Tag Archives: simo

Silicon Motion Q1 Beats, Deal Taps China E-Commerce

Silicon Motion Technology (SIMO) late Monday reported Q1 earnings and an outlook for the current quarter that topped Wall Street expectations, saying its acquisition of China-based Shannon Systems will enable it to begin supplying enterprise solid-state drives to large Chinese Internet companies. The Taiwanese fabless semiconductor company develops Nand flash-device controllers and other chip products used in solid-state storage devices, embedded

This Top Chipmaker Is Very Close To A Buy Point

Top-rated Silicon Motion Technology (SIMO) surged nearly 10% on the stock market today, closing the session just 11 cents below a 30.60 buy point from an area of consolidation. The Taiwanese maker of flash memory controllers said Wednesday that its Q1 revenue would be at the top of its forecast. Silicon Motion has a near-best IBD Composite Rating of 98 out of 99. Industry group peer ARM Holdings (ARMH), along with GoPro (GPRO) chip supplier

Silicon Motion Up On Sweetened Q1 Revenue Projections

Silicon Motion Technology (SIMO) stock jumped on Wednesday after the Taiwan-based chipmaker said it expects Q1 revenue to be flat sequentially rather than show a decline, as the company had originally projected. Silicon Motion stock was up more than 7% in midday trading in the stock market today, near 30, just off from its all-time high of 30.50 brushed on Feb. 9. The Taiwan-based company is set to officially release full Q1 earnings after the