Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. It offers SSDs used in PCs and other devices, as well as eMMC and UFS mobile embedded storage used in smartphones and IOT devices. The company also provides enterprise-grade SSDs used in data centers; and small form-factor specialized SSDs used in industrial, commercial, and automotive applications. It markets its controllers under the SMI brand; enterprise-grade SSDs under the Shannon Systems brand; and single-chip industrial-grade SSDs under the Ferri SSD and Ferri-eMMC brands. The company markets and sells its products through direct sales personnel and independent electronics distributors to flash makers, module makers, hyperscalers, and OEMs. It operates in Taiwan, the United States, South Korea, China, Malaysia, Singapore, and internationally. Silicon Motion Technology Corporation was founded in 1995 and is based in Kowloon, Hong Kong.
IPO Year: 2005
Exchange: NASDAQ
Website: siliconmotion.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/31/2025 | $70.00 → $100.00 | Buy | Craig Hallum |
| 6/18/2025 | $90.00 | Neutral → Buy | BofA Securities |
| 4/23/2025 | $47.00 | Underperform → Neutral | BofA Securities |
| 10/31/2024 | $96.00 → $90.00 | Buy | Craig Hallum |
| 8/16/2024 | $90.00 → $60.00 | Buy → Underperform | BofA Securities |
| 5/6/2024 | $80.00 → $96.00 | Buy | Craig Hallum |
| 5/6/2024 | $59.00 → $88.00 | Equal-Weight → Overweight | Morgan Stanley |
| 2/7/2024 | $64.00 → $90.00 | Neutral → Buy | B. Riley Securities |
| 2/7/2024 | $75.00 → $80.00 | Buy | Craig Hallum |
| 1/4/2024 | $54.00 → $77.00 | Neutral → Overweight | JP Morgan |
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Craig Hallum reiterated coverage of Silicon Motion with a rating of Buy and set a new price target of $100.00 from $70.00 previously
BofA Securities upgraded Silicon Motion from Neutral to Buy and set a new price target of $90.00
BofA Securities upgraded Silicon Motion from Underperform to Neutral and set a new price target of $47.00
Craig Hallum reiterated coverage of Silicon Motion with a rating of Buy and set a new price target of $90.00 from $96.00 previously
BofA Securities downgraded Silicon Motion from Buy to Underperform and set a new price target of $60.00 from $90.00 previously
Craig Hallum reiterated coverage of Silicon Motion with a rating of Buy and set a new price target of $96.00 from $80.00 previously
Morgan Stanley upgraded Silicon Motion from Equal-Weight to Overweight and set a new price target of $88.00 from $59.00 previously
B. Riley Securities upgraded Silicon Motion from Neutral to Buy and set a new price target of $90.00 from $64.00 previously
Craig Hallum reiterated coverage of Silicon Motion with a rating of Buy and set a new price target of $80.00 from $75.00 previously
JP Morgan upgraded Silicon Motion from Neutral to Overweight and set a new price target of $77.00 from $54.00 previously
SCHEDULE 13G/A - Silicon Motion Technology CORP (0001329394) (Subject)
6-K - Silicon Motion Technology CORP (0001329394) (Filer)
6-K - Silicon Motion Technology CORP (0001329394) (Filer)
6-K - Silicon Motion Technology CORP (0001329394) (Filer)
6-K - Silicon Motion Technology CORP (0001329394) (Filer)
S-8 - Silicon Motion Technology CORP (0001329394) (Filer)
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6-K - Silicon Motion Technology CORP (0001329394) (Filer)
6-K - Silicon Motion Technology CORP (0001329394) (Filer)
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TAIPEI, Taiwan and MILPITAS, Calif., Aug. 08, 2025 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ:SIMO), a global leader in designing and marketing NAND flash controllers for solid state storage devices, today announced that it will participate in the following upcoming conferences: KBCM 26th Annual Technology Leadership Forum Monday, August 11, 2025, 1:30 p.m. MT (webcast) Montage Deer Valley, Park City, UT Needham 6th Annual Virtual Semiconductor & SemiCap 1X1 Conference Wednesday, August 20, 2025 (virtual meetings only) Evercore 2025 Semiconductor, IT Hardware & Networking Conference Tuesday, August 26, 2025 (meetings only) Peninsula Chicago Hotel,
