Silicon Motion Technology Corp. (ADR)(NASDAQ:SIMO) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $140.69M. Analysts estimated a revenue of $126.38M. Earnings per share were $0.86. Analysts had estimated an EPS of $0.76.
Silicon Motion Technology Corp. (ADR) (SIMO) shares turned negative on Wednesdays trading session with the shares closing down -0.12 points or -0.22% at a volume of 8,01,385. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $56.21. The peak price level was also seen at $56.21 while the days lowest was $54.9301. Finally the shares closed at $55.55. The 52-week high of the shares is $56.21 while the 52-week low is $20.01. According to the latest information available, the market cap of the company is $1,938 M.
Silicon Motion Technology Corporation (SMTC) is a fabless semiconductor company. The Company designs develops and markets low-power semiconductor solutions to original equipment manufacturers (OEMs) and other customers in the mobile storage and mobile communications markets. For the mobile storage market the Company’s products are microcontrollers used in solid state storage devices such as Solid State Drives (SSDs) Embedded Multimedia Cards (eMMCs) and other embedded flash applications as well as removable storage products. For the mobile communications market the Company’s products are mobile communication transceivers and mobile television (TV) System on Chips (SoCs). The Company’s products are used in smartphones tablets notebooks desktop personal computers and industrial and commercial applications. The Company markets its mobile storage products under the SMI brand and mobile communications products under the FCI brand.