B. Riley Analysts Reduce Earnings Estimates for SIMO

Silicon Motion Technology Co. (NASDAQ:SIMO) – Research analysts at B. Riley lowered their Q4 2024 earnings per share estimates for shares of Silicon Motion Technology in a research note issued to investors on Tuesday, January 7th. B. Riley analyst C. Ellis now anticipates that the semiconductor producer will post earnings per share of $0.49 for the quarter, down from their previous estimate 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.

Several other equities analysts have also recently commented on the stock. Susquehanna dropped their target price on shares of Silicon Motion Technology from $110.00 to $95.00 and set a “positive” rating for the company in a research report on Friday, November 1st. Wedbush restated an “outperform” rating and issued a $90.00 target price on shares of Silicon Motion Technology in a research report on Monday, December 23rd. StockNews.com upgraded shares of Silicon Motion Technology from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. Roth Mkm dropped their target price 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. Finally, Craig Hallum dropped their target price on shares of Silicon Motion Technology from $96.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Silicon Motion Technology has a consensus rating of “Moderate Buy” and a consensus price target of $81.67.

Silicon Motion Technology Stock Performance

SIMO opened at $52.96 on Friday. Silicon Motion Technology has a 52-week low of $50.50 and a 52-week high of $85.87. The firm has a market cap of $1.78 billion, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 1.61 and a beta of 0.80. The business’s fifty day moving average is $54.91 and its 200-day moving average is $61.24.

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

Institutional Investors Weigh In On Silicon Motion Technology

Institutional investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. grew its holdings in Silicon Motion Technology by 129.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 445 shares of the semiconductor producer’s stock worth $27,000 after acquiring an additional 251 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Silicon Motion Technology by 123.2% in the 4th quarter. GAMMA Investing LLC now owns 877 shares of the semiconductor producer’s stock valued at $47,000 after purchasing an additional 484 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Silicon Motion Technology by 139.5% in the 3rd quarter. Blue Trust Inc. now owns 1,365 shares of the semiconductor producer’s stock valued at $83,000 after purchasing an additional 795 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Silicon Motion Technology in the 2nd quarter valued at $139,000. Finally, XTX Topco Ltd bought a new stake in shares of Silicon Motion Technology in the 2nd quarter valued at $220,000. 78.02% of the stock is owned by institutional investors.

Silicon Motion Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend is Thursday, August 7th. Silicon Motion Technology’s 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.