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Silicon Motion Technology Corporation (SIMO)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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87.25+0.67 (+0.77%)
At close: 04:00PM EST
87.25 0.00 (0.00%)
After hours: 04:47PM EST
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  • R
    Rick
    “Within the past 30 days, our consensus EPS projection has moved 5.54% lower. Silicon Motion currently has a Zacks Rank of #5 (strong sell).” Also, SIMO PEG ratio 1.42, the industry average is 1.63. Zacks Investment Research “STRONG SELL”.
    I don’t know much about SIMO because I only follow her just two months ago.
    Any comments please ???
  • T
    The Truth
    MU has been in a sale-off for several days, putting pressure on SIMO shares. Anyone has any inside on why MU being dumped?
  • G
    Geezer31
    There is an investor presentation webcase of today's Needham virtual conference. In it CFO Riyadh says that SIMO has a significantly increased wafer allocation from TSMC in 2022. Despite this increase manufacturing capability he thinks 2022 will not show seasonality as SIMO will remain capacity constrained and unable to meet actual 2022 demand. He doesn't give any hard numbers for revenue or sequential or annual growth, but the story is they will grow a lot and still be unable to meet demand in 2022. It should be a fun year for us investors.....
  • p
    peendee
    Most important comment from Needham was CFO saying the $200mm repurchase was a "no brainer" and body language implied it was still active at these prices. That say Wall Street does not yet have a clue as to upside to 2022 sales and eps. I am fine with a $1.3-$1.4 billion target for sale that gets beaten and raised each quarter of the year.
  • T
    The Truth
    It's time for this board to put the 2022 numbers out:

    At Needham today, SIMO CFO mentioned today that he will be working with his team next week to put the 2022 projections together. So it's time for us to put ours out and see who gets it right:

    In a reply to Geezer, I have put mine out: $1.5bn in revenue, $11 in EPS, and $165 target price. The $1.5bn is what I think SIMO can actually achieve, but SIMO will probably guide a little lower than that. So my range would be 50%-60% sequential growth over 2021.

    What are yours?
  • B
    Bill
    I like that we got a positive mention in Investor's Business Daily. They are a more credible publication than others which mention SIMO (in my opinion).
  • P
    Powerpc_marker2
    Silicon Motion price target raised to $130 from $125 at B. Riley
    B. Riley analyst Craig Ellis raised the firm's price target on Silicon Motion to $130 from $125 and reiterates a Buy rating on the shares. The company on Friday guided Q4 sales and gross margin toward the high end of its previous range, Ellis tells investors in a research note. He believes Silicon Motion's positive 2022 thesis is on track and calls the company a top pick.
  • P
    Powerpc_marker2
    SIMO is one of 3 top picks 2022 for Needham's Rajvindra Gil
    Needham's Rajvindra Gill commented, "For the third consecutive year, the SOX outperformed both the NASDAQ and S&P 500: SOX was up +41% vs NASDAQ of +21% and S&P 500 of +27%. Notably, the SOX has outperformed both indices in the last 7/10 years and in the last three years alone, the SOX has outperformed by a median rate of 20% and 31%, respectively. This is noteworthy as the industry has been affected by macro events such has global chip shortage, the COVID-19 pandemic and the China-U.S Trade war and sanctions against Huawei." Named MU, SGH, and SIMO as Top Picks for 2022."
  • P
    Powerpc_marker2
    Silicon Motion price target raised to $130 from $125 at B. Riley
  • y
    y
    Next week, Simo could go toward $60 with a disappointing outlook and $90s if its 22 revenue is $1.25B+. The stock never got much love. If its 22 revenue is $1.2B+, at $100, the share still good value given its dividend. Should head towards $150 if it could deliver $1.5B.
  • C
    Christian
    Amazed how well Simo performs in this market!

    If its buyback - so be it - well timed!
  • T
    The Gauntlet
    Roth Capital adjusts price target from $90 to $120.
  • P
    Powerpc_marker2
    Silicon Motion possibly will announce preliminary Fourth Quarter 2021 Revenue next couple of days. Believe SIMO will break 100 soon.
  • y
    y
    simo may pre-announce its Q4 results on Friday morning since Samsung just released its Q4 preliminary.
  • B
    Bill
    Happy New Year to follow SIMO shareholders! 2021 was an excellent year--opened at around $49 and closed at $95. Here's hoping 2022 is even better!
  • T
    The Truth
    I hope Wallace is buying
  • P
    Powerpc_marker2
    SIMO volume is relatively heavy recently. It is possible that something is happening behind. It is still strange that the company will buy back $200M shares within 6 months. Some takeover offer?
  • P
    Powerpc_marker2
    SIMO's competitor Phison Electronics Corp. (8299.TWO) is up more than 3% at Taiwan's trading today. SIMO should be good tomorrow.
  • G
    Geezer31
    Bring on the triple digit share price!
  • P
    Powerpc_marker2
    Samsung just announced to cut NAND production due to covid-19 lockdown in XiAN CHINA. It should be good news for NAND flash price.