Silicon Motion Technology Corporation

SIMO

US82706C1080

Semiconductors

Market Closed - Nasdaq Other stock markets 16:00:00 2024-05-17 EDT			5-day change	1st Jan Change
77.39 ^USD	+0.10%		+0.64%	+26.31%

05-06	Tech Stocks Lead Asian Equities Traded in the US as American Depositary Receipts Slightly Higher in Monday Trading	MT
05-06	Susquehanna Raises Price Target on Silicon Motion Technology to $110 From $100, Maintains Positive Rating	MT

Silicon Motion Technology Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024

May 02, 2024

Silicon Motion Technology Corporation reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 189.31 million compared to USD 124.07 million a year ago. Net income was USD 16.02 million compared to USD 10.15 million a year ago.

Basic earnings per share from continuing operations was USD 0.48 compared to USD 0.32 a year ago. Diluted earnings per share from continuing operations was USD 0.48 compared to USD 0.32 a year ago.

Latest news about Silicon Motion Technology Corporation

Tech Stocks Lead Asian Equities Traded in the US as American Depositary Receipts Slightly Higher in Monday Trading	05-06	MT
Susquehanna Raises Price Target on Silicon Motion Technology to $110 From $100, Maintains Positive Rating	05-06	MT
B. Riley Adjusts Price Target on Silicon Motion Technology to $105 From $101, Maintains Buy Rating	05-06	MT
Wedbush Raises Silicon Motion Technology's Price Target to $90 From $85 After 'Strong' Q1 Results, Keeps Outperform Rating	05-06	MT
Morgan Stanley Upgrades Silicon Motion Technology to Overweight From Equalweight, Price Target at $88	05-06	MT
Transcript : Silicon Motion Technology Corporation, Q1 2024 Earnings Call, May 03, 2024	05-03
Earnings Flash (SIMO) SILICON MOTION TECHNOLOGY CORPORATION. Reports Q1 Revenue $189.3M, vs. Street Est of $180.3M	05-02	MT
Earnings Flash (SIMO) SILICON MOTION TECHNOLOGY CORPORATION. Reports Q1 EPS $0.64, vs. Street Est of $0.57	05-02	MT
Silicon Motion Technology Corporation Provides Earnings Guidance for the Second Quarter and Full Year of 2024	05-02	CI
Silicon Motion Technology Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	05-02	CI
Silicon Motion Technology Keeps Quarterly Dividend at $0.50 per ADS, Payable May 23 to Holders of Record May 9	04-29	MT
Silicon Motion Technology Appoints Interim CFO	04-25	MT
Silicon Motion Technology Corporation Announces Chief Financial Officer Changes	04-25	CI
Roth MKM Raises Silicon Motion Technology's Price Target to $95 From $85, Maintains Buy Rating	04-09	MT
Silicon Motion Technology Corporation Revised Earnings Guidance for the First Quarter of 2024	04-09	CI
Silicon Motion Technology Corporation Unveils High-Performance Single Chip PCIe Gen4.0 BGA Ferri SSD with I-Temp for Industrial and Automotive Applications	03-26	CI
Asian Equities Traded in the US as American Depositary Receipts Rise in Thursday Trading	03-21	MT
B. Riley Securities Adjusts Silicon Motion Technology's Price Target to $93 From $90, Maintains Buy Rating	03-15	MT
Silicon Motion Technology Corporation Unveils 6Nm Ufs 4.0 Controller for Ai Smartphones, Edge Computing and Automotive Applications	03-12	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	02-08	MT
Transcript : Silicon Motion Technology Corporation, Q4 2023 Earnings Call, Feb 07, 2024	02-07
Earnings Flash (SIMO) SILICON MOTION TECHNOLOGY CORPORATION Posts Q4 Revenue $202.4M, vs. Street Est of $199.7M	02-06	MT
Earnings Flash (SIMO) SILICON MOTION TECHNOLOGY CORPORATION Reports Q4 EPS $0.93, vs. Street Est of $0.76	02-06	MT
Silicon Motion Technology Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	02-06	CI
Silicon Motion Technology Corporation Announces Earnings Guidance for the First Quarter and Full Year 2024	02-06	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.

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Semiconductors

Calendar

2024-05-19 - J.P. Morgan Global Technology, Media and Communications Conference

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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

77.39 USD

Average target price

94.33 USD

Spread / Average Target

+21.89%

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