Wedbush Has Positive Estimate for SIMO FY2025 Earnings

Silicon Motion Technology Co. (NASDAQ:SIMO) – Stock analysts at Wedbush boosted their FY2025 earnings estimates for Silicon Motion Technology in a research note issued on Wednesday, April 30th. Wedbush analyst M. Bryson now expects that the semiconductor producer will post earnings per share of $3.02 for the year, up from their previous estimate of $2.95. Wedbush currently has a “Outperform” rating and a $90.00 target price on the stock. The consensus estimate for Silicon Motion Technology’s current full-year earnings is $3.08 per share. Wedbush also issued estimates for Silicon Motion Technology’s Q4 2025 earnings at $1.20 EPS, Q2 2026 earnings at $1.08 EPS, Q4 2026 earnings at $1.41 EPS and FY2026 earnings at $4.77 EPS.

A number of other brokerages also recently commented on SIMO. Needham & Company LLC decreased their target price on Silicon Motion Technology from $70.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. StockNews.com cut shares of Silicon Motion Technology from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. B. Riley increased their price target on shares of Silicon Motion Technology from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Bank of America raised Silicon Motion Technology from an “underperform” rating to a “neutral” rating and set a $47.00 price objective on the stock in a research report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $75.88.

Silicon Motion Technology Price Performance

SIMO opened at $53.51 on Monday. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 1.36 and a beta of 0.81. Silicon Motion Technology has a one year low of $37.21 and a one year high of $85.87. The business has a 50 day simple moving average of $48.31 and a two-hundred day simple moving average of $52.52.

Silicon Motion Technology (NASDAQ:SIMO) last released its quarterly earnings data on Tuesday, April 29th. The semiconductor producer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.16. The firm had revenue of $166.49 million for the quarter, compared to analysts’ expectations of $162.69 million. Silicon Motion Technology had a net margin of 11.29% and a return on equity of 11.63%. The company’s revenue for the quarter was down 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.64 earnings per share.

Silicon Motion Technology announced that its board has approved a share buyback plan on Wednesday, February 5th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the semiconductor producer to reacquire up to 2.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in shares of Silicon Motion Technology by 21.8% during the third quarter. JPMorgan Chase & Co. now owns 200,016 shares of the semiconductor producer’s stock valued at $12,149,000 after acquiring an additional 35,741 shares in the last quarter. Perigon Wealth Management LLC purchased a new stake in Silicon Motion Technology during the 4th quarter valued at about $431,000. Rhumbline Advisers increased its stake in Silicon Motion Technology by 8.7% during the 4th quarter. Rhumbline Advisers now owns 5,668 shares of the semiconductor producer’s stock valued at $306,000 after purchasing an additional 453 shares in the last quarter. Choreo LLC bought a new stake in Silicon Motion Technology during the 4th quarter valued at about $209,000. Finally, Blue Trust Inc. raised its holdings in Silicon Motion Technology by 64.7% in the fourth quarter. Blue Trust Inc. now owns 2,248 shares of the semiconductor producer’s stock worth $122,000 after buying an additional 883 shares during the last quarter. Institutional investors own 78.02% of the company’s stock.

Silicon Motion Technology Company Profile

Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. 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; 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.