Silicon Motion Technology Corporation (SIMO) Earning Somewhat Favorable Media Coverage, Report Shows
Press coverage about Silicon Motion Technology Corporation (NASDAQ:SIMO) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Silicon Motion Technology Corporation earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the semiconductor producer an impact score of 46.4159383128925 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- 1 Thing That's Hurting Silicon Motion Technology Stock (finance.yahoo.com)
- Silicon Motion Technology Corporation (SIMO) is at $42.38 per share and Dell Technologies Inc. (DVMT) is listed at … – Stocks Gallery (stocksgallery.com)
- Silicon Motion Expands its portfolio of PCIe NVMe SSD controller solutions – HEXUS (hexus.net)
- Silicon Motion Expands its portfolio of PCIe NVMe SSD controller solutions at the 2017 Flash Memory Summit – PR Newswire (press release) (prnewswire.com)
- Initiating Research Reports on Electronics Equities — Silicon Motion Technology, MicroVision, Plug Power, and Uni Pixel – PR Newswire (press release) (prnewswire.com)
Shares of Silicon Motion Technology Corporation (NASDAQ:SIMO) traded up 0.31% during trading on Friday, reaching $42.50. 408,590 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 14.37 and a beta of 0.68. The stock has a 50 day moving average price of $44.59 and a 200-day moving average price of $45.77. Silicon Motion Technology Corporation has a 52 week low of $37.37 and a 52 week high of $56.25.
Silicon Motion Technology Corporation (NASDAQ:SIMO) last released its earnings results on Monday, July 31st. The semiconductor producer reported $0.69 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.73 by $0.04. The firm had revenue of $132.70 million during the quarter, compared to analysts’ expectations of $132.92 million. Silicon Motion Technology Corporation had a net margin of 18.91% and a return on equity of 24.24%. Silicon Motion Technology Corporation’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter last year, the company posted $0.86 earnings per share. Analysts predict that Silicon Motion Technology Corporation will post $2.67 earnings per share for the current year.
Silicon Motion Technology Corporation declared that its board has initiated a share buyback plan on Monday, July 31st that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the semiconductor producer to purchase up to 13.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.
Several equities analysts have issued reports on the stock. ValuEngine downgraded shares of Silicon Motion Technology Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 16th. B. Riley reaffirmed a “buy” rating and set a $68.75 price objective on shares of Silicon Motion Technology Corporation in a report on Wednesday, April 26th. Loop Capital decreased their price objective on shares of Silicon Motion Technology Corporation from $61.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, July 10th. BidaskClub downgraded shares of Silicon Motion Technology Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Finally, Craig Hallum reissued a “buy” rating and issued a $60.00 price target (down from $67.00) on shares of Silicon Motion Technology Corporation in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $56.84.
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Silicon Motion Technology Corporation Company Profile
Silicon Motion Technology Corporation is a fabless semiconductor company. The Company designs, develops and markets low-power semiconductor solutions to original equipment manufacturers (OEMs) and other customers in the mobile storage and mobile communications markets. It is engaged in developing negative-AND (NAND) flash controller integrated circuits (ICs) for solid-state storage devices and specialty radio frequency (RF) ICs for mobile devices.
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