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.
Tech With Benefits: 7 Stocks Offering Growth and Passive IncomeWhile innovation typically coincides exclusively with a growth-centric business model, that’s not always the case as these tech stocks to buy for growth and passive income demonstrates. |
7 F-Rated AI Stocks to Skip in NovemberAI stocks are popular in 2023 and that will likely continue into 2024, but the names on this list are AI stocks to avoid right now. |
1 Small Chip Stock to Consider for a New Era of AIIt's been a drama-filled year for small-cap chip designer SiliconMotion, but better times could be coming. |
Silicon Motion Showcases Advanced Automotive NAND Flash Storage Solutions at NXP Tech Days DetroitSilicon 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 TranscriptSilicon 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) Q3 Earnings Beat, Revenues Decline Y/YSilicon 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. |
Silicon Motion Announces Results for the Period Ended September 30, 2023Business 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% |
Silicon Motion Announces Annual Cash Dividend Payable QuarterlyTAIPEI, 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 |
3 Semiconductor Stocks Likely to Beat Q3 Earnings EstimatesSIMO, 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. |
Does Silicon Motion (SIMO) Have the Potential to Rally 44.07% as Wall Street Analysts Expect?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. |