Silicon Motion Technology (NASDAQ:SIMO – Get Rating ) will post its quarterly earnings data after the market closes on Tuesday, February 7th. Analysts expect the company to post earnings of $1.38 per share for the quarter.
Silicon Motion Technology (NASDAQ:SIMO – Get Rating) last posted its quarterly earnings results on Tuesday, November 1st. The semiconductor maker reported $1.29 EPS for the quarter, missing the consensus estimate of $1.80 by ($0.51). The firm had revenue of $250.81 million for the quarter, compared to analyst estimates of $279.33 million. Silicon Motion Technology had a net margin of 20.76% and a return on equity of 32.05%. On average, analysts expect Silicon Motion Technology to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Silicon Motion Technology Stock Performance
Shares of SIMO stock opened at $64.48 on Tuesday. The firm has a market cap of $2.13 billion, a PE ratio of 10.45, a P/E/G ratio of 2.41 and a beta of 0.92. The firm’s fifty day moving average is $64.29 and the 200 day moving average is $68.32. Silicon Motion Technology has a one year low of $51.82 and a one year high of $98.65.
Hedge funds weigh in on Silicon Motion technology
Several hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp boosted its stake in shares of Silicon Motion Technology by 3.7% in the third quarter. State Street Corp now owns 640,513 shares of the semiconductor maker’s stock valued at $43,220,000 after buying an additional 23,022 shares during the last quarter. BlackRock Inc. raised its stake in Silicon Motion Technology by 25.5% in the third quarter. BlackRock Inc. now owns 19,227 shares of the semiconductor maker’s stock valued at $1,254,000 after buying an additional 3,902 shares during the period. Royal Bank of Canada boosted its stake in Silicon Motion Technology by 2.4% in the third quarter. Royal Bank of Canada now owns 51,136 shares of the semiconductor maker’s stock valued at $3,333,000 after buying an additional 1,189 shares during the period. Legal & General Group Plc boosted its stake in Silicon Motion Technology by 4.3% in the second quarter. Legal & General Group Plc now owns 32,263 shares of the semiconductor maker’s stock valued at $2,700,000 after buying an additional 1,330 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in Silicon Motion Technology by 64.5% in the second quarter. Goldman Sachs Group Inc. now owns 276,422 shares of the semiconductor maker’s stock valued at $23,137,000 after purchasing an additional 108,350 shares during the period. 66.67% of the shares are owned by hedge funds and other institutional investors.
The Wall Street analyst weighs in
SIMO has been the subject of several analyst reports. StockNews.com began coverage on shares of Silicon Motion Technology in a research report on Wednesday, October 12th. They assign a “hold” rating to the stock. Susquehanna raised shares of Silicon Motion Technology from a “neutral” rating to a “positive” rating and set a $108.00 target price on the stock in a research report on Wednesday, October 5th. Susquehanna Bancshares upgraded shares of Silicon Motion Technology to a “positive” rating and set a $108.00 target price on the stock in a research report on Wednesday, October 5th. Finally, Needham & Company LLC upgraded shares of Silicon Motion Technology from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Wednesday, November 2nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.60, according to MarketBeat.com.
About Silicon Motion technology
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Silicon Motion Technology Corp. is engaged in the development, manufacture and supply of semiconductor products for the electronics market. The company’s products include flash controllers, storage solutions and more. It offers built-in and expandable storage, RF integrated circuits and integrated graphics.
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