Silicon Motion Technology Corporation (SIMO) reported healthy fourth-quarter 2023 results, with the bottom and the top line beating the Zacks Consensus Estimate. The leading developer of microcontroller ICs for NAND flash storage devices witnessed top-line growth driven by healthy demand trends. In addition, the company has executed some management changes to better navigate the volatile market conditions.Net IncomeOn a GAAP basis, net income in the reported quarter was $21.1 million or 63 cents per America ...

Silicon Motion Technology Corporation (NASDAQ:SIMO) Q4 2023 Earnings Conference Call February 7, 2024 8:00 AM ET Company Participants Jason Tsai - VP, IR & Finance Wallace C. Kou - President & Chief Executive Officer Conference Call Participants Mehdi Hosseini - Susquehanna Financial Quinn Bolton - Needham & Company Gokul Hariharan - J.P. Morgan Anthony Stoss - Craig-Hallum Capital Craig Ellis - B. Riley Securities Suji Desilva - ROTH MKM Partners Operator Good day and thank you for standing by. Welcome to ...

Business Highlights Fourth quarter sales increased 17% Q/Q and increased 1% Y/Y SSD controller sales: 4Q increased 15% to 20% Q/Q and increased 0% to 5% Y/YeMMC+UFS controller sales: 4Q increased 25% to 30% Q/Q and increased 20% to 25% Y/YSSD solutions sales: 4Q decreased 5% to 10% Q/Q and decreased 45% to 50% Y/Y Announced annual cash dividend of $2.00 per ADS Financial Highlights  4Q 2023 GAAP4Q 2023 Non-GAAP•   Net sales$202.4 million (+17% Q/Q, +1% Y/Y)$202.4 million (+17% Q/Q, +1% Y/Y)•   Gross margin4 ...

Exhibit 99.1 Silicon Motion Announces Results for the Period Ended December 31, 2023 NEWS RELEASE Business Highlights • Fourth quarter sales increased 17% Q/Q and increased 1% Y/Y • SSD controller sales: 4Q increased 15% to 20% Q/Q and increased 0% to 5% Y/Y • eMMC+UFS controller sales: 4Q increased 25% to 30% Q/Q and increased 20% to 25% Y/Y • SSD solutions sales: 4Q decreased 5% to 10% Q/Q and decreased 45% to 50% Y/Y • Announced annual cash dividend of $2.00 per ADS Financial Highlights | --- | --- | --- ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, it's pretty easy to find cutting-edge growth stocks with the he ...

After reaching an important support level, Silicon Motion Technology Corporation (SIMO) could be a good stock pick from a technical perspective. SIMO recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with th ...

Silicon Motion Technology Corporation (NASDAQ:SIMO) Q3 2023 Earnings Conference Call November 2, 2023 8:00 AM ET Company Participants Jason Tsai - Vice President of Investor Relations & Finance Wallace Kou - President & Chief Executive Officer Conference Call Participants Mehdi Hosseini - SIG Quinn Bolton - Needham & Company Anthony Stoss - Craig-Hallum Suji Desilva - ROTH MKM Gokul Hariharan - JPMorgan Matt Bryson - Wedbush Securities Ethan Widell - B. Riley Securities Operator Good day, and thank you for ...

Exhibit 99.1 Silicon Motion Announces Results for the Period Ended September 30, 2023 NEWS RELEASE Business Highlights • Third quarter sales increased 23% Q/Q and decreased 31% Y/Y • SSD controller sales: 3Q increased 5% to 10% Q/Q and decreased 10% to 15% Y/Y • eMMC+UFS controller sales: 3Q increased 100% to 105% Q/Q and decreased 40% to 45% Y/Y • SSD solutions sales: 3Q decreased 5% to 10% Q/Q and decreased 30% to 35% Y/Y Financial Highlights | --- | --- | --- | --- | |-------|---------------------------- ...

Exhibit 99.1 Silicon Motion Announces Results for the Period Ended March 31, 2023 NEWS RELEASE Business Highlights • First quarter sales decreased 38% Q/Q and 49% Y/Y • SSD controller sales: 1Q decreased 20% to 25% Q/Q and 35% to 40% Y/Y • eMMC+UFS controller sales: 1Q decreased 70% to 75% Q/Q and 75% to 80% Y/Y • SSD solutions sales: 1Q decreased 30% to 35% Q/Q and approximately flat Y/Y Financial Highlights | --- | --- | --- | --- | --- | |-------|-------|--------------------------------|----------------- ...