Silicon Motion Technology Corp. ADR (SIMO) News
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SIMO News Highlights
- For SIMO, its 30 day story count is now at 2.
- Over the past 9 days, the trend for SIMO's stories per day has been choppy and unclear. It has oscillated between 1 and 1.
- ST are the most mentioned tickers in articles about SIMO.
Latest SIMO News From Around the Web
Below are the latest news stories about SILICON MOTION TECHNOLOGY CORP that investors may wish to consider to help them evaluate SIMO as an investment opportunity.
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It's been a drama-filled year for small-cap chip designer SiliconMotion, but better times could be coming.
Silicon Motion Technology Corporation (NasdaqGS: SIMO) ("Silicon Motion"), a global leader in designing and marketing NAND flash controllers for solid-state storage devices, announces its participation at NXP Tech Days Detroit from November 7-8 at St. John's resort, Plymouth. Silicon Motion, a Registered Partner of NXP, will showcase the NXP i.MX93 Evaluation Kit (EVK) with Silicon Motion's Ferri-eMMC. The Ferri-eMMC features cutting-edge firmware design, advanced NAND management, industry-leadi
Silicon Motion Technology Corporation (NASDAQ:SIMO) Q3 2023 Earnings Call Transcript November 2, 2023 Operator: Good day, and thank you for standing by. Welcome to the Silicon Motion Technology Corp. Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only. After the speaker’s presentation, there will be question-and-answer session. [Operator Instructions] […]
Silicon Motion (SIMO) reports lower revenues year over year in the third quarter of 2023 due to weakness in various end markets. Improvement in channel inventory is a positive.
Business Highlights Third quarter sales increased 23% Q/Q and decreased 31% Y/Y SSD controller sales: 3Q increased 5% to 10% Q/Q and decreased 10% to 15% Y/YeMMC+UFS controller sales: 3Q increased 100% to 105% Q/Q and decreased 40% to 45% Y/YSSD solutions sales: 3Q decreased 5% to 10% Q/Q and decreased 30% to 35% Y/Y Financial Highlights 3Q 2023 GAAP3Q 2023 Non-GAAP• Net sales$172.3 million (+23% Q/Q, -31% Y/Y)$172.3 million (+23% Q/Q, -31% Y/Y)• Gross margin42.4%42.5%• Operating margin8.7%13.8%
TAIPEI, Taiwan and MILPITAS, Calif., Oct. 30, 2023 (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, announces today its annual cash dividend of $2.00 per ADS. The Board of Directors of the Company has declared an annual dividend of $2.00 per ADS1,2 which will be paid in four quarterly installments of $0.50 per ADS3 according to the follo
SIMO, QRVO and SYNA are poised to benefit from higher demand for scalable infrastructure for seamless connectivity amid a wide proliferation of IoT and a steady pace of 5G rollout.
The consensus price target hints at a 44.1% upside potential for Silicon Motion (SIMO). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.