Silicon Motion Technology news

Silicon Motion Technology

The net income of Silicon Motion Technology under GAAP for 2020 was $64.398 million, down 19.2% from $79.746 million in the previous year. Revenue was down 15.2% to $457.253 million from $539.521 million a year earlier.

Silicon Motion Technology

Silicon Motion Technology's net profit under GAAP for 9 months of 2020 was $38.969 million, which is 2 times less than the $78.392 million recorded in the previous year. Revenue decreased 23.1% to $304.058 million, against $395.624 million a year earlier.

Silicon Motion Technology

The Board of Directors of Silicon Motion Technology has declared an annual dividend of $1.40 per receipt. Payments will be made quarterly in the amount of $0.35 per one receipt. The annual dividend yield may amount to 3.52%.

Silicon Motion Technology

Silicon Motion Technology extends its share buyback program for 12 months. The current 2-year $200 million program was announced on November 21, 2018. As of Q3 2020, 2.4 million ADRs have been repurchased for $84.8 million, which is equivalent to approximately 7% of the total outstanding shares.

Silicon Motion Technology

Silicon Motion Technology's net profit under GAAP for 6 months of 2020 was $34,756 million, down 1.6 times from $54,126 million the previous year. Revenue decreased by 28.2% to $193.54 million from $269.58 million a year earlier.

Silicon Motion Technology

The Silicon Motion Technology Board of Directors announced a quarterly dividend of $0.35 per share. The last day to buy securities to receive the dividend is August 4, 2020. The annual dividend yield may reach 3.48%.