$1.52 Earnings Per Share Expected for Silicon Motion Technology Co. (NASDAQ:SIMO) This Quarter

Brokerages expect Silicon Motion Technology Co. (NASDAQ:SIMO - Get Rating) to report earnings of $1.52 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Silicon Motion Technology's earnings, with the lowest EPS estimate coming in at $1.50 and the highest estimate coming in at $1.55. Silicon Motion Technology posted earnings per share of $1.11 during the same quarter last year, which would indicate a positive year over year growth rate of 36.9%. The company is scheduled to report its next earnings report on Wednesday, May 4th.

On average, analysts expect that Silicon Motion Technology will report full-year earnings of $7.87 per share for the current financial year, with EPS estimates ranging from $7.46 to $8.32. For the next fiscal year, analysts expect that the company will report earnings of $8.92 per share, with EPS estimates ranging from $6.56 to $10.52. Zacks Investment Research's EPS averages are a mean average based on a survey of research analysts that follow Silicon Motion Technology.

Silicon Motion Technology (NASDAQ:SIMO - Get Rating) last released its earnings results on Tuesday, January 25th. The semiconductor producer reported $1.90 earnings per share for the quarter, beating analysts' consensus estimates of $1.76 by $0.14. Silicon Motion Technology had a return on equity of 30.69% and a net margin of 21.68%. During the same quarter in the prior year, the business posted $0.04 earnings per share.

Several equities research analysts have issued reports on the company. Needham & Company LLC lifted their price target on Silicon Motion Technology from $115.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, January 28th. Cowen increased their price target on Silicon Motion Technology from $105.00 to $110.00 in a report on Friday, January 28th. B. Riley increased their price target on Silicon Motion Technology from $130.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, January 28th. StockNews.com downgraded shares of Silicon Motion Technology from a "strong-buy" rating to a "buy" rating in a report on Monday, February 21st. Finally, Zacks Investment Research raised shares of Silicon Motion Technology from a "strong sell" rating to a "buy" rating and set a $85.00 price target for the company in a research note on Wednesday, February 2nd. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, Silicon Motion Technology presently has an average rating of "Buy" and an average target price of $103.11.

A number of large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in shares of Silicon Motion Technology by 2.5% in the second quarter. Geode Capital Management LLC now owns 22,295 shares of the semiconductor producer's stock valued at $1,429,000 after acquiring an additional 554 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Silicon Motion Technology by 6.5% in the second quarter. Goldman Sachs Group Inc. now owns 21,738 shares of the semiconductor producer's stock valued at $1,393,000 after buying an additional 1,326 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Silicon Motion Technology by 31.7% in the second quarter. Royal Bank of Canada now owns 73,253 shares of the semiconductor producer's stock valued at $4,695,000 after buying an additional 17,612 shares in the last quarter. First Trust Advisors LP increased its position in Silicon Motion Technology by 40.5% in the second quarter. First Trust Advisors LP now owns 29,659 shares of the semiconductor producer's stock worth $1,901,000 after purchasing an additional 8,555 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in Silicon Motion Technology in the second quarter worth about $242,000. Hedge funds and other institutional investors own 79.06% of the company's stock.

NASDAQ SIMO traded down $1.64 during trading hours on Friday, hitting $68.39. 343,846 shares of the company's stock were exchanged, compared to its average volume of 481,672. The stock has a 50-day simple moving average of $80.61 and a 200 day simple moving average of $77.15. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 1.07 and a beta of 1.21. Silicon Motion Technology has a 1-year low of $56.60 and a 1-year high of $96.89.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 25th. Stockholders of record on Monday, February 14th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.92%. Silicon Motion Technology's dividend payout ratio is 34.85%.

About Silicon Motion Technology (Get Rating)

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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