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Strength Seen in Silicon Motion (SIMO): Can Its 12.4% Jump Turn into More Strength?
ZACKS· 2026-01-07 14:46
Group 1: Stock Performance - Silicon Motion (SIMO) shares increased by 12.4% to close at $105.21, with notable trading volume compared to typical sessions, contrasting with a 0.8% gain over the past four weeks [1] Group 2: Product Development and Market Position - Silicon Motion has expanded its SSD controller program with PC OEMs and is launching next-generation enterprise-class SSD controllers, indicating strong momentum in the embedded storage market [2] - The company anticipates growth in eMMC 5.1 controller sales as market trends shift from eMMC 4.5 to eMMC 5.0, supported by an expanding customer base and innovative products [3] - Over the last decade, Silicon Motion has shipped over five billion controllers, more than any other company globally, with annual shipments exceeding 750 million NAND controllers [3] Group 3: Financial Expectations - The company is expected to report quarterly earnings of $1.31 per share, reflecting a year-over-year increase of 44%, with revenues projected at $260.55 million, up 36.3% from the previous year [4] - The consensus EPS estimate for Silicon Motion has remained unchanged over the last 30 days, indicating that stock price movements may be influenced by trends in earnings estimate revisions [5]