TAIPEI, Taiwan and MILPITAS, Calif., June 17, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ:SIMO) ("Silicon Motion," the "Company" or "we"), the global leader in designing and marketing NAND flash controllers for solid-state storage devices, announced today that it has made significant additions to both its technology and investor outreach and communications teams. This includes the addition of Dr. Jen-Tai Hsu as the Vice President of Algorithm & Technology and the promotion of Tao ...

Silicon Motion (SIMO) ended the recent trading session at $82.71, demonstrating a +0.99% swing from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 0.04%. Meanwhile, the Dow experienced a drop of 0.15%, and the technology-dominated Nasdaq saw an increase of 0.12%.Heading into today, shares of the chip company had gained 5.94% over the past month, outpacing the Computer and Technology sector's loss of 2.27% and the S&P 500's gain of 4.15% in that time.Analysts and investors ...

In the latest trading session, Silicon Motion (SIMO) closed at $81.90, marking a -0.27% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.23%. Meanwhile, the Dow lost 0.17%, and the Nasdaq, a tech-heavy index, added 0.34%.Coming into today, shares of the chip company had gained 8.05% in the past month. In that same time, the Computer and Technology sector lost 2.01%, while the S&P 500 gained 3.96%.The upcoming earnings release of Silicon Motion will be of great in ...

Silicon Motion (SIMO) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this chip company have returned +8.1%, compared to the Zacks S&P 500 composite's +4% change. During this period, the Zacks Electronics - Semiconductors industry, which Silicon Motion falls in, has gained 9.4%. The key question now is: What could be the stock's future direction?Al ...

Silicon Motion (SIMO) closed at $82.54 in the latest trading session, marking a -1.41% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.11%. Meanwhile, the Dow lost 0.22%, and the Nasdaq, a tech-heavy index, lost 0.23%.Shares of the chip company have appreciated by 8.87% over the course of the past month, outperforming the Computer and Technology sector's gain of 6.52% and the S&P 500's gain of 3.51%.Market participants will be closely following the financial result ...

For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Silicon Motion (SIMO) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.Silicon Motion is a member of our Computer and Technology group, which includes 619 different companies and currently sits at #11 in the Zack ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyon ...

The SM770 supports up to three 4K 60Hz UHD displays and up to 144Hz display, allowing flexible connections with PC notebooks, ideally for commercial use, shared office users, and gamers.TAIPEI and MILPITAS, Calif., June 3, 2024 /PRNewswire/ -- Silicon Motion Technology Corporation (NasdaqGS: SIMO), a global leader in designing and marketing controller solutions for display interface and NAND storage, today announced the launch of the SM770 USB display interface SoC for USB docking stations to simplify conne ...

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?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Silicon Motion (SIMO) .Silicon Motion currently has an average brokerage recommendation (ABR) o ...

Shares of Silicon Motion Technology Corporation (SIMO) have risen 32.9% over the past six months, driven by healthy revenues on the back of a flexible business model and a quick time-to-market schedule to meet clients’ evolving needs.With healthy fundamentals, this Zacks Rank #1 (Strong Buy) semiconductor firm appears to be a solid investment option at the moment. You can see the complete list of today’s Zacks #1 Rank stocks here.Image Source: Zacks Investment ResearchGrowth DriversSilicon Motion has restru ...