$0.44 EPS Expected for Silicon Motion Technology Corp. (ADR) (SIMO)

October 13, 2017 - By Dolores Ford

 $0.44 EPS Expected for Silicon Motion Technology Corp. (ADR) (SIMO)

Investors wait Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) to report on October, 26. its quarterly earnings Wall Street analysts expect $0.44 EPS, down $0.50 or 53.19 % from last year’s $0.94 same quarter earnings. This translates into $15.55 million profit for SIMO giving the stock a 29.90 P/E. This is assuming the current $0.44 EPS is accurate. Silicon Motion Technology Corp. (ADR)’s Wall Street analysts see -36.23 % negative EPS growth, taking into account the $0.69 EPS reproted in the previous quarter, The stock increased 0.19% or $0.1 during the last trading session, reaching $52.63. About 302,348 shares traded. Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) has risen 21.46% since October 13, 2016 and is uptrending. It has outperformed by 4.76% the S&P500.

Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) Ratings Coverage

Among 15 analysts covering Silicon Motion (NASDAQ:SIMO), 12 have Buy rating, 1 Sell and 2 Hold. Therefore 80% are positive. Silicon Motion had 29 analyst reports since July 28, 2015 according to SRatingsIntel. Pacific Crest reinitiated Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) rating on Tuesday, January 3. Pacific Crest has “Overweight” rating and $54 target. Standpoint Research upgraded Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) on Wednesday, August 30 to “Buy” rating. The firm earned “Buy” rating on Tuesday, March 7 by Standpoint Research. The stock of Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) has “Buy” rating given on Tuesday, August 1 by Roth Capital. The company was maintained on Wednesday, September 6 by KeyBanc Capital Markets. The firm has “Buy” rating by Standpoint Research given on Thursday, January 14. Craig Hallum maintained it with “Buy” rating and $6000 target in Wednesday, August 2 report. On Friday, July 8 the stock rating was maintained by Needham with “Buy”. Craig Hallum maintained Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) rating on Friday, January 29. Craig Hallum has “Buy” rating and $38 target. Topeka Capital Markets maintained the shares of SIMO in report on Friday, January 29 with “Buy” rating.

Silicon Motion Technology Corporation is a fabless semiconductor company. The company has market cap of $1.86 billion. The Firm designs, develops and markets low-power semiconductor solutions to original equipment manufacturers and other clients in the mobile storage and mobile communications markets. It has a 17.58 P/E ratio. It is engaged in developing negative-AND (NAND) flash controller integrated circuits (ICs) for solid-state storage devices and specialty radio frequency (RF) ICs for mobile devices.

More news for Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) were recently published by: Schaeffersresearch.com, which released: “Buzz Stocks: Honeywell International Inc., ArcelorMittal SA (ADR), and Silicon …” on October 07, 2016. Benzinga.com‘s article titled: “Why The Recent Selloff In Silicon Motion May Have Been Overdone” and published on March 07, 2017 is yet another important article.

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