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Brokerages predict that Silicon Motion Know-how Co. (NASDAQ:SIMO – Get Score) will report $263.42 million in product sales for the recent fiscal quarter, Zacks stories. Five analysts have furnished estimates for Silicon Movement Technology’s earnings. The maximum income estimate is $285.54 million and the cheapest is $251.16 million. Silicon Movement Technologies reported profits of $221.10 million through the exact quarter very last yr, which indicates a constructive 12 months-over-12 months development charge of 19.1%. The business is scheduled to announce its upcoming earnings report on Monday, January 1st.
According to Zacks, analysts assume that Silicon Motion Technological innovation will report entire-12 months income of $1.14 billion for the current money yr, with estimates ranging from $1.09 billion to $1.17 billion. For the subsequent year, analysts forecast that the firm will report sales of $1.24 billion, with estimates ranging from $1.08 billion to $1.40 billion. Zacks Expenditure Research’s gross sales averages are an regular centered on a survey of exploration companies that that give protection for Silicon Movement Technological innovation.
Silicon Motion Technological innovation (NASDAQ:SIMO – Get Score) final posted its quarterly earnings details on Wednesday, Could 4th. The semiconductor producer described $1.72 earnings for each share for the quarter, topping the consensus estimate of $1.37 by $.35. The organization had revenue of $242.00 million for the quarter, in contrast to analysts’ anticipations of $239.46 million. Silicon Motion Technologies experienced a web margin of 22.42% and a return on fairness of 33.47%. Silicon Motion Technology’s earnings for the quarter was up 32.7% in contrast to the same quarter previous calendar year. All through the exact period in the prior calendar year, the enterprise earned $.98 earnings for every share.
Quite a few investigation analysts not too long ago weighed in on the inventory. Susquehanna lower shares of Silicon Movement Technology from a “positive” ranking to a “neutral” ranking in a study report on Thursday, Could 5th. Cowen upped their selling price goal on shares of Silicon Movement Engineering from $105.00 to $110.00 in a investigation report on Friday, January 28th. Zacks Financial commitment Study upgraded shares of Silicon Motion Technological know-how from a “strong sell” score to a “buy” ranking and set a $85.00 selling price objective on the inventory in a exploration report on Wednesday, February 2nd. Roth Capital decreased Silicon Motion Technologies from a “buy” ranking to a “neutral” score in a investigate observe on Thursday, May well 5th. Last but not least, Susquehanna Bancshares decreased Silicon Motion Technological innovation from a “positive” ranking to a “neutral” ranking in a research observe on Thursday, Could 5th. Six exploration analysts have rated the inventory with a maintain ranking and four have assigned a get score to the inventory. According to data from MarketBeat, the firm at present has an common rating of “Hold” and a consensus value target of $101.13.
SIMO stock opened at $91.94 on Monday. The company’s 50 working day moving average is $75.89 and its 200 day transferring normal is $78.60. The stock has a marketplace cap of $3.21 billion, a price-to-earnings ratio of 14.52, a rate-to-earnings-advancement ratio of 1.41 and a beta of 1.02. Silicon Movement Technological innovation has a 1-year minimal of $58.86 and a 1-year higher of $98.65.
The company also lately declared a quarterly dividend, which will be paid on Thursday, May well 26th. Shareholders of report on Thursday, May well 12th will be compensated a $.50 dividend. This signifies a $2.00 annualized dividend and a produce of 2.18%. The ex-dividend date is Wednesday, May 11th. Silicon Motion Technology’s dividend payout ratio is presently 31.44%.
Several significant buyers have just lately included to or minimized their stakes in SIMO. Normal Family members Business LLC purchased a new stake in shares of Silicon Motion Know-how through the fourth quarter valued at somewhere around $35,000. Catalyst Cash Advisors LLC acquired a new stake in shares of Silicon Motion Technological innovation through the fourth quarter valued at approximately $36,000. Ideal Expenditure Advisors procured a new stake in shares of Silicon Movement Technologies in the course of the fourth quarter valued at roughly $48,000. Liberty Wealth Administration LLC boosted its stake in shares of Silicon Movement Technological innovation by 89.3% throughout the third quarter. Liberty Prosperity Management LLC now owns 776 shares of the semiconductor producer’s inventory valued at $53,000 soon after acquiring an supplemental 366 shares through the time period. At last, PrairieView Partners LLC bought a new stake in shares of Silicon Movement Engineering during the fourth quarter valued at approximately $74,000. 76.60% of the stock is owned by hedge cash and other institutional traders.
About Silicon Motion Technological know-how (Get Rating)
Silicon Motion Technological know-how Company, collectively with its subsidiaries, designs, develops, and marketplaces NAND flash controllers for strong-point out storage products. It delivers controllers for computing-grade strong point out drives (SSDs), which are used in PCs and other client units enterprise-quality SSDs made use of in info centers eMMC and UFS mobile embedded storage for use in smartphones and IoT units flash memory playing cards and flash drives for use in expandable storage and specialised SSDs that are used in industrial, business, and automotive purposes.
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