Silicon Motion Technology Corp ADR (NASDAQ: SIMO) is 4.68% higher on its value in year-to-date trading and has touched a low of $48.81 and a high of $85.87 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SIMO stock was last observed hovering at around $54.48 in the last trading session, with the day’s gains setting it 2.1%.
Currently trading at $56.58, the stock is 3.63% and 4.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing 3.85% at the moment leaves the stock -7.61% off its SMA200. SIMO registered -21.94% loss for a year compared to 6-month gain of 1.20%. The firm has a 50-day simple moving average (SMA 50) of $54.1234 and a 200-day simple moving average (SMA200) of $61.2397.
The stock witnessed a -4.36% loss in the last 1 month and extending the period to 3 months gives it a -4.62%, and is 8.58% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.31% over the week and 4.52% over the month.
Silicon Motion Technology Corp ADR (SIMO) has around 1546 employees, a market worth around $1.89B and $802.06M in sales. Current P/E ratio is 21.08 and Fwd P/E is 12.59. Profit margin for the company is 11.29%. Distance from 52-week low is 15.92% and -34.11% from its 52-week high. The company has generated returns on investments over the last 12 months (11.18%).
with sales reaching $162.69M over the same period.The EPS is expected to shrink by -0.12% this year, but quarterly earnings will post 0.78% year-over-year. Quarterly sales are estimated to shrink -14.06% in year-over-year returns.
257.0 institutions hold shares in Silicon Motion Technology Corp ADR (SIMO), with institutional investors hold 83.34% of the company’s shares. The shares outstanding are 33.42M, and float is at 33.41M with Short Float at 2.89%. Institutions hold 83.34% of the Float.
The top institutional shareholder in the company is FMR LLC with over 1.75 million shares valued at $$142.03 million. The investor’s holdings represent 5.2064 of the SIMO Shares outstanding. As of 2024-06-30, the second largest holder is ACADIAN ASSET MANAGEMENT LLC with 1.33 million shares valued at $$107.95 million to account for 3.9587 of the shares outstanding. The other top investors are LORD, ABBETT & CO. LLC which holds 0.91 million shares representing 2.6936 and valued at over $$73.48 million, while PERTENTO PARTNERS LLP holds 2.4917 of the shares totaling 0.84 million with a market value of $$67.98 million.
