<div id="readability-page-1"><p>Silicon Motion Technology Co. (NASDAQ:SIMO - Get Free Report)'s share price rose 5% on Friday . The stock traded as high as $59.45 and last traded at $59.09. Approximately 153,812 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 370,254 shares. The stock had previously closed at $56.27.</p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>Silicon Motion Proves That AI in Motion Stays in Motion</li></ul><p>A number of analysts have weighed in on SIMO shares. Roth Mkm cut their target price on shares of Silicon Motion Technology from $90.00 to $80.00 and set a &#34;buy&#34; rating on the stock in a research report on Tuesday, October 8th. Susquehanna reduced their price objective on Silicon Motion Technology from $110.00 to $95.00 and set a &#34;positive&#34; rating for the company in a report on Friday, November 1st. StockNews.com downgraded shares of Silicon Motion Technology from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a report on Wednesday. Craig Hallum decreased their target price on shares of Silicon Motion Technology from $96.00 to $90.00 and set a &#34;buy&#34; rating on the stock in a research note on Thursday, October 31st. Finally, Needham &amp; Company LLC reduced their price target on Silicon Motion Technology from $94.00 to $75.00 and set a &#34;buy&#34; rating on the stock in a research note on Friday, November 1st. One equities research analyst  has rated the stock with a sell rating, one  has assigned  a hold rating and eight have issued  a buy rating to the stock. According to MarketBeat, the stock  has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $81.67.</p><p><b>Read Our Latest Stock Analysis on SIMO</b></p><h2>Silicon Motion Technology Stock Up 5.6 %</h2><ul><li>Silicon Motion: The Market's Best Merger Arbitrage Opportunity</li></ul><p>The company has a market cap of $2.00 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 1.53 and a beta of 0.82. The business's 50 day moving average price is $55.61 and its 200-day moving average price is $64.93. </p><p>Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) last issued its earnings results on Wednesday, October 30th. The semiconductor producer reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.07. The company had revenue of $212.40 million during the quarter, compared to analyst estimates of $209.49 million. Silicon Motion Technology had a net margin of 10.90% and a return on equity of 11.52%. The company's revenue for the quarter was up 23.3% on a year-over-year basis. During the same quarter last year, the business posted $0.32 EPS.  Equities analysts expect that  Silicon Motion Technology Co. will post 2.59 earnings per share for the current year. </p><h2>Silicon Motion Technology Announces Dividend</h2><p>The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend  was Thursday, November 14th. This represents a $2.00 dividend on an annualized basis and a yield of 3.37%. Silicon Motion Technology's payout ratio is 75.38%. </p><h2>Institutional Inflows and Outflows</h2><p>Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its stake in  Silicon Motion Technology by 0.6% during the third quarter. SG Americas Securities LLC now owns 33,917 shares of the semiconductor producer's stock worth $2,060,000 after purchasing an additional 197 shares during the period.  Inspire Advisors LLC increased its stake in shares of  Silicon Motion Technology by 1.9% in the second quarter. Inspire Advisors LLC now owns 13,074 shares of the semiconductor producer's stock worth $1,059,000 after purchasing an additional 249 shares in the last quarter.  Advisors Asset Management Inc. lifted its holdings in shares of  Silicon Motion Technology by 129.4% in the third quarter. Advisors Asset Management Inc. now owns 445 shares of the semiconductor producer's stock worth $27,000 after buying an additional 251 shares in the last quarter.  Geode Capital Management LLC increased its holdings in shares of  Silicon Motion Technology by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 35,948 shares of the semiconductor producer's stock worth $2,183,000 after buying an additional 253 shares during the last quarter.  Finally, Sei Investments Co. raised its position in  Silicon Motion Technology by 0.5% in the 2nd quarter. Sei Investments Co. now owns 56,296 shares of the semiconductor producer's stock worth $4,559,000 after purchasing an additional 257 shares during the period. 78.02% of the stock is owned by institutional investors and hedge funds. </p><h2>Silicon Motion Technology Company Profile</h2> (Get Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Silicon Motion Technology</li><li>What Makes a Stock a Good Dividend Stock?</li><li>Broadcom: Turning the Mag 7 Into 8 Trillion-Dollar Tech Giants</li><li>How to buy stock: A step-by-step guide for beginners </li><li>SoundHound AI: Can Its Meteoric Rise Sustain Into 2025?</li><li>What Are Dividend Contenders? Investing in Dividend Contenders</li><li>3 Consumer Discretionary Stocks Ready for a Comeback in 2025</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><p>→ Amazon coin set to soar 25X – starting December 16th? <span><span>(From True Market Insiders)</span> <span>(Ad)</span></span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD0xMDU0MQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD0xMDU0MQ"/></p><h2>Should you invest $1,000 in Silicon Motion Technology right now?</h2><p>Before you consider Silicon Motion Technology, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Silicon Motion Technology wasn't on the list.</p><p>While Silicon Motion Technology currently has a &#34;Moderate Buy&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SIMO

<p>Silicon Motion Technology (NASDAQ:SIMO) shares rose 5% to $45.09, with a trading volume decline of 58%. Analysts have mixed ratings, with one sell, one hold, and eight buy ratings. The company reported Q3 earnings of $0.92 EPS, beating estimates, and a revenue increase of 23.3% year-over-year. A quarterly dividend of $0.50 was recently paid, yielding 3.37%. Institutional ownership stands at 78.02%.</p>

Silicon Motion Technology (NASDAQ:SIMO) Trading Up 5% - Time to Buy?