Silicon Motion Technology Co. (NASDAQ:SIMO) Expected to Post Quarterly Sales of $263.42 Million

Brokerages forecast that Silicon Motion Technological know-how Co. (NASDAQ:SIMO – Get Rating) will report $263.42 million in gross sales for the latest fiscal quarter, Zacks studies. 5 analysts have supplied estimates for Silicon Movement Technology’s earnings. The maximum gross sales estimate is $285.54 million and the lowest is $251.16 million. Silicon Movement Engineering noted sales of $221.10 million through the identical quarter very last year, which suggests a constructive calendar year-around-year advancement rate of 19.1%. The business is scheduled to announce its following earnings report on Monday, January 1st.

According to Zacks, analysts be expecting that Silicon Motion Technology will report entire-year sales of $1.14 billion for the current money calendar year, with estimates ranging from $1.09 billion to $1.17 billion. For the upcoming yr, analysts forecast that the company will report sales of $1.24 billion, with estimates ranging from $1.08 billion to $1.40 billion. Zacks Investment Research’s income averages are an ordinary primarily based on a study of research companies that that offer protection for Silicon Movement Technological innovation.

Silicon Movement Technological innovation (NASDAQ:SIMO – Get Score) final posted its quarterly earnings knowledge on Wednesday, May well 4th. The semiconductor producer described $1.72 earnings per share for the quarter, topping the consensus estimate of $1.37 by $.35. The business had revenue of $242.00 million for the quarter, compared to analysts’ expectations of $239.46 million. Silicon Motion Know-how had a web margin of 22.42% and a return on equity of 33.47%. Silicon Movement Technology’s revenue for the quarter was up 32.7% compared to the same quarter final year. In the course of the same time period in the prior year, the organization earned $.98 earnings per share.

Numerous exploration analysts not long ago weighed in on the stock. Susquehanna cut shares of Silicon Motion Technologies from a “positive” score to a “neutral” ranking in a investigation report on Thursday, May perhaps 5th. Cowen upped their cost objective on shares of Silicon Motion Technology from $105.00 to $110.00 in a investigation report on Friday, January 28th. Zacks Expense Research upgraded shares of Silicon Movement Technology from a “strong sell” rating to a “buy” score and set a $85.00 price goal on the stock in a research report on Wednesday, February 2nd. Roth Cash lowered Silicon Movement Technological innovation from a “buy” rating to a “neutral” score in a exploration notice on Thursday, May well 5th. Eventually, Susquehanna Bancshares decreased Silicon Motion Technological know-how from a “positive” ranking to a “neutral” ranking in a study note on Thursday, May possibly 5th. Six research analysts have rated the inventory with a keep ranking and 4 have assigned a invest in ranking to the stock. In accordance to info from MarketBeat, the enterprise currently has an average score of “Hold” and a consensus price tag focus on of $101.13.

SIMO inventory opened at $91.94 on Monday. The company’s 50 day transferring regular is $75.89 and its 200 working day going average is $78.60. The stock has a marketplace cap of $3.21 billion, a price tag-to-earnings ratio of 14.52, a price tag-to-earnings-growth ratio of 1.41 and a beta of 1.02. Silicon Motion Engineering has a 1-yr low of $58.86 and a 1-yr high of $98.65.

The enterprise also not too long ago declared a quarterly dividend, which will be paid on Thursday, May perhaps 26th. Shareholders of report on Thursday, May 12th will be compensated a $.50 dividend. This signifies a $2.00 annualized dividend and a generate of 2.18%. The ex-dividend date is Wednesday, Could 11th. Silicon Movement Technology’s dividend payout ratio is presently 31.44%.

Several big investors have a short while ago extra to or minimized their stakes in SIMO. Conventional Family members Place of work LLC ordered a new stake in shares of Silicon Movement Know-how throughout the fourth quarter valued at approximately $35,000. Catalyst Capital Advisors LLC ordered a new stake in shares of Silicon Movement Technology in the course of the fourth quarter valued at roughly $36,000. Ideal Financial commitment Advisors bought a new stake in shares of Silicon Movement Know-how in the course of the fourth quarter valued at about $48,000. Liberty Wealth Administration LLC boosted its stake in shares of Silicon Motion Technology by 89.3% through the third quarter. Liberty Wealth Management LLC now owns 776 shares of the semiconductor producer’s inventory valued at $53,000 right after buying an additional 366 shares in the course of the time period. Ultimately, PrairieView Associates LLC procured a new stake in shares of Silicon Motion Technological know-how in the course of the fourth quarter valued at around $74,000. 76.60% of the stock is owned by hedge funds and other institutional investors.

About Silicon Movement Technological know-how (Get Ranking)

Silicon Movement Technological know-how Company, jointly with its subsidiaries, styles, develops, and marketplaces NAND flash controllers for stable-point out storage devices. It features controllers for computing-grade stable state drives (SSDs), which are employed in PCs and other customer equipment company-grade SSDs employed in details facilities eMMC and UFS cellular embedded storage for use in smartphones and IoT units flash memory cards and flash drives for use in expandable storage and specialized SSDs that are utilized in industrial, professional, and automotive programs.

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