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Stock impact report

Silicon Motion: Further Upside Beckons As Demand For Enterprise-Grade SSDs Steps Up [Seeking Alpha]

Silicon Motion Technology Corporation - American Depositary Shares, each representing four ordinary shares (SIMO) 
Last silicon motion technology corporation - american depositary shares, each representing four ordinary shares earnings: 4/28 06:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.siliconmotion.com
Company Research Source: Seeking Alpha
For the upcoming Q1, SIMO is guiding for 5-10% QoQ revenue growth in what has traditionally been their seasonally weakest quarter, while liquidation of elevated inventory could abet operating cash. Despite a forward P/E of 25x, SIMO's near 60% forward earnings growth yields a compelling PEG of less than 0.5x, which is more attractive than MRVL. Technically, SIMO is trading above key moving averages with strong momentum and looks set for an imminent breakout from its long-standing ascending channel. mady70/iStock via Getty Images Background Back in October 2023, I had initiated coverage on Silicon Motion Technology Corporation ( SIMO ), which enjoys leadership credentials in the development of NAND flash memory controllers for SSDs [solid-state drives]. My bullish call on SIMO, which Show less Read more
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