Silicon Motion Technology Corporation (NASDAQ:SIMO)’s quarterly earnings will be reported on April, 25., Zacks reports. Analysts forecast $0.27 earnings per share, which is $0.37 down or 57.81 % from 2018’s $0.64 earnings per share. If the current earnings per share of $0.27 is accurate, SIMO’s profit could be $9.75 million. Last quarter $0.83 earnings per share was reported. Analysts sees -67.47 % negative EPS growth this quarter. Ticker’s shares touched $38.51 during the last trading session after 5.17% change.Currently Silicon Motion Technology Corporation is downtrending after 8.63% change in last March 25, 2018. SIMO has also 352,804 shares volume. The stock underperformed the S&P500 by 13.00%.
Silicon Motion Technology Corporation (NASDAQ:SIMO) Ratings Coverage
A total of 3 analysts rate Silicon Motion Technology (NASDAQ:SIMO) as follows: 1 “Buy”, 2 “Hold” and 0 “Sell”. Š¢herefore 33% are bullish. (NASDAQ:SIMO) has 3 ratings reports on Mar 25, 2019 according to StockzIntelligence. On Friday, December 14 the firm has “Equal-Weight” rating by Morgan Stanley given. On Thursday, November 1 the rating was maintained by FBR Capital with “Buy”.
Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets semiconductor solutions for the mobile storage and mobile communications markets worldwide.The company has $1.39 billion market cap. It offers embedded storage and expandable storage products, including NAND flash controllers, such as embedded MultiMediaCard , client solid-state drive (SSD), flash memory card, and Universal Serial Bus flash drive controllers.The P/E ratio is 13.84. The firm also provides specialty storage solutions, such as customized enterprise-grade Peripheral Component Interconnect Express (PCIe) SSDs; and industrial-grade and commercial-grade single-chip SSDs.
For more Silicon Motion Technology Corporation (NASDAQ:SIMO) news announced recently go to: Seekingalpha.com, Globenewswire.com, Globenewswire.com, Globenewswire.com or Fool.com. The titles are as follows: “Silicon Motion: Take A Broader View – Seeking Alpha” announced on October 10, 2018, “Silicon Motion Announces Preliminary Fourth Quarter 2018 Revenue and Earnings Conference Call Details – GlobeNewswire” on January 08, 2019, “Silicon Motion Announces Annual Cash Dividend Nasdaq:SIMO – GlobeNewswire” with a publish date: October 29, 2018, “Silicon Motion Announces $200 Million Share Repurchase Program – GlobeNewswire” and the last “3 Must-See Quotes From Silicon Motion’s Earnings Call – The Motley Fool” with publication date: February 10, 2019.
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