These Analysts Increase Their Forecasts On Silicon Motion Technology Following Q4 Earnings - Silicon Motion Technology (NASDAQ:SIMO)

Silicon Motion Technology Corp. (NASDAQ:SIMO) reported better-than-expected fourth-quarter sales results and issued first-quarter sales guidance above estimates, after the closing bell on Tuesday.Silicon Motion Technology reported quarterly earnings of $1.26 per share which missed the analyst consensus estimate of $1.30 per share. The company reported quarterly sales of $278.461 million which beat the analyst consensus estimate of $260.987 million.Silicon Motion Technology said it sees first-quarter sales o ...