:SIMO) Releases Quarterly Earnings Results, Misses Expectations By $0.10 EPS

Silicon Motion Technology (NASDAQ:SIMO) posted its earnings results on Wednesday. The semiconductor producer reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.10), Zacks reports. Silicon Motion Technology had a net margin of 10.90% and a return on equity of 11.52%. Silicon Motion Technology updated its Q1 2025 guidance to EPS.

Silicon Motion Technology Stock Performance

NASDAQ:SIMO traded up $2.15 during trading hours on Wednesday, reaching $56.62. The company’s stock had a trading volume of 595,162 shares, compared to its average volume of 340,616. The company has a market capitalization of $1.91 billion, a P/E ratio of 21.45, a price-to-earnings-growth ratio of 1.30 and a beta of 0.79. The stock has a 50 day moving average price of $54.48 and a two-hundred day moving average price of $57.65. Silicon Motion Technology has a 12 month low of $48.81 and a 12 month high of $85.87.

Silicon Motion Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.53%. The ex-dividend date is Thursday, February 13th. Silicon Motion Technology’s payout ratio is 75.38%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Roth Mkm reduced their price objective on Silicon Motion Technology from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, October 8th. Needham & Company LLC lowered their price target on shares of Silicon Motion Technology from $94.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, November 1st. StockNews.com raised Silicon Motion Technology from a “hold” rating to a “buy” rating in a research note on Wednesday. Craig Hallum cut their price objective on shares of Silicon Motion Technology from $96.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, Susquehanna reduced their price target on shares of Silicon Motion Technology from $110.00 to $95.00 and set a “positive” rating on the stock in a report on Friday, November 1st. One analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to MarketBeat.com, Silicon Motion Technology has an average rating of “Moderate Buy” and an average target price of $81.67.

About Silicon Motion Technology

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.