How to Buy Silicon Motion Technology Stock
Silicon Motion Technology Corp
Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices.
Silicon Motion Technology stock last closed at $53.02, up 3.05% from the previous day, and has decreased 26.17% in one year. It has underperformed other stocks in the Semiconductors industry by 0.18 percentage points. Silicon Motion Technology stock is currently +8.63% from its 52-week low of $48.81, and -38.26% from its 52-week high of $85.87.
At the moment, there are 133.68M SIMO shares outstanding. The market capitalization of SIMO is $1.77B. In the past 24 hours, 190,521 SIMO shares were traded.
How to Buy Silicon Motion Technology Stock
Wondering how to invest in Silicon Motion Technology stock? Here's how.
- Decide where to buy Silicon Motion Technology stock: You need to pick an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you choose where to buy Silicon Motion Technology stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Pick your method of payment and add your info.
- Evaluate Silicon Motion Technology stock: The Silicon Motion Technology ticker symbol is SIMO. Is Silicon Motion Technology stock a good investment? Should you buy shares of SIMO? How do SIMO's underlying business fundamentals look? Do top analysts think Silicon Motion Technology is a good buy? Why has SIMO's stock price moved recently? (Hint: Our stock research tools can help you understand if SIMO is a good stock to buy).
- Place your SIMO trade: Decide if you will purchase SIMO shares at the current market price or use a limit order to buy SIMO shares at a given price.
- Get the latest news on your SIMO position: Create a watchlist to get the latest news on your new investment in Silicon Motion Technology stock.
Step 1: Decide where to buy Silicon Motion Technology stock
You will need a brokerage account in order to access the NASDAQ market and buy SIMO shares.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Create your brokerage account
Now that you've picked the right brokerage, it's time to fill out some personal information so you can invest in SIMO stock today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to start your new trading account.
- Send your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have finished signing up on one of the best stock apps, you can securely and quickly fund your account:
Check out the tutorial below for more details depositing funds into your new investment account.
Step 4: Evaluate Silicon Motion Technology stock
After you have decided on the best place to buy Silicon Motion Technology stock, it's important to analyze their stock prior to buying, so you actually understand the risk as well as the opportunity.
Silicon Motion Technology Metrics
Silicon Motion Technology Due Diligence Score
WallStreetZen was created to help average investors do more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on SIMO's stock page.
What is the fair value of SIMO stock?
You can use many financial metrics, analyses, models, and charts to gauge SIMO's fair value.
Using relative valuations methods:
- SIMO could be undervalued based on its P/E ratio of 33.14x, relative to Semiconductors industry P/E ratio of 46.17x
- SIMO could be undervalued based on its P/B ratio of 2.41x, relative to Semiconductors industry P/B ratio of 8.77x
- SIMO could be undervalued based on its PEG ratio of 0.63x
You can access more valuation research on SIMO's stock here.
Is SIMO a healthy company?
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the SIMO balance sheet.
- There are more short-term assets than long-term liabilities on the SIMO balance sheet.
- SIMO's operating cash flow of $149.08M allows it to safely service it's debt of $0.00.
- SIMO has a low debt to equity ratio of 0.37.
- SIMO earnings of $61.05M is not enough to cover its interest payments.
Negative Financial Indicators:
- Total SIMO debt is higher than 5 years ago, relative to shareholder equity.
- SIMO profit margin has gone down from 18.2% to 8.3% in the past year.
Is Silicon Motion Technology stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 6 Equities analysts who track SIMO, the consensus analyst rating on Silicon Motion Technology is a Strong Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
Most Recent SIMO Analyst Ratings
Ray Wu, a bottom 29% analyst from Morgan Stanley maintains SIMO with a strong buy rating and lowers their SIMO price target from $78.00 to $65.00, on Sep 16, 2024.
You can dig deeper into what analysts are saying on the Silicon Motion Technology stock forecast page.
SIMO Technical Indicators
SIMO Revenue
Last year, SIMO earnings were $52.87M. During the past 5 year, SIMO's earnings have grown by -10.07% per year. This was slower than the Semiconductors industry average of 75.44%.
Last year, SIMO revenue was $639.14M. Over the last five year, SIMO's revenue has gone up by 3.8% per year. This was slower than the Semiconductors industry average of 39.85%.
Learn more about SIMO's earnings and revenue performance here.
Are SIMO insiders buying or selling the stock?
In the past 12 months, insiders at SIMO have not bought or sold any shares.
Dig into more about who owns SIMO stock here.
Does SIMO stock generate passive income?
Silicon Motion Technology pays a dividend of 2.83%, compared to the Semiconductors industry's average dividend yield of 2.18%. If you owned $1,000 worth of SIMO stock, you would have received $28.29 in the past year.
Silicon Motion Technology dividend payments have consistently grown over the past decade and have remained stable.
Dig into more data about Silicon Motion Technology dividend yield and history here.
What do other investors have to say about SIMO?
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Place your SIMO trade
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly sufficient. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given dollar amount limit, use a limit order.
Hit the Open Trade button and your broker will execute your order.
If you require more info about buying stocks on eToro, watch the helpful video below:
Step 6: Get the latest news on your SIMO position
Now that you own some SIMO stock, you'll want to keep up with your investment.
Add SIMO to a watchlist to see the latest developments about your SIMO stock.
SIMO Feed
How to Buy Stock in Silicon Motion Technology
To summarize, here are the 6 steps to buy stock in Silicon Motion Technology:
- Decide where to buy Silicon Motion Technology stock
- Create your brokerage account
- Put funds into your brokerage account
- Evaluate Silicon Motion Technology stock
- Place your SIMO trade
- Get the latest news on your SIMO position
If you are looking for a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get the latest news on your new investment in Silicon Motion Technology, get started below.
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