Silicon Motion Technology Corp reports results for the quarter ended in March - Earnings Summary

Silicon Motion Technology

06/05/2021 21:42

* Silicon Motion Technology Corp  SIMO.OQ  reported quarterly
adjusted earnings of $1.11​​ per share for the quarter ended
in March. The mean expectation of twelve analysts for the
quarter was for earnings of 98 cents per share.
* Revenue rose 37.3% to $182.40 million from a year ago​; 
analysts expected $168.98 million.
* Silicon Motion Technology Corp's reported EPS for the quarter
was 98 cents​.
* The mean earnings estimate of analysts had risen by
about 16.4% in the last three months.​ 
* In the last 30 days there have been no negative revisions of
earnings estimates and  
* Silicon Motion Technology Corp shares had risen by 13.3% this
quarter and gained 39.8% so far this year.
* The company reported quarterly net income of $34.4 million.
* Wall Street's median 12-month price target for Silicon Motion
Technology Corp is $85.00 
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 7 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
This summary was machine generated May 6 at 08:42 p.m. GMT. ​All
figures in US Dollars.​