Silicon Motion Announces New $50 Million Share Repurchase Program
Silicon Motion Technology Corporation - American Depositary Shares, each representing four ordinary shares (SIMO)
Last silicon motion technology corporation - american depositary shares, each representing four ordinary shares earnings: 4/28 06:00 pm
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US:NASDAQ Investor Relations:
ir.siliconmotion.com
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Source: GlobeNewswire
TAIPEI, 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 confident that our opportunities are expanding over the long-term as we enter the enterprise market with our new MonTitan platform and expand our presence in automotive, IoT, gaming, wearables and other emerging growth markets. We remain confident in our strategy, growth
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- Silicon Motion Technology (NASDAQ:SIMO) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating.MarketBeat
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- Silicon Motion Technology (NASDAQ:SIMO) had its "buy (b-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
SIMO
Earnings
- 10/30/25 - Beat
SIMO
Sec Filings
- 12/9/25 - Form 144
- 12/5/25 - Form SCHEDULE
- 11/10/25 - Form 144
- SIMO's page on the SEC website