Company Also Demonstrates Full Spectrum of AI Storage Solutions for PCs, Gaming, Edge, Robotics, and Automotive TAIPEI and MILPITAS, Calif., Aug. 5, 2025 /PRNewswire/ -- Silicon Motion Technology Corporation (NASDAQ:SIMO) ("Silicon Motion"), a global leader in designing and marketing NAND flash controllers for solid-state storage devices, today announced it will showcase its MonTitan™ SM8366 PCIe Gen5 SSD controller solutions, demonstrated using the VAST Data Ceres V2 AI Storage platform and Aetina NVIDIA MGX™ server, at FMS (the Future of Memory and Storage) 2025 in Santa Clara, California, taking place August 5–7 in at booth #315. MonTitan™, together with other advanced storage solutions o
Business Highlights Second quarter of 2025 sales increased 19% Q/Q and decreased 6% Y/Y SSD controller sales: 2Q of 2025 increased 0% to 5% Q/Q and decreased 15% to 20% Y/YeMMC+UFS controller sales: 2Q of 2025 increased 40% to 45% Q/Q and increased 10% to 15% Y/YSSD solutions sales: 2Q of 2025 increased 0% to 5% Q/Q and decreased 45% to 50% Y/Y Financial Highlights 2Q 2025 GAAP2
TAIPEI, Taiwan and MILPITAS, Calif., July 28, 2025 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ:SIMO) ("Silicon Motion" or the "Company"), a global leader in designing and marketing NAND flash controllers for solid state storage devices, confirms today its quarterly cash dividend. On October 28, 2024, the Board of Directors of the Company declared payment of an annual dividend of US$2.00 per ADS1, equivalent to US$0.50 per ordinary share, which will be paid in four quarterly installments of $0.50 per ADS, equivalent to US$0.125 per ordinary share. According to the previously announced record and payment dates, the next quarterly installment will be paid
TAIPEI, Taiwan and MILPITAS, Calif., July 08, 2025 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ:SIMO) ("Silicon Motion" or the "Company"), a global leader in NAND flash controllers for solid state storage devices, plans to release its second quarter 2025 financial results after the market closes on July 30, 2025 and will host a conference call on July 31 at 8:00 a.m. Eastern Time. Participants must pre-register using the link below to participate in the live call. CONFERENCE CALL DETAILS: Participants must register in advance to join the conference call using the link provided below. Conference access information (including dial-in information and a unique acc
TAIPEI and MILPITAS, Calif., June 30, 2025 /PRNewswire/ -- Silicon Motion Technology Corporation (NASDAQ:SIMO) ("Silicon Motion"), a global leader in designing and marketing NAND flash controllers for solid-state storage devices, today announced the addition of Mr. Jeffrey Ju as Senior Vice President of Platform & Strategy to drive strategic platform development and ecosystem partnerships. Mr. Ju brings 30 years of leadership experience in the semiconductor industry, with deep expertise in IC design, marketing, and global operations. In his new role, Mr. Ju will lead efforts t
TAIPEI and MILPITAS, Calif., June 26, 2025 /PRNewswire/ -- Silicon Motion Technology Corporation (NASDAQ:SIMO) ("Silicon Motion"), a global leader in the design and marketing of NAND flash controllers for solid-state storage devices, is pleased to announce that its Universal Flash Storage (UFS) solution has successfully completed compatibility validation on Qualcomm® Snapdragon® Cockpit SA8295P Platform. This achievement enables automotive customers to confidently adopt Silicon Motion's UFS solution with the Snapdragon® Cockpit SA8295P designs. Silicon Motion enables superior
TAIPEI, May 15, 2025 /PRNewswire/ -- Silicon Motion Technology Corporation (NASDAQ:SIMO) ("Silicon Motion"), a global leader in designing and marketing NAND flash controllers for solid-state storage devices, today announced that it will showcase its broad portfolio of products including two new SSD controllers at COMPUTEX 2025. The first is the SM2504XT, an ultra-low power PCIe Gen5 DRAM-less controller offering industry-leading performance per watt. The second is the SM2324, the world's first true single-chip portable SSD controller supporting USB4 with built-in Power Delivery. Together, these innovations highlight Silicon Motion's leadership in enabling energy-efficient, high-performance S
TAIPEI, Taiwan and MILPITAS, Calif., May 13, 2025 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ:SIMO), a global leader in designing and marketing NAND flash controllers for solid state storage devices, today announced that it will participate in the following upcoming conferences: J.P. Morgan 53rd Annual Global Technology, Media and Communications Conference Wednesday, May 14, 2025, 8:00 a.m. EDT (webcast) The Westin Boston Seaport District, Boston, MA B. Riley Securities 25th Annual Institutional Investor Conference Monday, May 21, 2025 (meetings only) The Ritz-Carlton, Marina Del Rey, Los Angeles, CA Bank of America Securities 2025 Global Technology
