Dividend Worth Watching: $0.20 dividends are now a reality for Silicon Motion Technology Corporation (NASDAQ:SIMO) shareholders. Here’s why.

Dividend Worth Watching: $0.20 dividends are now a reality for Silicon Motion Technology Corporation (NASDAQ:SIMO) shareholders. Here's why.

Silicon Motion Technology Corporation (NASDAQ:SIMO) is expected to pay $0.20 on Nov 17, 2016. The indicated annual dividend is $0.79. Shareholders owning the stock before Nov 3, 2016 will be eligible to receive the payout. Based on Silicon Motion Technology Corporation’s current price of $41.50, the dividend is 0.48%. This dividend’s record date is Nov 7, 2016 and the announcement date is Oct 26, 2016. The stock closed at $41.5 during the last session. It is down 6.93% since March 31, 2016 and is uptrending. It has outperformed by 4.41% the S&P500.

Silicon Motion Technology Corporation is a fabless semiconductor company. The company has a market cap of $1.50 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 18.65 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.

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

Out of 10 analysts covering Silicon Motion (NASDAQ:SIMO), 8 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 80% are positive. Silicon Motion has been the topic of 12 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Susquehanna initiated it with “Positive” rating and $35 target price in Tuesday, September 8 report. The rating was downgraded by Bank of America on Tuesday, August 18 to “Underperform”. The stock of Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) earned “Buy” rating by Brean Capital on Wednesday, March 23. The firm earned “Buy” rating on Thursday, September 29 by Roth Capital. The stock of Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) has “Buy” rating given on Friday, January 29 by Craig Hallum. The firm earned “Buy” rating on Wednesday, July 29 by Brean Capital. The rating was upgraded by Standpoint Research on Thursday, January 14 to “Buy”. The company was maintained on Friday, January 29 by Topeka Capital Markets. The stock has “Outperform” rating given by Pacific Crest on Monday, August 17. The firm has “Buy” rating by Topeka Capital Markets given on Tuesday, July 28.

More important recent Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) news were published by: Marketwatch.com which released: “Silicon Motion Technology Corp. ADR” on December 22, 2009, also Quotes.Wsj.com published article titled: “DOW JONES, A NEWS CORP COMPANY”, Schaeffersresearch.com published: “Buzz Stocks: Honeywell International Inc., ArcelorMittal SA (ADR), and Silicon …” on October 07, 2016. More interesting news about Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) was released by: Benzinga.com and their article: “Mid-Morning Market Update: Markets Open Higher; AT&T to Acquire Time Warner …” with publication date: October 24, 2016.

SIMO Company Profile

Silicon Motion Technology Corporation, incorporated on January 27, 2005, is a fabless semiconductor company. The Firm designs, develops and markets low-power semiconductor solutions to original equipment manufacturers (OEMs) and other clients 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. In the mobile storage market, the Company’s products are controllers used in embedded storage products, such as Solid State Drives (SSDs), and Embedded Multimedia Cards (eMMCs), as well as expandable storage products, such as flash memory cards and universal serial bus (USB) flash drives. For the mobile communications market, the Company’s products are handset transceivers and mobile television (TV) System on Chips (SoCs). The Company’s products are used in consumer devices, such as smartphones, tablets and personal computers (PCs) and for industrial, enterprise, commercial and other applications. The Firm markets its controllers under the SMI brand; its enterprise-grade SSDs under the Shannon Systems brand; its single-chip industrial-grade SSDs under the Ferri SSD and Ferri-eMMC brands, and RF ICs under the FCI brand.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment