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SIMO
Stock ticker: NASDAQ
AS OF
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Capitalization
1.71B

SIMO Silicon Motion Technology Corp Forecast, Technical & Fundamental Analysis

a developer of semiconductor solutions for multimedia consumer electronics market

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for SIMO with price predictions
08:00 PM EDT Sep 21, 2023

SIMO sees its Stochastic Oscillator ascends from oversold territory

On September 19, 2023, the Stochastic Oscillator for SIMO moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 56 instances where the indicator left the oversold zone. In of the 56 cases the stock moved higher in the following days. This puts the odds of a move higher at over .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where SIMO's RSI Indicator exited the oversold zone, of 25 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for SIMO just turned positive on September 18, 2023. Looking at past instances where SIMO's MACD turned positive, the stock continued to rise in of 40 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SIMO advanced for three days, in of 263 cases, the price rose further within the following month. The odds of a continued upward trend are .

SIMO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The 50-day moving average for SIMO moved below the 200-day moving average on August 22, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SIMO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for SIMO entered a downward trend on September 22, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.253) is normal, around the industry mean (7.905). P/E Ratio (19.455) is within average values for comparable stocks, (53.495). SIMO's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.329). Dividend Yield (0.010) settles around the average of (0.022) among similar stocks. P/S Ratio (2.381) is also within normal values, averaging (72.505).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. SIMO’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SIMO’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 63, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Broadcom (NASDAQ:AVGO), Advanced Micro Devices (NASDAQ:AMD), Texas Instruments (NASDAQ:TXN), Intel Corp (NASDAQ:INTC), QUALCOMM (NASDAQ:QCOM), Applied Materials (NASDAQ:AMAT), Analog Devices (NASDAQ:ADI), Lam Research Corp (NASDAQ:LRCX).

Industry description

The semiconductor industry manufacturers all chip-related products, including research and development. These chips are used in innumerable electronic devices, including computers, cell phones, smartphones, and GPSs. Intel Corporation, NVIDIA Corp., and Broadcomm are some of the prominent players in this industry. Semiconductor companies usually tend to do well during periods of healthy economic growth, thereby inducing further research and development in the industry – which in turn augurs well for productivity and growth in the economy. In the near future, demand for semiconductor products (and possibly innovation within the segment) should only expand further, with the proliferation of 5G, autonomous vehicles, IoT, and various AI-driven electronics set to herald a new, advanced chapter in the technology-driven world as we know it. With burgeoning prospects comes great competition. In 2015, SIA estimated that U.S. semiconductor industry ranks as the second most competitive U.S. industry out of 2882 U.S. industries designated manufacturers by the U.S. Census Bureau.

Market Cap

The average market capitalization across the Semiconductors Industry is 27.54B. The market cap for tickers in the group ranges from 13.43K to 1.01T. NVDA holds the highest valuation in this group at 1.01T. The lowest valued company is CYBL at 13.43K.

High and low price notable news

The average weekly price growth across all stocks in the Semiconductors Industry was 1%. For the same Industry, the average monthly price growth was 0%, and the average quarterly price growth was 6%. SMTKD experienced the highest price growth at 690%, while BCHPY experienced the biggest fall at -33%.

Volume

The average weekly volume growth across all stocks in the Semiconductors Industry was -50%. For the same stocks of the Industry, the average monthly volume growth was -17% and the average quarterly volume growth was -18%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 57
P/E Growth Rating: 51
Price Growth Rating: 59
SMR Rating: 64
Profit Risk Rating: 63
Seasonality Score: -32 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published Earnings

SIMO is expected to report earnings to rise 51.84% to 57 cents per share on October 31

Silicon Motion Technology Corp SIMO Stock Earnings Reports
Q3'23
Est.
$0.58
Q2'23
Missed
by $0.07
Q1'23
Missed
by $0.33
Q4'22
Missed
by $0.22
Q3'22
Missed
by $0.33
The last earnings report on July 27 showed earnings per share of 37 cents, missing the estimate of 44 cents. With 182.81K shares outstanding, the current market capitalization sits at 1.71B.
A.I.Advisor
published Dividends

SIMO paid dividends on August 25, 2022

Silicon Motion Technology Corp SIMO Stock Dividends
А dividend of $0.50 per share was paid with a record date of August 25, 2022, and an ex-dividend date of August 10, 2022. Read more...
A.I. Advisor
published General Information

General Information

a developer of semiconductor solutions for multimedia consumer electronics market

Industry Semiconductors

Profile
Fundamentals
Details
Industry
Semiconductors
Address
Nos 19-25 Jervois Street
Phone
+852 23074768
Employees
1643
Web
https://www.siliconmotion.com
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SIMO and

Correlation & Price change

A.I.dvisor indicates that over the last year, SIMO has been loosely correlated with SMTC. These tickers have moved in lockstep 43% of the time. This A.I.-generated data suggests there is some statistical probability that if SIMO jumps, then SMTC could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SIMO
1D Price
Change %
SIMO100%
+0.98%
SMTC - SIMO
43%
Loosely correlated
+3.61%
TSEM - SIMO
36%
Loosely correlated
+0.36%
TER - SIMO
35%
Loosely correlated
-0.22%
TXN - SIMO
32%
Poorly correlated
-0.06%
MRVL - SIMO
32%
Poorly correlated
+0.89%
More

Groups containing SIMO

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SIMO
1D Price
Change %
SIMO100%
+0.98%
asia
(undefined stocks)
37%
Loosely correlated
+0.50%
china
(undefined stocks)
33%
Loosely correlated
+0.74%
electronic
(undefined stocks)
30%
Poorly correlated
+0.40%
semiconductors
(undefined stocks)
29%
Poorly correlated
+0.26%
Semiconductors
(undefined stocks)
29%
Poorly correlated
+0.23%
More