Profile
Sector:
TechnologyIndustry:
SemiconductorsCountry:
Hong KongIPO:
30 June 2005Website:
http://www.siliconmotion.comNext earnings report:
06 February 2025Last dividends:
14 November 2024Next dividends:
07 August 2025Price
after hours | Fri, 15 Nov 2024 22:10:37 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
SIMO Latest News
Silicon Motion stock traded weaker since my buy call in May, down 25%, but I see a turnaround moment ahead. Silicon Motion Technology, a leader in NAND flash controllers, faces near-term market weakness but is poised for a 2025 rebound, especially in QLC NAND. The anticipated recovery in smartphone and PC markets, plus new product ramps like MonTitan and PCIe 5 controller, should support share gain for Silicon Motion.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Silicon Motion (SIMO) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
The Q3 FY2024 report was a letdown, and the stock may have further to drop, but a bottom could be on the horizon. Quarterly results are in a slump and likely to stay that way into early 2025, but the second half could be better with new products from Silicon Motion Technology. FY2025 could be a year of expansion even with a slow start in Q1, but it will require some clarification on the political front to really know what to expect.
Silicon Motion Technology Corporation (NASDAQ:SIMO ) Q3 2024 Results Conference Call October 31, 2024 8:00 AM ET Company Participants Tom Sepenzis - Senior Director of IR & Strategy Wallace Kou - President & Chief Executive Officer Jason Tsai - Interim Chief Financial Officer Conference Call Participants Mehdi Hosseini - Susquehanna Financial Group Craig Ellis - B. Riley Securities Suji Desilva - ROTH Capital Matt Bryson - Wedbush Securities Operator Good day, and thank you for standing by.
SIMO reports solid third-quarter 2024 results, driven by healthy demand trends.
Business Highlights Third quarter of 2024 sales increased 1% Q/Q and increased 23% Y/Y SSD controller sales: 3Q of 2024 were flat Q/Q and increased 20% to 25% Y/Y eMMC+UFS controller sales: 3Q of 2024 increased 0% to 5% Q/Q and increased 40% to 45% Y/Y SSD solutions sales: 3Q of 2024 increased 5% to 10% Q/Q and increased 5% to 10% Y/Y Financial Highlights 3Q 2024 GAAP 3Q 2024 Non-GAAP • Net sales $212.4 million (+1% Q/Q, +23% Y/Y) $212.4 million (+1% Q/Q, +23% Y/Y) • Gross margin 46.7% 46.8% • Operating margin 11.5% 16.1% • Earnings per diluted ADS $0.62 $0.92 TAIPEI, Taiwan and MILPITAS, Calif., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion,” the “Company” or “we”) today announced its financial results for the quarter ended September 30, 2024.
Silicon Motion (SIMO) reachead $57 at the closing of the latest trading day, reflecting a -0.26% change compared to its last close.
Recently, Zacks.com users have been paying close attention to Silicon Motion (SIMO). This makes it worthwhile to examine what the stock has in store.
In the latest trading session, Silicon Motion (SIMO) closed at $60.20, marking a -1.54% move from the previous day.
What type of business is Silicon Motion Technology?
Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices in Taiwan, the United States, Korea, China, Malaysia, Singapore, and internationally. The company offers controllers for computing-grade solid state drives (SSDs), which are used in PCs and other client devices; enterprise-grade SSDs used in data centers; enterprise-grade SSDs used in enterprise and hyperscale data centers; eMMC and UFS mobile embedded storage for use in smartphones and IoT devices; flash memory cards and flash drives for use in expandable storage; and specialized SSDs that are used in industrial, commercial, and automotive applications. It markets its controllers under the SMI brand; and single-chip SSDs under the FerriSSD, Ferri-eMMC, and Ferri-UFS brands. The company markets and sells its products through direct sales personnel and independent electronics distributors to NAND flash makers, module makers, hyperscalers, and OEMs. Silicon Motion Technology Corporation was founded in 1995 and is based in Hong Kong, Hong Kong.
What sector is Silicon Motion Technology in?
Silicon Motion Technology is in the Technology sector
What industry is Silicon Motion Technology in?
Silicon Motion Technology is in the Semiconductors industry
What country is Silicon Motion Technology from?
Silicon Motion Technology is headquartered in Hong Kong
When did Silicon Motion Technology go public?
Silicon Motion Technology initial public offering (IPO) was on 30 June 2005
What is Silicon Motion Technology website?
https://www.siliconmotion.com
Is Silicon Motion Technology in the S&P 500?
No, Silicon Motion Technology is not included in the S&P 500 index
Is Silicon Motion Technology in the NASDAQ 100?
No, Silicon Motion Technology is not included in the NASDAQ 100 index
Is Silicon Motion Technology in the Dow Jones?
No, Silicon Motion Technology is not included in the Dow Jones index
When was Silicon Motion Technology the previous earnings report?
No data
When does Silicon Motion Technology earnings report?
The next expected earnings date for Silicon Motion Technology is 06 February 2025