Silicon Motion Technology Corporation
Silicon Motion Technology Corporation (NASDAQ: SIMO) is trading at $279.40, about ₹26,828 at today's USD/INR rate, as of 25 Sep 2026, 3:35 PM ET, up 1.56% today. Indian residents can buy Silicon Motion Technology from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$273.06
Today's high
$283.99
52 week low
$79.76
52 week high
$355.00
SIMO opened at $275.80, closed previously at $275.10, and has traded between $79.76 and $355.00 over the past 52 weeks.
About
Silicon Motion Technology Corporation (SIMO) is a prominent company specializing in the design, development, and distribution of NAND flash controllers, which are essential components for a wide array of solid-state storage devices. Their product range supports diverse applications, including controllers for computing-grade Solid-State Drives (SSDs) found in personal computers and other client devices. They also provide solutions for enterprise-grade SSDs crucial for data centers, as well as embedded storage such as eMMC and UFS used in smartphones and IoT (Internet of Things) devices. Furthermore, their technology extends to flash memory cards and flash drives for expandable storage, and specialized SSDs designed for industrial, commercial, and automotive applications. The company brands its controller offerings under SMI. Its enterprise-level SSDs are available under the Shannon Systems name, while its integrated industrial-grade SSDs are marketed as Ferri SSD, Ferri-eMMC, and Ferri-UFS. Silicon Motion's sales strategy involves both direct sales teams and a network of independent electronics distributors, serving a customer base that includes major NAND flash manufacturers, module makers, hyperscale cloud providers, and Original Equipment Manufacturers (OEMs). Founded in 1995 and headquartered in Hong Kong, the company boasts a global operational presence, including locations in Taiwan, the United States, South Korea, China, Malaysia, Singapore, and other international markets.
Key statistics
Avg. volume
1.00M
Market cap
$9.38B
P/E Ratio
8.14
Price-to-sales ratio
7.14
Enterprise value
$9.36B
Free cash flow yield
-1.28%
Debt-to-equity ratio
0.06
Return on equity
32.04%
ROIC
14.77%
Beta
1.70
Dividend yield
0.72%
Last dividend
$2.00
Financial overview
Revenue
$885.63M
Earnings per share
$14.60
Free cash flow
$6.29M
Net profit margin
22.06%
Gross margin
48.87%
EBITDA
$170.30M
Revenue growth
10.21%
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This is not an investment recommendation
How to buy Silicon Motion Technology from India
Indian residents can buy Silicon Motion Technology shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for Silicon Motion Technology and place an order
Find Silicon Motion Technology by name or by its ticker, SIMO, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Silicon Motion Technology trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Silicon Motion Technology position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Silicon Motion Technology from India
Trading and taxes when buying Silicon Motion Technology from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. Silicon Motion Technology’s current yield is 0.72%.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy Silicon Motion Technology stock?
Yes. Silicon Motion Technology (SIMO) has been listed on NASDAQ since 2005, in the Semiconductors industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one Silicon Motion Technology share cost in rupees?
One Silicon Motion Technology share is $279.40 — about ₹26,828 at a USD/INR rate of 96.02 on 24 Sep 2026. Both the Silicon Motion Technology price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Silicon Motion Technology from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy Silicon Motion Technology with less than the price of one share?
Yes. A whole Silicon Motion Technology share is $279.40, but there is no minimum trade size: you enter a rupee or dollar amount and receive the matching fraction.
How are gains on Silicon Motion Technology shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Silicon Motion Technology price. Paasa issues a capital-gains statement for your return.
Does Silicon Motion Technology pay a dividend, and how is it taxed in India?
Yes. Silicon Motion Technology pays a dividend and the current yield is 0.72%; the last declared dividend was $2.00 per share, about ₹192.04. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Silicon Motion Technology from India?
NASDAQ trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is Silicon Motion Technology a United States company, and does that change how it is taxed?
Silicon Motion Technology trades on NASDAQ in US dollars, but the company is domiciled in Hong Kong SAR China. Silicon Motion Technology trades as an American Depositary Receipt rather than an ordinary share. Some non-US companies list in the US through American Depositary Receipts, which can carry dividend withholding at the company's home-country rate. Your India-side capital-gains treatment is the same either way.
Do I have to declare Silicon Motion Technology shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Silicon Motion Technology holding, its cost and its closing value.
How do I sell Silicon Motion Technology and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.