Craig Hallum reiterated coverage on Silicon Motion with a new price target
$SIMO
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Technology
Craig Hallum reiterated coverage of Silicon Motion with a rating of Buy and set a new price target of $90.00 from $96.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/31/2024 | $96.00 → $90.00 | Buy | Craig Hallum |
| 8/16/2024 | $90.00 → $60.00 | Buy → Underperform | BofA Securities |
| 5/6/2024 | $80.00 → $96.00 | Buy | Craig Hallum |
| 5/6/2024 | $59.00 → $88.00 | Equal-Weight → Overweight | Morgan Stanley |
| 2/7/2024 | $64.00 → $90.00 | Neutral → Buy | B. Riley Securities |
| 2/7/2024 | $75.00 → $80.00 | Buy | Craig Hallum |
| 1/4/2024 | $54.00 → $77.00 | Neutral → Overweight | JP Morgan |
| 11/2/2023 | $60.00 → $75.00 | Neutral → Buy | ROTH MKM |
6-K - Silicon Motion Technology CORP (0001329394) (Filer)
6-K - Silicon Motion Technology CORP (0001329394) (Filer)
6-K - Silicon Motion Technology CORP (0001329394) (Filer)
TAIPEI, Taiwan and MILPITAS, Calif., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ:SIMO) ("Silicon Motion" or the "Company"), a global leader in designing and marketing NAND flash controllers for solid state storage devices, today announced, following a search process, that Jason Tsai, currently the Interim Chief Financial Officer and VP of Investor Relations and Finance of the Company, has been appointed the Chief Financial Officer, effective October 28, 2024. Mr. Tsai has served as our Interim CFO since April 25, 2024. Wallace Kou, Chief Executive Officer of Silicon Motion, said, "Jason has made innumerable contributions to the strong performance of our
TAIPEI, Taiwan and MILPITAS, Calif., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ: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 following anticipated record and payment dates: Record DatePayment DateNovember 14, 2024November 27, 2024February 13, 2025February 27, 2025May 8, 2025May 22, 2025August 7, 2025August 21, 2025 The Company
TAIPEI, Taiwan and MILPITAS, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ:SIMO) ("Silicon Motion" or the "Company"), a global leader in NAND flash controllers for solid state storage devices, announces that based on its preliminary third quarter financial results, sequential revenue growth is expected to be above the midpoint of its original guidance range of $205 million to $216 million, which the company issued on August 2, 2024. Gross margin (non-GAAP) is expected to be in the upper half of the company's original 46.0% to 47.0% guidance range. The Company will release its third quarter 2024 financial results after the market closes on October
TAIPEI, Taiwan and MILPITAS, Calif., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ: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 following anticipated record and payment dates: Record DatePayment DateNovember 14, 2024November 27, 2024February 13, 2025February 27, 2025May 8, 2025May 22, 2025August 7, 2025August 21, 2025 The Company
TAIPEI, Taiwan and MILPITAS, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ:SIMO) ("Silicon Motion" or the "Company"), a global leader in NAND flash controllers for solid state storage devices, announces that based on its preliminary third quarter financial results, sequential revenue growth is expected to be above the midpoint of its original guidance range of $205 million to $216 million, which the company issued on August 2, 2024. Gross margin (non-GAAP) is expected to be in the upper half of the company's original 46.0% to 47.0% guidance range. The Company will release its third quarter 2024 financial results after the market closes on October
Business Highlights Second quarter of 2024 sales increased 11% Q/Q and increased 50% Y/Y SSD controller sales: 2Q of 2024 increased 0% to 5% Q/Q and increased 25% to 30% Y/YeMMC+UFS controller sales: 2Q of 2024 increased 25% to 30% Q/Q and increased 190% to 195% Y/YSSD solutions sales: 2Q of 2024 increased 20% to 25% Q/Q and decreased 5% to 10% Y/Y Financial Highlights 2Q 2024 GAAP2Q 2024 Non-GAAP• Net sales$210.7 million (+11% Q/Q, +50% Y/Y)$210.7 million (+11% Q/Q, +50% Y/Y)• Gross margin45.9%46.0%• Operating margin14.6%16.5%• Earnings per diluted ADS$0.91 $0.96 TAIPEI, Taiwan and MILPITAS, Calif., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ:SIM
Craig Hallum reiterated coverage of Silicon Motion with a rating of Buy and set a new price target of $90.00 from $96.00 previously
BofA Securities downgraded Silicon Motion from Buy to Underperform and set a new price target of $60.00 from $90.00 previously
Craig Hallum reiterated coverage of Silicon Motion with a rating of Buy and set a new price target of $96.00 from $80.00 previously
Needham analyst Quinn Bolton maintains Silicon Motion Technology (NASDAQ:SIMO) with a Buy and raises the price target from $85 to $94.
B. Riley Securities analyst Craig Ellis maintains Silicon Motion Technology (NASDAQ:SIMO) with a Buy and raises the price target from $109 to $112.
B. Riley Securities analyst Craig Ellis maintains Silicon Motion Technology (NASDAQ:SIMO) with a Buy and raises the price target from $105 to $109.
TAIPEI, Taiwan and MILPITAS, Calif., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ:SIMO) ("Silicon Motion" or the "Company"), a global leader in designing and marketing NAND flash controllers for solid state storage devices, today announced, following a search process, that Jason Tsai, currently the Interim Chief Financial Officer and VP of Investor Relations and Finance of the Company, has been appointed the Chief Financial Officer, effective October 28, 2024. Mr. Tsai has served as our Interim CFO since April 25, 2024. Wallace Kou, Chief Executive Officer of Silicon Motion, said, "Jason has made innumerable contributions to the strong performance of our
TAIPEI, Taiwan and MILPITAS, Calif., Dec. 18, 2023 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ:SIMO) ("Silicon Motion," the "Company" or "we"), a global leader in designing and marketing NAND flash controllers for solid-state storage devices, today, announced the election of Mr. Cain Lin to its board of directors (the "Board") following the retirement of Mr. Yung-Chien Wang as well as the re-election of Mr. Steve Chen to its board of directors following the annual shareholders meeting on December 14, 2023. "Yung-Chien Wang has been an invaluable member of our Board for the past 18 years. We thank him for his tireless service to the Company and we extend our best wi
SC 13G/A - Silicon Motion Technology CORP (0001329394) (Subject)