A Look at Silicon Motion Technology Corp ADR (SIMO) Shares in the Recent Past Indicates Growth

With 0.6 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.36 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $85.0 whereas the lowest price it dropped to was $83.22. The 52-week range on SIMO shows that it touched its highest point at $95.33 and its lowest point at $49.50 during that stretch. It currently has a 1-year price target of $97.22. With its current market cap of 2.80 billion, SIMO has annualized dividend of $1.50 while the current yield stands at 1.79%. Beta for the stock currently stands at 0.85.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SIMO was up-trending over the past week, with a rise of 3.42%, but this was up by 4.77% over a month. Three-month performance surged to 4.18% while six-month performance rose 34.06%. The stock gained 27.98% in the past year, while it has gained 36.71% so far this year. A look at the trailing 12-month EPS for SIMO yields 1.75 with Next year EPS estimates of 4.87. For the next quarter, that number is 0.92. This implies an EPS growth rate of 52.97% for this year and 40.37% for next year. EPS is expected to grow by 5.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -10.22%.

Float and Shares Shorts:

At present, 33.42 million SIMO shares are outstanding with a float of 33.42 million shares on hand for trading. On 2024-06-14, short shares totaled 0.96 million, which was 283.99998 higher than short shares on 1715731200. In addition to Mr. Chia-Chang Kou as the firm’s Founder, President, CEO, MD & Director, Mr. Jason P. Tsai serves as its Interim CFO & VP of IR and Finance.

Institutional Ownership:

Through their ownership of 0.76228994 of SIMO’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, SIMO reported revenue of $189311000.0 and operating income of $17950000.0. The EBITDA in the recently reported quarter was $24578000.0 and diluted EPS was $0.48.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SIMO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.