Let’s look at the key reasons that are pushing Silicon Motion Technology Corp ADR (SIMO) to new highs

Silicon Motion Technology Corp ADR (NASDAQ: SIMO) kicked off on Monday, up 3.12% from the previous trading day, before settling in for the closing price of $51.20. Over the past 52 weeks, SIMO has traded in a range of $50.50-$85.87.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 9.06%. While this was happening, its average annual earnings per share was recorded 42.23%. With a float of $33.40 million, this company’s outstanding shares have now reached $33.42 million.

Considering the fact that the conglomerate employs 1546 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 45.37%, operating margin of 11.37%, and the pretax margin is 12.82%.

Silicon Motion Technology Corp ADR (SIMO) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Semiconductors Industry. The insider ownership of Silicon Motion Technology Corp ADR is 0.07%, while institutional ownership is 84.93%.

Silicon Motion Technology Corp ADR (SIMO) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around 42.23% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 17.10% during the next five years compared to -10.22% drop over the previous five years of trading.

Silicon Motion Technology Corp ADR (NASDAQ: SIMO) Trading Performance Indicators

Take a look at Silicon Motion Technology Corp ADR’s (SIMO) current performance indicators. Last quarter, stock had a quick ratio of 3.43. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.16. Likewise, its price to free cash flow for the trailing twelve months is 21.72.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.64, a number that is poised to hit 0.75 in the next quarter and is forecasted to reach 3.93 in one year’s time.

Technical Analysis of Silicon Motion Technology Corp ADR (SIMO)

Compared to the last year’s volume of 0.37 million, its volume of 0.34 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 34.66%. Additionally, its Average True Range was 2.05.

During the past 100 days, Silicon Motion Technology Corp ADR’s (SIMO) raw stochastic average was set at 6.67%, which indicates a significant decrease from 34.07% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 48.33% in the past 14 days, which was higher than the 42.84% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $56.71, while its 200-day Moving Average is $69.10. Nevertheless, the first resistance level for the watch stands at $53.53 in the near term. At $54.27, the stock is likely to face the second major resistance level. The third major resistance level sits at $55.53. If the price goes on to break the first support level at $51.53, it is likely to go to the next support level at $50.27. Now, if the price goes above the second support level, the third support stands at $49.53.

Silicon Motion Technology Corp ADR (NASDAQ: SIMO) Key Stats

The company with the Market Capitalisation of 1.76 billion has total of 33,682K Shares Outstanding. Its annual sales at the moment are 639,140 K in contrast with the sum of 52,870 K annual income. Company’s last quarter sales were recorded 212,410 K and last quarter income was 20,840 K.