Silicon Motion Technology Corporation

SIMO

US82706C1080

Semiconductors

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-24 pm EDT			5-day change	1st Jan Change
73.73 ^USD	+1.60%		-0.67%	+20.34%

Apr. 09	Roth MKM Raises Silicon Motion Technology's Price Target to $95 From $85, Maintains Buy Rating	MT
Apr. 09	Silicon Motion Technology Corporation Revised Earnings Guidance for the First Quarter of 2024	CI

Silicon Motion Technology Corporation Reports Earnings Results for the Full Year Ended December 31, 2021

January 26, 2022

Silicon Motion Technology Corporation reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was USD 922.1 million compared to USD 539.52 million a year ago. Net income was USD 199.95 million compared to USD 79.75 million a year ago.

Basic earnings per share from continuing operations was USD 5.76 compared to USD 2.28 a year ago. Diluted earnings per share from continuing operations was USD 5.72 compared to USD 2.28 a year ago.

Latest news about Silicon Motion Technology Corporation

Roth MKM Raises Silicon Motion Technology's Price Target to $95 From $85, Maintains Buy Rating	Apr. 09	MT
Silicon Motion Technology Corporation Revised Earnings Guidance for the First Quarter of 2024	Apr. 09	CI
Silicon Motion Technology Corporation Unveils High-Performance Single Chip PCIe Gen4.0 BGA Ferri SSD with I-Temp for Industrial and Automotive Applications	Mar. 26	CI
Asian Equities Traded in the US as American Depositary Receipts Rise in Thursday Trading	Mar. 21	MT
B. Riley Securities Adjusts Silicon Motion Technology's Price Target to $93 From $90, Maintains Buy Rating	Mar. 15	MT
Silicon Motion Technology Corporation Unveils 6Nm Ufs 4.0 Controller for Ai Smartphones, Edge Computing and Automotive Applications	Mar. 12	CI
B. Riley Upgrades Silicon Motion Technology to Buy From Neutral, Raises PT to $90 From $64; Says Positives Materially Outweigh Negatives in Q4 2023 Print, Q1 2024 Outlook	Feb. 08	MT
Transcript : Silicon Motion Technology Corporation, Q4 2023 Earnings Call, Feb 07, 2024	Feb. 07
Earnings Flash (SIMO) SILICON MOTION TECHNOLOGY CORPORATION Posts Q4 Revenue $202.4M, vs. Street Est of $199.7M	Feb. 06	MT
Earnings Flash (SIMO) SILICON MOTION TECHNOLOGY CORPORATION Reports Q4 EPS $0.93, vs. Street Est of $0.76	Feb. 06	MT
Silicon Motion Technology Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 06	CI
Silicon Motion Technology Corporation Announces Earnings Guidance for the First Quarter and Full Year 2024	Feb. 06	CI
Silicon Motion Technology Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 06	CI
Asian Equities Traded in the US as American Depositary Receipts Trend Lower in Tuesday Trading	Jan. 30	MT
B. Riley Raises Silicon Motion Technology's PT to $64 From $62 After Higher Q4 2023 Preliminary Guidance, Keeps Neutral Rating	Jan. 08	MT
Silicon Motion Technology Corporation Revises Earnings Guidance for the Fourth Quarter of 2023	Jan. 05	CI
Sector Update: Tech Stocks Mixed in Late Afternoon	Jan. 05	MT
Sector Update: Tech Stocks Mixed Friday Afternoon	Jan. 05	MT
Silicon Motion Technology Likely to See Favorable End Market Environment in 2024, Wedbush Says	Jan. 05	MT
Silicon Motion Technology Sees Q4 Sequential Revenue Growth Slightly Above High-End of Guidance	Jan. 05	MT
Asian Equities Traded in the US as American Depositary Receipts Modestly Higher in Thursday Trading	Jan. 04	MT
JPMorgan Upgrades Silicon Motion Technology to Overweight From Neutral, Adjusts Price Target to $77 From $54	Jan. 04	MT
Silicon Motion Technology Corporation Announces Board Changes	Dec. 18	CI
Silicon Motion Technology Launching New Organizational Structure	Dec. 11	MT
Silicon Motion Technology Corporation Announces Executive Changes	Dec. 11	CI

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Company Profile

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.

Sector

Semiconductors

Calendar

2024-05-01 - Q1 2024 Earnings Release

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Ratings for Silicon Motion Technology Corporation

Trading Rating

Investor Rating

ESG Refinitiv

D+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

73.73 USD

Average target price

85.56 USD

Spread / Average Target

+16.04%

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