For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Sc ...

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 ...

Business Highlights Second quarter of 2024 sales increased 11% Q/Q and increased 50% Y/Y SSD controller sales:  2Q of 2024 increased 0% to 5% Q/Q and increased 25% to 30% Y/YeMMC+UFS controller sales:  2Q of 2024 increased 25% to 30% Q/Q and increased 190% to 195% Y/YSSD solutions sales:  2Q of 2024 increased 20% to 25% Q/Q and decreased 5% to 10% Y/Y Financial Highlights  2Q 2024 GAAP2Q 2024 Non-GAAP• Net sales$210.7 million (+11% Q/Q, +50% Y/Y)$210.7 million (+11% Q/Q, +50% Y/Y)• Gross margin45.9%46.0%•  ...

Business Highlights Second quarter of 2024 sales increased 11% Q/Q and increased 50% Y/Y SSD controller sales:  2Q of 2024 increased 0% to 5% Q/Q and increased 25% to 30% Y/YeMMC+UFS controller sales:  2Q of 2024 increased 25% to 30% Q/Q and increased 190% to 195% Y/YSSD solutions sales:  2Q of 2024 increased 20% to 25% Q/Q and decreased 5% to 10% Y/Y Financial Highlights  2Q 2024 GAAP2Q 2024 Non-GAAP• Net sales$210.7 million (+11% Q/Q, +50% Y/Y)$210.7 million (+11% Q/Q, +50% Y/Y)• Gross margin45.9%46.0%•  ...

Silicon Motion (SIMO) has been beaten down lately with too much selling pressure. While the stock has lost 14.5% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator ...

Silicon Motion Technology Corporation (SIMO) is set to report second-quarter 2024 results on Aug 1, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 10.34%. It pulled off a trailing four-quarter earnings surprise of 4.72% on average. The leading developer of microcontroller ICs for NAND flash storage devices is expected to report a top-line expansion in the second quarter of 2024, backed by healthy demand for SSD (Solid State Drive) and eMMC+UFS controllers ...

In the latest market close, Silicon Motion (SIMO) reached $76.03, with a +1.18% movement compared to the previous day. The stock outpaced the S&P 500's daily gain of 1.08%. Meanwhile, the Dow experienced a rise of 0.32%, and the technology-dominated Nasdaq saw an increase of 1.58%.Prior to today's trading, shares of the chip company had lost 8.91% over the past month. This has lagged the Computer and Technology sector's loss of 4.77% and the S&P 500's gain of 0.43% in that time.Investors will be eagerly wat ...

Silicon Motion (SIMO) closed the most recent trading day at $79.64, moving -0.23% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.64%. At the same time, the Dow added 1.85%, and the tech-heavy Nasdaq gained 0.2%.The chip company's stock has dropped by 4.15% in the past month, falling short of the Computer and Technology sector's gain of 1.06% and the S&P 500's gain of 3.82%.The investment community will be closely monitoring the performance of Silicon Mot ...

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. 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, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the trad ...