Silicon Motion Technology Corporation (NASDAQ:SIMO) Updates On Dividend Release Date


On 2016-02-29, Silicon Motion Technology Corporation (NASDAQ:SIMO) confirmed the dividend disbursement of $0.147 a share to shareholders as on record 2016-08-05. The firm will release dividend on 2016-08-17 while ex-dividend date is reported to be 2016-08-03.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Silicon Motion Technology Corporation (NASDAQ:SIMO) paid a total of $0.147 per share in dividends. This figure stood at $0.147 a share in the same period a year ago indicating a deviation of -20%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $50.75 on the stock. This figure is the average of recommendations offered by 10 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $66.5 and $22, respectively.

Taking the mathematical rating formula, the price for Silicon Motion Technology Corporation (NASDAQ:SIMO) stands at 1.59. Earnings Review Silicon Motion Technology Corporation (NASDAQ:SIMO) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-26. For the period ending on 2016-09-30, experts are expecting EPS of $0.74.

Coming to the quarter ending on 2015-12-31, Silicon Motion Technology Corporation (NASDAQ:SIMO) recorded EPS of $0.85. The reported numbers came lower than the analysts’ estimates of $0.66, demonstrating a miss of $0.19 as against reported figures.

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