The stock of Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) is a huge mover today! About 411,926 shares traded hands. Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) has risen 14.87% since April 13, 2016 and is uptrending. It has outperformed by 10.95% the S&P500.
The move comes after 9 months positive chart setup for the $1.64 billion company. It was reported on Nov, 15 by Barchart.com. We have $64.68 PT which if reached, will make NASDAQ:SIMO worth $656.00M more.
Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) Ratings Coverage
Out of 10 analysts covering Silicon Motion (NASDAQ:SIMO), 8 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 80% are positive. Silicon Motion has been the topic of 12 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Brean Capital given on Wednesday, July 29. The firm has “Buy” rating by Craig Hallum given on Friday, January 29. The rating was maintained by Topeka Capital Markets with “Buy” on Friday, January 29. Ladenburg Thalmann downgraded Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) on Wednesday, April 6 to “Neutral” rating. On Wednesday, March 23 the stock rating was maintained by Brean Capital with “Buy”. The firm earned “Outperform” rating on Monday, August 17 by Pacific Crest. On Friday, July 8 the stock rating was maintained by Needham with “Buy”. The stock of Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) earned “Buy” rating by Roth Capital on Thursday, September 29. Topeka Capital Markets maintained the stock with “Buy” rating in Tuesday, July 28 report. The stock of Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) earned “Buy” rating by Standpoint Research on Thursday, January 14.
According to Zacks Investment Research, “Silicon Motion Technology Corporation designs, develops and markets universally compatible and low-power semiconductor solutions for the multimedia consumer electronics market. The company sells its semiconductor solutions to original equipment manufacturers and design manufacturers worldwide.”
More news for Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) were recently published by: Marketwatch.com, which released: “Silicon Motion Technology Corp. ADR” on December 22, 2009. Quotes.Wsj.com‘s article titled: “DOW JONES, A NEWS CORP COMPANY” and published on February 14, 2011 is yet another important article.
SIMO Company Profile
Silicon Motion Technology Corporation, incorporated on January 27, 2005, is a fabless semiconductor company. The Firm designs, develops and markets low-power semiconductor solutions to original equipment manufacturers (OEMs) and other clients in the mobile storage and mobile communications markets. It is engaged in developing negative-AND (NAND) flash controller integrated circuits (ICs) for solid-state storage devices and specialty radio frequency (RF) ICs for mobile devices. In the mobile storage market, the Company’s products are controllers used in embedded storage products, such as Solid State Drives (SSDs), and Embedded Multimedia Cards (eMMCs), as well as expandable storage products, such as flash memory cards and universal serial bus (USB) flash drives. For the mobile communications market, the Company’s products are handset transceivers and mobile television (TV) System on Chips (SoCs). The Company’s products are used in consumer devices, such as smartphones, tablets and personal computers (PCs) and for industrial, enterprise, commercial and other applications. The Firm markets its controllers under the SMI brand; its enterprise-grade SSDs under the Shannon Systems brand; its single-chip industrial-grade SSDs under the Ferri SSD and Ferri-eMMC brands, and RF ICs under the FCI brand.
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