Silicon Motion: NAND Flash Is Coming Back - Initiating With A Buy [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
I expect this upside will be driven by Silicon Motion's position as a global supplier of NAND flash controllers during a moment where pricing and unit demand should recover. The company raised its FY2024 revenue outlook to $800 million to $830 million for a 25-30% year-over-year growth rate, versus the earlier guidance for 20-25% growth. I share my thoughts on Silicon Motion stock here and why I think it has more upside in 2024. Investment thesis Silicon Motion Technology Corp. ( NASDAQ: SIMO ) reported its first quarter of FY2024 results earlier this month; I'm initiating Silicon Motion with a buy heading further into FY2024 as I see more upside potential for the stock. I expect this upside Recommended For You Recommended For You About SIMO Stock More on SIMO Related Stocks Trending Analysis Trending News
Show less
Read more
Impact Snapshot
Event Time:
SIMO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SIMO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SIMO alerts
High impacting Silicon Motion Technology Corporation - American Depositary Shares, each representing four ordinary shares news events
Weekly update
A roundup of the hottest topics
SIMO
News
- Nand Flash Market size is set to grow by USD 18.8 billion from 2024-2028, Rising demand for nand flash in automotive industry boost the market, TechnavioPR Newswire
- Is Silicon Motion Technology Corporation (SIMO) Well-Positioned to Capitalize Growth? [Yahoo! Finance]Yahoo! Finance
- Why Silicon Motion (SIMO) Dipped More Than Broader Market Today [Yahoo! Finance]Yahoo! Finance
- Are Computer and Technology Stocks Lagging Silicon Motion Technology (SIMO) This Year? [Yahoo! Finance]Yahoo! Finance
- Silicon Motion Technology (NASDAQ:SIMO) shareholders notch a 19% CAGR over 5 years, yet earnings have been shrinking [Yahoo! Finance]Yahoo! Finance
SIMO
Earnings
- 5/2/24 - Beat
SIMO
Sec Filings
- 6/7/24 - Form 144
- 5/30/24 - Form SD
- 5/13/24 - Form 144
- SIMO's page on the SEC website