Silicon Motion Gains as Major Indexes Diverge
The chipmaker rose in the latest session and outpaced the market, while analysts expect sharp increases in quarterly earnings and revenue.
Silicon Motion rose 1.39% to close at $280 in the latest session, while the S&P 500 fell 0.25%. The Dow lost 0.86%, and the Nasdaq gained 0.24%.
The shares have climbed 16.35% over the past month, according to the article, beating the Computer and Technology sector’s 4% gain. The S&P 500 fell 0.42% over the same period.
Zacks consensus estimates call for earnings of $3.30 per share in the upcoming quarterly report, up 230% from the year-earlier quarter. The revenue estimate is $532.81 million, a 120.17% increase.
For the year, Zacks estimates earnings of $11.16 per share and revenue of $1.89 billion. Those figures represent increases of 214.37% and 112.86%, respectively, from the prior year.
Silicon Motion’s forward price-to-earnings ratio is 24.76, compared with an industry average of 21.3, according to the article. Its PEG ratio is 0.46, versus 0.67 for the Computer - Integrated Systems industry.
This article was produced with the help of AI technology.
Source: Yahoo Finance
