Silicon Motion (SIMO) Stock Dips While Market Gains: Key Facts
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 13 2024
0mins
Source: NASDAQ.COM
- Silicon Motion Stock Performance:
- Silicon Motion (SIMO) closed at $81.90, down by 0.27% from the previous day, trailing the S&P 500.
- The stock gained 8.05% in the past month while the Computer and Technology sector lost 2.01%.
- Upcoming Earnings Release:
- Analysts expect Silicon Motion to post earnings of $0.88 per share, a 131.58% year-over-year growth.
- Revenue is anticipated to be $204.23 million, up by 45.51% from the same quarter last year.
- Zacks Consensus Estimates:
- For the fiscal year, earnings are projected at $3.47 per share and revenue at $820.29 million, showing positive changes.
- Silicon Motion currently holds a Zacks Rank of #1 (Strong Buy).
- Valuation and Industry Comparison:
- Silicon Motion's Forward P/E ratio is 23.68, lower than the industry average of 41.83.
- The company has a PEG ratio of 0.62, indicating potential undervaluation compared to the industry average.
- Industry Analysis:
- The Electronics - Semiconductors industry ranks in the bottom 34% of all industries with an average PEG ratio of 2.98.
- Zacks Industry Rank shows that top-rated industries outperform the bottom half by a factor of 2 to 1.
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Analyst Views on SIMO
Wall Street analysts forecast SIMO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SIMO is 119.29 USD with a low forecast of 110.00 USD and a high forecast of 130.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
8 Buy
0 Hold
0 Sell
Strong Buy
Current: 116.170
Low
110.00
Averages
119.29
High
130.00
Current: 116.170
Low
110.00
Averages
119.29
High
130.00
About SIMO
SILICON MOTION TECHNOLOGY CORPORATION is a provider of negative-AND (NAND) flash controllers for Solid State Drives (SSDs) and other solid state storage devices. The Company is mainly engaged in the design, development and sale of low-power semiconductor solutions for original equipment manufacturers (OEMs) and other customers in the mobile storage market. The Company is mainly engaged in the development of NAND flash controller integrated circuits (ICs) for solid-state storage devices, as well as specialty radio frequency (RF) ICs for mobile devices. In the mobile storage market, the Company's products are controllers used in SSDs, Embedded Multimedia Cards (eMMCs) and other embedded storage products, as well as flash memory cards, universal serial bus (USB) flash drives and other expandable storage products. The Company's products are used in smartphones, tablets, personal computers (PCs) and other devices.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Silicon Motion Named a Top 100 Global Innovator 2026
- Global Innovation Leader: Silicon Motion's recognition as a Top 100 Global Innovator in 2026 highlights its leadership in the NAND flash controller market, indicating sustained growth in technological innovation and market influence.
- Significant Patent Advantages: The company excels in patent volume and influence, particularly in 'Grant Rate' and 'Downstream Influence', showcasing its ability to transform R&D innovations into high-value intellectual property.
- Commitment to AI Storage Technologies: The CEO emphasizes the company's dedication to advancing AI storage technologies to meet global customer demands for high-performance and efficient storage solutions, further solidifying its market leadership.
- Industry Impact: The Top 100 Global Innovators contribute 16% of the world's highest-strength AI inventions, underscoring Silicon Motion's pivotal role in driving technological advancement and innovation within the industry.
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Silicon Motion to Release Q4 2025 Financial Results on February 3, 2026
- Earnings Release Schedule: Silicon Motion plans to release its Q4 2025 financial results after market close on February 3, 2026, which is expected to provide investors with insights into the company's financial health and market performance.
- Conference Call Details: The company will host a conference call on February 4, 2026, at 8:00 a.m. Eastern Time, requiring participants to pre-register to obtain dial-in information, ensuring timely updates for investors.
- Market Leadership: As a global leader in NAND flash controller supply, Silicon Motion dominates the SSD controller market, serving most NAND flash vendors and major OEMs, highlighting its significant influence in the storage solutions sector.
- Forward-Looking Statements: The company's release includes forward-looking statements that outline potential risks and uncertainties, such as fluctuations in customer orders and changes in global economic conditions, which may impact financial performance and market outlook.
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