BofA Securities downgraded Silicon Motion from Buy to Underperform and set a new price target of $60.00 from $90.00 previously
Save time and jump to the most important pieces.
| 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 |
SC 13G - Silicon Motion Technology CORP (0001329394) (Subject)
SC 13G/A - Silicon Motion Technology CORP (0001329394) (Subject)
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
6-K - Silicon Motion Technology CORP (0001329394) (Filer)
6-K - Silicon Motion Technology CORP (0001329394) (Filer)
6-K - Silicon Motion Technology CORP (0001329394) (Filer)
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
TAIPEI and MILPITAS, Calif., Feb. 6, 2025 /PRNewswire/ -- Silicon Motion Technology Corporation (NASDAQ:SIMO) ("Silicon Motion"), a global leader in designing and marketing NAND flash controllers for solid-state storage devices, today proudly announces its PCIe Gen4 SSD controller has achieved ASPICE Capability Level 3 (CL3) after assessment by UL Solutions (NYSE:ULS), positioning Silicon Motion as the world's first SSD controller vendor to achieve this milestone. This certification highlights the company's capability to not only manage individual projects effectively but also establish organization-wide standardized workflows, creating process assets at the corporate level.
TAIPEI, Taiwan and MILPITAS, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) ("Silicon Motion" or the "Company") today announced that its Board of Directors has authorized a new share repurchase program and approved related cash disbursement for the Company to repurchase up to $50 million of its American Depositary Shares ("ADSs") over a six-month period (the "Repurchase Program"), effective immediately. "We experienced significant top-and-bottom-line growth in fiscal year 2024 as our strategy to capture greater market share and diversify our product portfolio and addressable markets is delivering results," said Wallace Kou, President & CEO
TAIPEI, Taiwan and MILPITAS, Calif., Jan. 24, 2025 (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, confirms today its quarterly cash dividend. On October 28, 2024, the Board of Directors of the Company declared payment of an annual dividend of US$2.00 per ADS1, equivalent to US$0.50 per ordinary share, which will be paid in four quarterly installments of $0.50 per ADS, equivalent to US$0.125 per ordinary share. According to the previously announced record and payment dates, the next quarterly installment will be paid on February 27
TAIPEI, Taiwan and MILPITAS, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) ("Silicon Motion" or the "Company") today announced that its Board of Directors has authorized a new share repurchase program and approved related cash disbursement for the Company to repurchase up to $50 million of its American Depositary Shares ("ADSs") over a six-month period (the "Repurchase Program"), effective immediately. "We experienced significant top-and-bottom-line growth in fiscal year 2024 as our strategy to capture greater market share and diversify our product portfolio and addressable markets is delivering results," said Wallace Kou, President & CEO
TAIPEI, Taiwan and MILPITAS, Calif., Jan. 24, 2025 (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, confirms today its quarterly cash dividend. On October 28, 2024, the Board of Directors of the Company declared payment of an annual dividend of US$2.00 per ADS1, equivalent to US$0.50 per ordinary share, which will be paid in four quarterly installments of $0.50 per ADS, equivalent to US$0.125 per ordinary share. According to the previously announced record and payment dates, the next quarterly installment will be paid on February 27
TAIPEI, Taiwan and MILPITAS, Calif., Jan. 07, 2025 (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 fourth quarter financial results, revenue is expected to be at the low end of its original guidance range of $191 million to $202 million, which the Company issued on October 31, 2024. Gross margin (non-GAAP) is expected to be near the mid-point of the Company's original 46.5% to 47.5% guidance range. The Company will release its fourth quarter 2024 financial results after the market closes on February 5, 2025 and