Added to YB: 2025-01-13
Pitch date: 2024-11-26
SIMO [bullish]
Silicon Motion Technology Corporation
+72.96%
current return
Author Info
No bio for this author
Company Info
Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices and related devices in Taiwan, the United States, Korea, China, Malaysia, Singapore, and internationally.
Market Cap
$2.9B
Pitch Price
$50.71
Price Target
100.00 (+14%)
Dividend
2.31%
EV/EBITDA
24.26
P/E
30.23
EV/Sales
3.44
Sector
Semiconductors and Semiconductor Equipment
Category
special_situation
Silicon Motion Technology Corporation - $SIMO
SIMO: Cheap at 10x F/PE, $10/sh cash, 4% yield. Core biz at trough, new markets (AI, auto, high-end PC) to drive growth. GM/OM expansion, ASP increases. $82 base PT (13x 2026E EPS), $100 bull case. Downside limited by cash/asset value. Catalysts: MonTitan wins, beat & raise, new CFO/coverage. Risks: China/Taiwan, macro, liquidity.
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