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 ...

In the latest trading session, Silicon Motion (SIMO) closed at $57.09, marking a +0.25% move from the previous day. This move outpaced the S&P 500's daily loss of 0.19%. Meanwhile, the Dow lost 0.7%, and the Nasdaq, a tech-heavy index, added 0.04%.The the stock of chip company has fallen by 8.29% in the past month, lagging the Computer and Technology sector's gain of 0.73% and the S&P 500's gain of 1.95%.Investors will be eagerly watching for the performance of Silicon Motion in its upcoming earnings disclo ...

Silicon Motion (SIMO) ended the recent trading session at $55.86, demonstrating a +1.21% swing from the preceding day's closing price. This change lagged the S&P 500's 1.7% gain on the day. Meanwhile, the Dow experienced a rise of 1.26%, and the technology-dominated Nasdaq saw an increase of 2.51%.The chip company's stock has dropped by 15.74% in the past month, falling short of the Computer and Technology sector's loss of 1.45% and the S&P 500's gain of 1.27%.Investors will be eagerly watching for the perf ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?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 br ...

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.Shares of this chip company have returned -27.9% over the past month versus the Zacks S&P 500 composite's -5.9% change. The Zacks Electronics - Semiconductors industry, to which Silicon Motion belongs, has lost 18.1% over this period. Now the key question is: Where could the stock be headed in th ...

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Silicon Motion 2Q24 Earnings Highlights NASDAQ: SIMO August 2, 2024 Safe Harbor Statement 2 This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, without limitation, statements regarding trends in the consumer electronics and semiconductor industries, any future growth projections or expectations in such markets and our fu ...

Silicon Motion Technology Corporation (SIMO) reported strong second-quarter 2024 results, wherein both the top and bottom lines surpassed the Zacks Consensus Estimate. The leading merchant supplier of client SSD (Solid State Drive) controllers witnessed top-line growth driven by healthy demand trends.Net IncomeOn a GAAP basis, net income improved to $30.8 million or 91 cents per American depositary share (ADS) from $11 million or 33 cents per ADS in the prior-year quarter. Higher net sales across various en ...