Large Outflow of Money Witnessed in Silicon Motion Technology Corporation

Silicon Motion Technology Corporation (SIMO) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($1.01 million) and the uptick to downtick ratio was 0.69. The transaction value on upticks was $2.29 million and on downticks, the transaction value was $3.3 million. In block trades, the transaction value of inflow done during uptick was $1.91 million. The transaction value of block trades during downticks was $2.75 million. The uptick to downtick block trade ratio was 0.69. The money flow was negative ($0.84 million), indicating the traders were booking profit on the price strength. Silicon Motion Technology Corporation (SIMO) rose $0.28 at $48.99, during intraday Wednesday , a rise of 0.57% over the previous days close.


Shares of Silicon Motion Technology Corp. rose by 1.31% in the last five trading days and 1.91% for the last 4 weeks. Silicon Motion Technology Corp. is up 11.71% in the last 3-month period. Year-to-Date the stock performance stands at 65.01%.

Silicon Motion Technology Corporation (SIMO) : Zacks Investment Research ranks Silicon Motion Technology Corporation (SIMO) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 1.65, which indicates as a Buy.

Silicon Motion Technology Corporation (NASDAQ:SIMO): The stock opened at $48.67 and touched an intraday high of $51.3 on Wednesday. During the day, the stock corrected to an intraday low of $48.25, however, the bulls stepped in and pushed the price higher to close in the green at $51.15 with a gain of 5.01% for the day. The total traded volume for the day was 1,860,787. The stock had closed at $48.71 in the previous trading session.

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 Companys 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 Companys products are mobile communication transceivers and mobile television (TV) System on Chips (SoCs). The Companys 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.

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