Date | Price Target | Rating | Analyst |
---|---|---|---|
8/16/2024 | $90.00 → $60.00 | Buy → Underperform | BofA Securities |
5/6/2024 | $80.00 → $96.00 | Buy | Craig Hallum |
5/6/2024 | $59.00 → $88.00 | Equal-Weight → Overweight | Morgan Stanley |
2/7/2024 | $64.00 → $90.00 | Neutral → Buy | B. Riley Securities |
2/7/2024 | $75.00 → $80.00 | Buy | Craig Hallum |
1/4/2024 | $54.00 → $77.00 | Neutral → Overweight | JP Morgan |
11/2/2023 | $60.00 → $75.00 | Neutral → Buy | ROTH MKM |
11/2/2022 | $75.00 | Hold → Buy | Needham |
The Company Also Showcases SSD Solutions for Enterprise, PC, and Automotive AI Applications TAIPEI and MILPITAS, Calif., Aug. 5, 2024 /PRNewswire/ -- Silicon Motion Technology Corporation (NASDAQ:SIMO) ("Silicon Motion"), a global leader in designing and marketing NAND flash controllers for solid-state storage devices, today announced SM2508, the best power efficiency PCIe Gen5 NVMe 2.0 client SSD controller for AI PCs and gaming consoles. It's the world's first PCIe Gen5 client SSD controller using TSMC's 6nm EUV process, offering a 50% reduction in power consumption compared to competitive offerings in the 12nm process. With less than 7W power consumption for the entire SSD, it delivers 1.
Business Highlights Second quarter of 2024 sales increased 11% Q/Q and increased 50% Y/Y SSD controller sales: 2Q of 2024 increased 0% to 5% Q/Q and increased 25% to 30% Y/YeMMC+UFS controller sales: 2Q of 2024 increased 25% to 30% Q/Q and increased 190% to 195% Y/YSSD solutions sales: 2Q of 2024 increased 20% to 25% Q/Q and decreased 5% to 10% Y/Y Financial Highlights 2Q 2024 GAAP2Q 2024 Non-GAAP• Net sales$210.7 million (+11% Q/Q, +50% Y/Y)$210.7 million (+11% Q/Q, +50% Y/Y)• Gross margin45.9%46.0%• Operating margin14.6%16.5%• Earnings per diluted ADS$0.91 $0.96 TAIPEI, Taiwan and MILPITAS, Calif., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ:SIM
TAIPEI, Taiwan and MILPITAS, Calif., July 29, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ:SIMO) ("Silicon Motion" or the "Company"), a global leader in designing and marketing NAND flash controllers for solid state storage devices, confirms today its quarterly cash dividend. On October 30, 2023, the Board of Directors of the Company declared payment of an annual dividend of US$2.00 per ADS1, equivalent to US$0.50 per ordinary share, which will be paid in four quarterly installments of $0.50 per ADS, equivalent to US$0.125 per ordinary share. According to the previously announced record and payment dates, the next quarterly installment will be paid on August
SC 13G/A - Silicon Motion Technology CORP (0001329394) (Subject)
6-K - Silicon Motion Technology CORP (0001329394) (Filer)
6-K - Silicon Motion Technology CORP (0001329394) (Filer)
6-K - Silicon Motion Technology CORP (0001329394) (Filer)
BofA Securities downgraded Silicon Motion from Buy to Underperform and set a new price target of $60.00 from $90.00 previously
Craig Hallum reiterated coverage of Silicon Motion with a rating of Buy and set a new price target of $96.00 from $80.00 previously
Morgan Stanley upgraded Silicon Motion from Equal-Weight to Overweight and set a new price target of $88.00 from $59.00 previously
TAIPEI, Taiwan and MILPITAS, Calif., Dec. 18, 2023 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ:SIMO) ("Silicon Motion," the "Company" or "we"), a global leader in designing and marketing NAND flash controllers for solid-state storage devices, today, announced the election of Mr. Cain Lin to its board of directors (the "Board") following the retirement of Mr. Yung-Chien Wang as well as the re-election of Mr. Steve Chen to its board of directors following the annual shareholders meeting on December 14, 2023. "Yung-Chien Wang has been an invaluable member of our Board for the past 18 years. We thank him for his tireless service to the Company and we extend our best wi
Business Highlights Second quarter of 2024 sales increased 11% Q/Q and increased 50% Y/Y SSD controller sales: 2Q of 2024 increased 0% to 5% Q/Q and increased 25% to 30% Y/YeMMC+UFS controller sales: 2Q of 2024 increased 25% to 30% Q/Q and increased 190% to 195% Y/YSSD solutions sales: 2Q of 2024 increased 20% to 25% Q/Q and decreased 5% to 10% Y/Y Financial Highlights 2Q 2024 GAAP2Q 2024 Non-GAAP• Net sales$210.7 million (+11% Q/Q, +50% Y/Y)$210.7 million (+11% Q/Q, +50% Y/Y)• Gross margin45.9%46.0%• Operating margin14.6%16.5%• Earnings per diluted ADS$0.91 $0.96 TAIPEI, Taiwan and MILPITAS, Calif., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ:SIM
TAIPEI, Taiwan and MILPITAS, Calif., July 29, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ:SIMO) ("Silicon Motion" or the "Company"), a global leader in designing and marketing NAND flash controllers for solid state storage devices, confirms today its quarterly cash dividend. On October 30, 2023, the Board of Directors of the Company declared payment of an annual dividend of US$2.00 per ADS1, equivalent to US$0.50 per ordinary share, which will be paid in four quarterly installments of $0.50 per ADS, equivalent to US$0.125 per ordinary share. According to the previously announced record and payment dates, the next quarterly installment will be paid on August
TAIPEI, Taiwan and MILPITAS, Calif., July 08, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ:SIMO) ("Silicon Motion" or the "Company"), a global leader in NAND flash controllers for solid state storage devices, announces that based on its preliminary second quarter financial results, sequential revenue growth is expected to be slightly above the high-end of its original guidance range of $199 million to $208 million, which the company issued on May 3, 2024. Gross margin (non-GAAP) is expected to be near the high-end of the company's original 45.0% to 46.0% guidance range. The Company will release its second quarter 2024 financial results after the market closes o
Needham analyst Quinn Bolton maintains Silicon Motion Technology (NASDAQ:SIMO) with a Buy and raises the price target from $85 to $94.
B. Riley Securities analyst Craig Ellis maintains Silicon Motion Technology (NASDAQ:SIMO) with a Buy and raises the price target from $109 to $112.
B. Riley Securities analyst Craig Ellis maintains Silicon Motion Technology (NASDAQ:SIMO) with a Buy and raises the price target from $105 to $109.