Silicon Motion Technology (SIMO) Tops Q4 EPS by 10c, Revenues Miss
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Silicon Motion Announces Results for the Period Ended December 31, 2024
February 5, 2025 6:00 PM ESTBusiness Highlights
Fourth quarter of 2024 sales decreased 10% Q/Q and decreased 6% Y/Y SSD controller sales: 4Q of 2024 decreased 5% to 10% Q/Q and decreased 5% to 10% Y/YeMMC+UFS controller sales: 4Q of 2024 decreased 10% to 15% Q/Q and were flat Y/YSSD solutions sales: 4Q of 2024 decreased 35% to 40% Q/Q and decreased 25% to 30% Y/Y Announced annual cash dividend of $2.00 per American Depositary Share (ADS)Financial Highlights
... MoreSilicon Motion Announces New $50 Million Share Repurchase Program
February 5, 2025 6:00 PM ESTTAIPEI, Taiwan and MILPITAS, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (Silicon Motion or the Company) today announced that its Board of Directors has authorized a new share repurchase program and approved related cash disbursement for the Company to repurchase up to $50 million of its American Depositary Shares (ADSs) over a six-month period (the Repurchase Program), effective immediately.
We experienced significant top-and-bottom-line growth in fiscal year 2024 as our strategy to capture greater market share and diversify our product portfolio and addressable markets is delivering results, said Wallace Kou, President & CEO of Silicon Motion. We are... More
