News Spotlight: Silicon Motion Technology Corporation (SIMO)

News Spotlight: Silicon Motion Technology Corporation (SIMO)

Silicon Motion Technology Corporation (SIMO) changed -0.27% to recent value of $40.52. The stock transacted 480990 shares during most recent day however it has an average volume of 282.84K shares. It spotted trading -34.49% off 52-week high price. On the other end, the stock has been noted 27.70% away from the low price over the last 52-weeks.

On July 29, 2019, Silicon Motion Technology Corporation (SIMO) (Silicon Motion or the Company), a global leader in designing and marketing NAND flash controllers for solid state storage devices, confirms its quarterly cash dividend.

On October 29, 2018, the Board of Directors of the Company declared payment of an annual dividend of US$1.20 per ADS1, equivalent to US$0.30 per ordinary share, which will be paid in four quarterly installments of $0.30 per ADS, equivalent to US$0.075 per ordinary share.  According to the previously announced record and payment dates, the next quarterly installment will be paid on August 22, 2019 to all shareholders of record on August 8, 2019. Our depository bank’s DR Books will be closed for issuance and cancellation on August 8, 2019.

The declaration and payment of future cash dividends are subject to the Board’s continuing determination that the payment of dividends are in the best interests of the Company’s shareholders and are in compliance with all laws and agreements of the Company applicable to the declaration and payment of cash dividends.

About Silicon Motion:
We are the global leader in supplying NAND flash controllers for solid state storage devices and the merchant leader in supplying SSD controllers.  We have the broadest portfolio of controller technologies and our controllers are widely used in embedded storage products such as SSDs and eMMC+UFS devices, which are found in smartphones, PCs and commercial and industrial applications. We have shipped over six billion NAND controllers in the last ten years, more than any other company in the world.  We also supply customized high-performance hyperscale data center and industrial SSD solutions.  Our customers include most of the NAND flash vendors, storage device module makers and leading OEMs.

SIMO has a gross margin of 49.20% and an operating margin of 19.80% while its profit margin remained 18.50% for the last 12 months. Its earnings per share (EPS) expected to touch remained 30.00% for this year while earning per share for the next 5-years is expected to reach at -4.40%.

The company has 37.04M of outstanding shares and 30.16M shares were floated in the market. According to the most recent quarter its current ratio was 4.4 that represents company’s ability to meet its current financial obligations. The price moved ahead of -5.08% from the mean of 20 days, -0.99% from mean of 50 days SMA and performed 3.06% from mean of 200 days price. Company’s performance for the week was -1.63%, -4.50% for month and YTD performance remained 17.45%.

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William Payton

William Payton possesses over 7 years of investment experience, an M.B.A. from California State University, and is also certified in Risk Management Assurance. He is a self-taught investor and follows the value investing approach to picking stocks. William has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Earnings News category for our site. William is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas.Address: 4831 Elk Street, Irvine, California, USAPhone number: 949-757-9251Email: William@surveypaid.info 

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