Silicon Image Downgraded by Needham & Company to “Hold” (SIMG)
Silicon Image (NASDAQ:SIMG) was downgraded by research analysts at Needham & Company from a “buy” rating to a “hold” rating in a report released on Friday, TheFlyOnTheWall.com reports. They currently have a $6.50 price target on the stock. Needham & Company’s price objective indicates a potential upside of 16.28% from the stock’s previous close.
Shares of Silicon Image (NASDAQ:SIMG) traded down 1.06% on Friday, hitting $5.59. 1,852,106 shares of the company’s stock traded hands. Silicon Image has a 52 week low of $4.51 and a 52 week high of $6.28. The stock has a 50-day moving average of $5.82 and a 200-day moving average of $5.50. The company has a market cap of $432.5 million and a P/E ratio of 37.42.
Silicon Image (NASDAQ:SIMG) last released its earnings data on Friday, January 31st. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The company had revenue of $61.40 million for the quarter, compared to the consensus estimate of $60.98 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. On average, analysts predict that Silicon Image will post $0.35 earnings per share for the current fiscal year.
Silicon Image, Inc (NASDAQ:SIMG) is a provider of connectivity solutions that enable the reliable distribution and presentation of HD content for mobile, consumer electronics (CE) and personal computer (PC) markets.
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