Silicon Motion Technology Corp. (NASDAQ:SIMO) declared a None dividend on Monday, January 8th, Zacks reports. Investors of record on Monday, February 12th will be paid a dividend of 0.298 per share by the semiconductor producer on Tuesday, February 27th. This represents a yield of 2.12%. The ex-dividend date of this dividend is Friday, February 9th.
Shares of Silicon Motion Technology (SIMO) traded up $0.04 during trading hours on Thursday, reaching $44.73. 305,100 shares of the company were exchanged, compared to its average volume of 720,021. The stock has a market cap of $1,578.81, a PE ratio of 21.50 and a beta of 0.47. Silicon Motion Technology has a one year low of $39.91 and a one year high of $56.51.
A number of equities analysts have issued reports on SIMO shares. Zacks Investment Research upgraded shares of Silicon Motion Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th. B. Riley restated a “buy” rating and issued a $68.75 price objective on shares of Silicon Motion Technology in a research report on Monday, January 8th. ValuEngine upgraded shares of Silicon Motion Technology from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. KeyCorp restated a “buy” rating and issued a $54.00 price objective on shares of Silicon Motion Technology in a research report on Wednesday, February 7th. Finally, BidaskClub upgraded shares of Silicon Motion Technology from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $56.56.
About Silicon Motion Technology
Silicon Motion Technology Corporation is a fabless semiconductor company. The Company designs, develops and markets low-power semiconductor solutions to original equipment manufacturers (OEMs) and other customers in the mobile storage and mobile communications markets. 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.
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