Business Highlights First quarter of 2025 sales decreased 13% Q/Q and decreased 12% Y/YSSD controller sales: 1Q of 2025 decreased 10% to 15% Q/Q and decreased 20% to 25% Y/YeMMC+UFS controller sales: 1Q of 2025 decreased 15% to 20% Q/Q and decreased 0% to 5% Y/Y SSD solutions sales: 1Q of 2025 decreased 20% to 25% Q/Q and decreased 35% to 40% Y/YAnnounced new $50 million share repurchase programFinancial Highlights 1Q 2025 GAAP 1Q 2025 Non-GAAP* Net sales $166.5 million (-13% Q/Q, -12% Y/Y) $166.5 million (-13% Q/Q, -12% Y/Y) Gross margin 47.1 % 47.1 % Operating margin 5.9 % 8.9 % Earnings per diluted ADS $0.58 $0.60 * Please see supplemental reconciliations of U.S. Generally Acc
Live Leadership Updates
TAIPEI, Taiwan and MILPITAS, Calif., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ:SIMO) ("Silicon Motion" or the "Company"), a global leader in designing and marketing NAND flash controllers for solid state storage devices, today announced, following a search process, that Jason Tsai, currently the Interim Chief Financial Officer and VP of Investor Relations and Finance of the Company, has been appointed the Chief Financial Officer, effective October 28, 2024. Mr. Tsai has served as our Interim CFO since April 25, 2024. Wallace Kou, Chief Executive Officer of Silicon Motion, said, "Jason has made innumerable contributions to the strong performance of our
TAIPEI, Taiwan and MILPITAS, Calif., Dec. 18, 2023 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ:SIMO) ("Silicon Motion," the "Company" or "we"), a global leader in designing and marketing NAND flash controllers for solid-state storage devices, today, announced the election of Mr. Cain Lin to its board of directors (the "Board") following the retirement of Mr. Yung-Chien Wang as well as the re-election of Mr. Steve Chen to its board of directors following the annual shareholders meeting on December 14, 2023. "Yung-Chien Wang has been an invaluable member of our Board for the past 18 years. We thank him for his tireless service to the Company and we extend our best wi
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Business Highlights Second quarter of 2025 sales increased 19% Q/Q and decreased 6% Y/Y SSD controller sales: 2Q of 2025 increased 0% to 5% Q/Q and decreased 15% to 20% Y/YeMMC+UFS controller sales: 2Q of 2025 increased 40% to 45% Q/Q and increased 10% to 15% Y/YSSD solutions sales: 2Q of 2025 increased 0% to 5% Q/Q and decreased 45% to 50% Y/Y Financial Highlights 2Q 2025 GAAP2
TAIPEI, Taiwan and MILPITAS, Calif., July 28, 2025 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ:SIMO) ("Silicon Motion" or the "Company"), a global leader in designing and marketing NAND flash controllers for solid state storage devices, confirms today its quarterly cash dividend. On October 28, 2024, the Board of Directors of the Company declared payment of an annual dividend of US$2.00 per ADS1, equivalent to US$0.50 per ordinary share, which will be paid in four quarterly installments of $0.50 per ADS, equivalent to US$0.125 per ordinary share. According to the previously announced record and payment dates, the next quarterly installment will be paid
TAIPEI, Taiwan and MILPITAS, Calif., July 08, 2025 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ:SIMO) ("Silicon Motion" or the "Company"), a global leader in NAND flash controllers for solid state storage devices, plans to release its second quarter 2025 financial results after the market closes on July 30, 2025 and will host a conference call on July 31 at 8:00 a.m. Eastern Time. Participants must pre-register using the link below to participate in the live call. CONFERENCE CALL DETAILS: Participants must register in advance to join the conference call using the link provided below. Conference access information (including dial-in information and a unique acc
