Silicon Motion Technology
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Silicon Motion Technology beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share expanded significantly.
Gross margins contracted, operating margins expanded, net margins contracted.
Silicon Motion Technology recorded revenue of $77.1 million. The eight analysts polled by S&P Capital IQ predicted revenue of $74.5 million on the same basis. GAAP reported sales were 28% higher than the prior-year quarter's $60.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.46. The seven earnings estimates compiled by S&P Capital IQ averaged $0.37 per share. GAAP EPS of $1.86 for Q3 were 244% higher than the prior-year quarter's $0.54 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 46.2%, 310 basis points worse than the prior-year quarter. Operating margin was 21.5%, 10 basis points better than the prior-year quarter. Net margin was 20.3%, 860 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $77.4 million. On the bottom line, the average EPS estimate is $0.40.
Next year's average estimate for revenue is $285.6 million. The average EPS estimate is $1.47.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 774 members out of 795 rating the stock outperform, and 21 members rating it underperform. Among 180 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 175 give Silicon Motion Technology a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Silicon Motion Technology is buy, with an average price target of $25.88.
Is Silicon Motion Technology the best semiconductor stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
- Add Silicon Motion Technology to My Watchlist.