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?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 ha ...

Silicon Motion Technology Corporation (SIMO) recently released its preliminary second-quarter 2024 results, providing insights into its business operations amidst a challenging macroeconomic environment. The company is scheduled to release second-quarter results on Aug 1.In the second quarter, Silicon Motion expected record revenues, slightly above the high-end of its guidance level of $199 million to $208 million. This indicates solid growth from $140.4 million reported in the year-ago quarter. The company ...

TAIPEI, Taiwan and MILPITAS, Calif., July 08, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ:SIMO) ("Silicon Motion" or the "Company"), a global leader in NAND flash controllers for solid state storage devices, announces that based on its preliminary second quarter financial results, sequential revenue growth is expected to be slightly above the high-end of its original guidance range of $199 million to $208 million, which the company issued on May 3, 2024. Gross margin (non-GAAP) is ...

The most recent trading session ended with Silicon Motion (SIMO) standing at $80.31, reflecting a +0.27% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a gain of 0.09% for the day. Meanwhile, the Dow gained 0.09%, and the Nasdaq, a tech-heavy index, added 0.3%.The chip company's shares have seen an increase of 4.73% over the last month, not keeping up with the Computer and Technology sector's gain of 6.18% and outstripping the S&P 500's gain of 3.38%.Market ...

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The latest trading session saw Silicon Motion (SIMO) ending at $82.49, denoting a -0.94% adjustment from its last day's close. This change lagged the S&P 500's daily loss of 0.16%. Elsewhere, the Dow saw an upswing of 0.04%, while the tech-heavy Nasdaq depreciated by 0.18%.The chip company's shares have seen an increase of 6.51% over the last month, not keeping up with the Computer and Technology sector's gain of 6.77% and outstripping the S&P 500's gain of 3.15%.Market participants will be closely followin ...

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 ...