Silicon Motion Technology Corporation Sponsored ADR Stock News

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...

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...

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...

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.

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...

Artificial intelligence (AI) is rapidly expanding into various industries. However, not all companies have been able to benefit from this growth immediately.

The Company Also Showcases SSD Solutions for Enterprise, PC, and Automotive AI Applications TAIPEI and MILPITAS, Calif. , Aug. 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 announced SM2508 , the best power efficiency PCIe Gen5 NVMe 2.0 cl...

Business Highlights Second quarter of 2024 sales increased 11% Q/Q and increased 50% Y/Y SSD controller sales:  2Q of 2024 increased 0% to 5% Q/Q and increased 25% to 30% Y/Y eMMC+UFS controller sales:  2Q of 2024 increased 25% to 30% Q/Q and increased 190% to 195% Y/Y SSD solutions sales:  2Q of 2024 increased 20% to 25% Q/Q and decreased 5% to 10% Y/Y Financial Highlights   2 Q 202 4 GAAP 2 Q...