Silicon Motion Technology Corporation (SIMO) Receives Analyst Rating

Silicon Motion Technology Corporation (SIMO) : 6 brokerage houses believe that Silicon Motion Technology Corporation (SIMO) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Silicon Motion Technology Corporation (SIMO). Zacks Investment Research suggests a Strong Buy with a rank of 1. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 10 Wall Street Analysts endorse the stock as a Buy with a rating of 1.65.

Silicon Motion Technology Corporation (SIMO) : The consensus price target for Silicon Motion Technology Corporation (SIMO) is $50.75 for the short term with a standard deviation of $13.49. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $67, however, the pessimist price target for the company is $22.


Silicon Motion Technology Corporation (NASDAQ:SIMO): After opening at $50.8, the stock dipped to an intraday low of $50.76 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $51.5 and the buying power remained strong till the end. The stock closed at $51.1 for the day, a gain of 0.97% for the day session. The total traded volume was 497,177. The stocks close on the previous trading day was $50.61.

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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