$53.70
3.78% today
Nasdaq, Nov 26, 02:40 pm CET
ISIN
US82706C1080
Symbol
SIMO

Silicon Motion Technology Corporation Sponsored ADR Stock News

Positive
Seeking Alpha
16 days ago
Silicon Motion stock traded weaker since my buy call in May, down 25%, but I see a turnaround moment ahead. Silicon Motion Technology, a leader in NAND flash controllers, faces near-term market weakness but is poised for a 2025 rebound, especially in QLC NAND. The anticipated recovery in smartphone and PC markets, plus new product ramps like MonTitan and PCIe 5 controller, should support share ...
Neutral
PRNewsWire
21 days ago
TAIPEI and MILPITAS, Calif. , Nov. 5, 2024 /PRNewswire/ -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) ("Silicon Motion"), a global leader in designing and marketing NAND flash controllers for solid-state storage devices, today proudly announces its achievement of the ISO 26262 ASIL B Ready and ASPICE CL2 certifications.
Negative
Seeking Alpha
22 days ago
The Q3 FY2024 report was a letdown, and the stock may have further to drop, but a bottom could be on the horizon. Quarterly results are in a slump and likely to stay that way into early 2025, but the second half could be better with new products from Silicon Motion Technology. FY2025 could be a year of expansion even with a slow start in Q1, but it will require some clarification on the politic...
Neutral
Seeking Alpha
26 days ago
Silicon Motion Technology Corporation (NASDAQ:SIMO ) Q3 2024 Results Conference Call October 31, 2024 8:00 AM ET Company Participants Tom Sepenzis - Senior Director of IR & Strategy Wallace Kou - President & Chief Executive Officer Jason Tsai - Interim Chief Financial Officer Conference Call Participants Mehdi Hosseini - Susquehanna Financial Group Craig Ellis - B. Riley Securities Suji Desilva...
Neutral
GlobeNewsWire
27 days ago
Business Highlights Third quarter of 2024 sales increased 1% Q/Q and increased 23% Y/Y SSD controller sales: 3Q of 2024 were flat Q/Q and increased 20% to 25% Y/Y eMMC+UFS controller sales: 3Q of 2024 increased 0% to 5% Q/Q and increased 40% to 45% Y/Y SSD solutions sales: 3Q of 2024 increased 5% to 10% Q/Q and increased 5% to 10% Y/Y Financial Highlights   3Q 2024 GAAP 3Q 2024 Non-GAAP • Net s...
Neutral
GlobeNewsWire
27 days ago
TAIPEI, Taiwan and MILPITAS, Calif., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”), a global leader in designing and marketing NAND flash controllers for solid state storage devices, today announced, following a search process, that Jason Tsai, currently the Interim Chief Financial Officer and VP of Investor Relation...
Negative
Invezz
3 months ago
Silicon Motion Technology Corp. (NASDAQ: SIMO) is grappling with a significant blow as Bank of America (BofA) downgrades the stock from a Buy to an Underperform rating and slashes its price target from $90 to $60. This drastic revision points to a potential downside of approximately 6.
Positive
Seeking Alpha
4 months ago
SIMO is a global leader in NAND flash and SSD controllers, leveraging its extensive patent portfolio to achieve consistent innovation, secure market dominance, and deliver strong long-term earnings. Despite a growth rate contraction expected, SIMO's 2025 growth forecasts still make it a Strong Buy, with a potential 50% price increase in 12 months. Supply chain risks and regulatory challenges in...

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