Silicon Motion Technology (NASDAQ:SIMO – Get Rating) will be posting its quarterly earnings results after the market closes on Thursday, May 4th. Analysts expect Silicon Motion Technology to post earnings of $0.68 per share for the quarter.
Silicon Motion Technology (NASDAQ:SIMO – Get Rating) last issued its quarterly earnings results on Tuesday, February 7th. The semiconductor producer reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.16). Silicon Motion Technology had a return on equity of 25.65% and a net margin of 18.24%. The firm had revenue of $200.76 million for the quarter, compared to the consensus estimate of $256.71 million. During the same period last year, the company posted $1.73 EPS. The business’s revenue was down 24.1% on a year-over-year basis. On average, analysts expect Silicon Motion Technology to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Silicon Motion Technology Trading Up 0.2 %
Shares of Silicon Motion Technology stock opened at $62.67 on Thursday. The company has a 50 day moving average of $65.33 and a 200-day moving average of $63.51. The company has a market cap of $2.07 billion, a PE ratio of 12.17, a price-to-earnings-growth ratio of 4.47 and a beta of 0.91. Silicon Motion Technology has a 1-year low of $51.82 and a 1-year high of $98.65.
Analyst Ratings Changes
Hedge Funds Weigh In On Silicon Motion Technology
Several institutional investors have recently made changes to their positions in the company. 1832 Asset Management L.P. acquired a new stake in Silicon Motion Technology in the fourth quarter worth about $26,000. Barclays PLC purchased a new position in Silicon Motion Technology during the fourth quarter valued at approximately $39,000. PNC Financial Services Group Inc. raised its position in Silicon Motion Technology by 7.6% during the first quarter. PNC Financial Services Group Inc. now owns 9,858 shares of the semiconductor producer’s stock valued at $659,000 after acquiring an additional 700 shares in the last quarter. Thomas White International Ltd. raised its position in Silicon Motion Technology by 0.6% during the first quarter. Thomas White International Ltd. now owns 132,191 shares of the semiconductor producer’s stock valued at $8,833,000 after acquiring an additional 733 shares in the last quarter. Finally, Royal Bank of Canada raised its position in Silicon Motion Technology by 2.4% during the third quarter. Royal Bank of Canada now owns 51,136 shares of the semiconductor producer’s stock valued at $3,333,000 after acquiring an additional 1,189 shares in the last quarter. Hedge funds and other institutional investors own 66.67% of the company’s stock.
About Silicon Motion Technology
Silicon Motion Technology Corp. engages in the development, manufacture and supply of semiconductor products for the electronics market. The firm products include Flash Controllers, Storage Solutions, and others. It offers embedded and expandable storage, radio frequency integrated circuits and embedded graphics.
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