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?Let's take a look at what these Wall Street heavyweights have to say about Silicon Motion (SIMO) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Silicon Motion currently has an aver ...

Silicon Motion Technology (NASDAQ: SIMO ) recently reported its third quarter of 2024 at the end of October with a nice beat on revenue and EPS but came in short of guidance. The outlook caused the stock toI’m a retired Wall Street PM specializing in TMT; my educational background is a bachelor's in Finance and Economics, and an MBA from Columbia, after which I directly began my career on Wall Street. Since kickstarting my career, I’ve spent over two decades in the market navigating the technology landscape ...

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?Let's take a look at what these Wall Street heavyweights have to say about Silicon Motion (SIMO) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Silicon Motion currently has an average brokerage recomme ...

Silicon Motion Technology Corporation (NASDAQ: SIMO ), the supplier of NAND controller chips, had a great start in 2024 and the stock soared higher in the first half of the year. However, the second half of 2024 has been theWelcome to my author's site. As an avid follower of SeekingAlpha, I take great interest in articles posted as the subject matter is often something that appeals to me. However, I will sometimes encounter an article that I might not agree with. My purpose is to present an alternative view ...

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. Welcome to the Si ...

Silicon Motion Technology Corporation (SIMO) reported solid third-quarter 2024 results, with both adjusted earnings and revenues surpassing the Zacks Consensus Estimate. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The leading merchant supplier of client SSD (Solid State Drive) controllers witnessed top-line growth driven by healthy demand trends.SIMO’s Net IncomeOn a GAAP basis, net income was $20.8 million or 62 cents per American depositary share (ADS) compared with $10.6 mill ...

Business Highlights Third quarter of 2024 sales increased 1% Q/Q and increased 23% Y/Y SSD controller sales: 3Q of 2024 were flat Q/Q and increased 20% to 25% Y/YeMMC+UFS controller sales: 3Q of 2024 increased 0% to 5% Q/Q and increased 40% to 45% Y/YSSD solutions sales: 3Q of 2024 increased 5% to 10% Q/Q and increased 5% to 10% Y/Y Financial Highlights  3Q 2024 GAAP3Q 2024 Non-GAAP• Net sales$212.4 million (+1% Q/Q, +23% Y/Y)$212.4 million (+1% Q/Q, +23% Y/Y)• Gross margin46.7%46.8%• Operating margin11.5% ...

TAIPEI, Taiwan and MILPITAS, Calif., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: 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 ...

Silicon Motion (SIMO) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this chip company have returned -2.3% over the past month versus the Zacks S&P 500 composite's +1.5% change. The Zacks Computer - Integrated Systems industry, to which Silicon Motion belongs, has gained 3.1% over this period. Now the key question is: Where could the stock be headed in the near term?Although ...

Silicon Motion (SIMO) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this chip company have returned +3.7%, compared to the Zacks S&P 500 composite's +5.4% change. During this period, the Zacks Computer - Integrated Systems industry, which Silicon Motion falls in, has gained 52.1%. The key question now is: What could be the stock's f ...