Silicon Motion Technology Corporation

SIMO

US82706C1080

Semiconductors

Market Closed - Nasdaq Other stock markets 16:00:00 2024-07-15 EDT			5-day change	1st Jan Change
79.82 ^USD	-1.08%		-4.70%	+30.28%

07-12	Asian Equities Traded in the US as American Depositary Receipts Rise Sharply in Friday Trading	MT
07-09	B. Riley Adjusts Price Target on Silicon Motion Technology to $112 From $109, Maintains Buy Rating	MT

Silicon Motion Technology Corporation Provides Earnings Guidance for the Second Quarter

July 08, 2024 at 08:00 am

Silicon Motion Technology Corporation provided earnings guidance for the second quarter . For the quarter,company now expects sequential revenue growth to be slightly above the high-end of its original guidance range of $199 million to $208 million, which the company issued on May 3, 2024.

Latest news about Silicon Motion Technology Corporation

Asian Equities Traded in the US as American Depositary Receipts Rise Sharply in Friday Trading	07-12	MT
B. Riley Adjusts Price Target on Silicon Motion Technology to $112 From $109, Maintains Buy Rating	07-09	MT
Silicon Motion Technology Corporation Provides Earnings Guidance for the Second Quarter	07-08	CI
Silicon Motion Technology Corporation Announces Appointment of Tom Sepenzis as Senior Director of Investor Relations and Strategy	06-17	CI
B. Riley Raises Price Target on Silicon Motion Technology to $109 From $105, Maintains Buy Rating	06-13	MT
Silicon Motion Technology Corporation Unveils Next-Generation Ultra-Fast, Single-Chip Controller for High-Density Portable SSDs, Ideally Suited for Next-Generation AI Smart Devices and Gaming Consoles	05-30	CI
Silicon Motion Technology Launches SM2322 Single-Chip Controller	05-29	MT
Tech Stocks Lead Asian Equities Traded in the US as American Depositary Receipts Slightly Higher in Monday Trading	05-06	MT
Susquehanna Raises Price Target on Silicon Motion Technology to $110 From $100, Maintains Positive Rating	05-06	MT
B. Riley Adjusts Price Target on Silicon Motion Technology to $105 From $101, Maintains Buy Rating	05-06	MT
Wedbush Raises Silicon Motion Technology's Price Target to $90 From $85 After 'Strong' Q1 Results, Keeps Outperform Rating	05-06	MT
Morgan Stanley Upgrades Silicon Motion Technology to Overweight From Equalweight, Price Target at $88	05-06	MT
Transcript : Silicon Motion Technology Corporation, Q1 2024 Earnings Call, May 03, 2024	05-03
Earnings Flash (SIMO) SILICON MOTION TECHNOLOGY CORPORATION. Reports Q1 Revenue $189.3M, vs. Street Est of $180.3M	05-02	MT
Earnings Flash (SIMO) SILICON MOTION TECHNOLOGY CORPORATION. Reports Q1 EPS $0.64, vs. Street Est of $0.57	05-02	MT
Silicon Motion Technology Corporation Provides Earnings Guidance for the Second Quarter and Full Year of 2024	05-02	CI
Silicon Motion Technology Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	05-02	CI
Silicon Motion Technology Keeps Quarterly Dividend at $0.50 per ADS, Payable May 23 to Holders of Record May 9	04-29	MT
Silicon Motion Technology Appoints Interim CFO	04-25	MT
Silicon Motion Technology Corporation Announces Chief Financial Officer Changes	04-25	CI
Roth MKM Raises Silicon Motion Technology's Price Target to $95 From $85, Maintains Buy Rating	04-09	MT
Silicon Motion Technology Corporation Revised Earnings Guidance for the First Quarter of 2024	04-09	CI
Silicon Motion Technology Corporation Unveils High-Performance Single Chip PCIe Gen4.0 BGA Ferri SSD with I-Temp for Industrial and Automotive Applications	03-26	CI
Asian Equities Traded in the US as American Depositary Receipts Rise in Thursday Trading	03-21	MT
B. Riley Securities Adjusts Silicon Motion Technology's Price Target to $93 From $90, Maintains Buy Rating	03-15	MT

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Company Profile

SILICON MOTION TECHNOLOGY CORPORATION is a provider of negative-AND (NAND) flash controllers for Solid State Drives (SSDs) and other solid state storage devices. The Company is mainly engaged in the design, development and sale of low-power semiconductor solutions for original equipment manufacturers (OEMs) and other customers in the mobile storage market. The Company is mainly engaged in the development of NAND flash controller integrated circuits (ICs) for solid-state storage devices, as well as specialty radio frequency (RF) ICs for mobile devices. In the mobile storage market, the Company's products are controllers used in SSDs, Embedded Multimedia Cards (eMMCs) and other embedded storage products, as well as flash memory cards, universal serial bus (USB) flash drives and other expandable storage products. The Company's products are used in smartphones, tablets, personal computers (PCs) and other devices.

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Semiconductors

Calendar

2024-08-01 - Q2 2024 Earnings Release

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Ratings for Silicon Motion Technology Corporation

Trading Rating

Investor Rating

ESG Refinitiv

D+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

79.82 USD

Average target price

97.22 USD

Spread / Average Target

+21.80%

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EPS Revisions

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Quarterly earnings - Rate of surprise

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