Silicon Motion (SIMO) concluded the recent trading session at $56.15, signifying a +0.05% move from its prior day's close.
Recently, Zacks.com users have been paying close attention to Silicon Motion (SIMO). This makes it worthwhile to examine what the stock has in store.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Silicon Motion (SIMO) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Silicon Motion stock traded weaker since my buy call in May, down 25%, but I see a turnaround moment ahead. Silicon Motion Technology, a leader in NAND flash controllers, faces near-term market weakness but is poised for a 2025 rebound, especially in QLC NAND. The anticipated recovery in smartphone and PC markets, plus new product ramps like MonTitan and PCIe 5 controller, should support share gain for Silicon Motion.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Silicon Motion (SIMO) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
The Q3 FY2024 report was a letdown, and the stock may have further to drop, but a bottom could be on the horizon. Quarterly results are in a slump and likely to stay that way into early 2025, but the second half could be better with new products from Silicon Motion Technology. FY2025 could be a year of expansion even with a slow start in Q1, but it will require some clarification on the political front to really know what to expect.
Silicon Motion Technology Corporation (NASDAQ:SIMO ) Q3 2024 Results Conference Call October 31, 2024 8:00 AM ET Company Participants Tom Sepenzis - Senior Director of IR & Strategy Wallace Kou - President & Chief Executive Officer Jason Tsai - Interim Chief Financial Officer Conference Call Participants Mehdi Hosseini - Susquehanna Financial Group Craig Ellis - B. Riley Securities Suji Desilva - ROTH Capital Matt Bryson - Wedbush Securities Operator Good day, and thank you for standing by.
SIMO reports solid third-quarter 2024 results, driven by healthy demand trends.
Recently, Zacks.com users have been paying close attention to Silicon Motion (SIMO). This makes it worthwhile to examine what the stock has in store.
Silicon Motion (SIMO) reachead $57 at the closing of the latest trading day, reflecting a -0.26% change compared to its last close.