Silicon Motion Technology Corporation (SIMO) To Go Ex-Dividend on November 14th

Silicon Motion Technology Corporation (NASDAQ:SIMO) announced a quarterly dividend on Monday, October 27th. Stockholders of record on Friday, November 14th will be given a dividend of 0.50 per share by the semiconductor producer on Wednesday, November 26th. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, November 14th.

Silicon Motion Technology has raised its dividend payment by an average of 0.1%per year over the last three years. Silicon Motion Technology has a payout ratio of 45.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Silicon Motion Technology to earn $4.38 per share next year, which means the company should continue to be able to cover its $1.99 annual dividend with an expected future payout ratio of 45.4%.

Silicon Motion Technology Price Performance

Silicon Motion Technology stock opened at $93.21 on Wednesday. The business has a 50 day moving average of $92.85 and a 200-day moving average of $77.48. The company has a market capitalization of $3.17 billion, a P/E ratio of 39.33, a P/E/G ratio of 1.75 and a beta of 1.03. Silicon Motion Technology has a 1 year low of $37.21 and a 1 year high of $106.60.

Silicon Motion Technology (NASDAQ:SIMO) last posted its earnings results on Thursday, October 30th. The semiconductor producer reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The firm had revenue of $242.00 million for the quarter, compared to analyst estimates of $222.60 million. Silicon Motion Technology had a net margin of 10.36% and a return on equity of 10.14%. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 EPS. Silicon Motion Technology has set its Q4 2025 guidance at EPS. Equities analysts anticipate that Silicon Motion Technology will post 3.08 EPS for the current year.

Institutional Investors Weigh In On Silicon Motion Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SIMO. Invesco Ltd. grew its holdings in Silicon Motion Technology by 61.3% in the 1st quarter. Invesco Ltd. now owns 1,675,648 shares of the semiconductor producer’s stock worth $84,721,000 after acquiring an additional 636,869 shares during the last quarter. Reinhart Partners LLC. increased its position in shares of Silicon Motion Technology by 2.0% during the third quarter. Reinhart Partners LLC. now owns 1,500,934 shares of the semiconductor producer’s stock valued at $142,305,000 after buying an additional 29,351 shares during the period. Acadian Asset Management LLC raised its stake in Silicon Motion Technology by 4.1% in the second quarter. Acadian Asset Management LLC now owns 1,310,353 shares of the semiconductor producer’s stock worth $98,453,000 after buying an additional 51,978 shares in the last quarter. Frontier Capital Management Co. LLC raised its stake in Silicon Motion Technology by 115.4% in the second quarter. Frontier Capital Management Co. LLC now owns 1,281,115 shares of the semiconductor producer’s stock worth $96,301,000 after buying an additional 686,261 shares in the last quarter. Finally, Pertento Partners LLP lifted its stake in shares of Silicon Motion Technology by 4.1% in the 2nd quarter. Pertento Partners LLP now owns 1,259,004 shares of the semiconductor producer’s stock valued at $94,639,000 after purchasing an additional 49,541 shares during the period. 78.02% of the stock is currently owned by institutional investors.

About Silicon Motion Technology

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.