Business Highlights First quarter of 2025 sales decreased 13% Q/Q and decreased 12% Y/YSSD controller sales: 1Q of 2025 decreased 10% to 15% Q/Q and decreased 20% to 25% Y/YeMMC+UFS controller sales: 1Q of 2025 decreased 15% to 20% Q/Q and decreased 0% to 5% Y/Y SSD solutions sales: 1Q of 2025 decreased 20% to 25% Q/Q and decreased 35% to 40% Y/YAnnounced new $50 million share repurchase programFinancial Highlights 1Q 2025 GAAP 1Q 2025 Non-GAAP* Net sales $166.5 million (-13% Q/Q, -12% Y/Y) $166.5 million (-13% Q/Q, -12% Y/Y) Gross margin 47.1 % 47.1 % Operating margin 5.9 % 8.9 % Earnings per diluted ADS $0.58 $0.60 * Please see supplemental reconciliations of U.S. Generally Acc
Business Highlights First quarter of 2025 sales decreased 13% Q/Q and decreased 12% Y/Y SSD controller sales: 1Q of 2025 decreased 10% to 15% Q/Q and decreased 20% to 25% Y/YeMMC+UFS controller sales: 1Q of 2025 decreased 15% to 20% Q/Q and decreased 0% to 5% Y/YSSD solutions sales: 1Q of 2025 decreased 20% to 25% Q/Q and decreased 35% to 40% Y/Y Announced new $50 million share repurchase program Financial Highlights 1Q 2025 GAAP1Q 2025 Non-GAAP* • Net sales$166.5 million (-13% Q/Q, -12% Y/Y)$166.5 million (-13% Q/Q, -12% Y/Y) • Gross margin47.1%47.1% • Operating margin5.9%8.9% • Earnings per diluted ADS$0.58$0.60 * Please see supple
TAIPEI, Taiwan and MILPITAS, Calif., April 25, 2025 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ:SIMO)("Silicon Motion" or the "Company"), a global leader in designing and marketing NAND flash controllers for solid state storage devices, confirms today its quarterly cash dividend. On October 28, 2024, the Board of Directors of the Company declared payment of an annual dividend of US$2.00 per ADS1, equivalent to US$0.50 per ordinary share, which will be paid in four quarterly installments of $0.50 per ADS, equivalent to US$0.125 per ordinary share. According to the previously announced record and payment dates, the next quarterly installment will be paid on May 22
TAIPEI, Taiwan and MILPITAS, Calif., April 09, 2025 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ:SIMO) ("Silicon Motion" or the "Company"), a global leader in NAND flash controllers for solid state storage devices, plans to release its first quarter 2025 financial results after the market closes on April 29, 2025 and will host a conference call on April 30 at 8:00 a.m. Eastern Time. Participants must pre-register using the link below to participate in the live call. CONFERENCE CALL DETAILS: Participants must register in advance to join the conference call using the link provided below. Conference access information (including dial-in information and a unique acces
TAIPEI, Taiwan and MILPITAS, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) ("Silicon Motion" or the "Company") today announced that its Board of Directors has authorized a new share repurchase program and approved related cash disbursement for the Company to repurchase up to $50 million of its American Depositary Shares ("ADSs") over a six-month period (the "Repurchase Program"), effective immediately. "We experienced significant top-and-bottom-line growth in fiscal year 2024 as our strategy to capture greater market share and diversify our product portfolio and addressable markets is delivering results," said Wallace Kou, President & CEO
TAIPEI, Taiwan and MILPITAS, Calif., Jan. 24, 2025 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ:SIMO)("Silicon Motion" or the "Company"), a global leader in designing and marketing NAND flash controllers for solid state storage devices, confirms today its quarterly cash dividend. On October 28, 2024, the Board of Directors of the Company declared payment of an annual dividend of US$2.00 per ADS1, equivalent to US$0.50 per ordinary share, which will be paid in four quarterly installments of $0.50 per ADS, equivalent to US$0.125 per ordinary share. According to the previously announced record and payment dates, the next quarterly installment will be paid on February 27
TAIPEI, Taiwan and MILPITAS, Calif., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ:SIMO) ("Silicon Motion" or the "Company"), a global leader in NAND flash controllers for solid state storage devices, announces that based on its preliminary fourth quarter financial results, revenue is expected to be at the low end of its original guidance range of $191 million to $202 million, which the Company issued on October 31, 2024. Gross margin (non-GAAP) is expected to be near the mid-point of the Company's original 46.5% to 47.5% guidance range. The Company will release its fourth quarter 2024 financial results after the market closes on February 5, 2025 and