Silicon Motion Technology (SIMO) to Release Quarterly Earnings on Tuesday
Silicon Motion Technology (NASDAQ:SIMO) will issue its quarterly earnings data on Tuesday, January 28th. Investors interested in registering for the company’s conference call can do so using this link.
Silicon Motion Technology (NASDAQ:SIMO) opened at 14.92 on Monday. Silicon Motion Technology has a 52 week low of $9.90 and a 52 week high of $16.19. The stock has a 50-day moving average of $14.38 and a 200-day moving average of $12.72. The company has a market cap of $490.6 million and a P/E ratio of 17.22.
A number of research firms have recently commented on SIMO. Analysts at Needham & Company upgraded shares of Silicon Motion Technology from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, January 22nd. They now have a $18.00 price target on the stock. Analysts at Bank of America Corp. initiated coverage on shares of Silicon Motion Technology in a research note to investors on Friday, November 22nd. They set a “buy” rating and a $21.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $18.08.
Silicon Motion Technology Corporation (NASDAQ:SIMO) is a fabless semiconductor company that designs, develops and markets semiconductor solutions for the multimedia consumer electronics market.
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