Share on StockTwits

Silicon Image (NASDAQ:SIMG) was upgraded by equities researchers at Needham & Company LLC to a “buy” rating in a research report issued on Thursday.

Silicon Image (NASDAQ:SIMG) opened at 4.99 on Thursday. Silicon Image has a 52-week low of $4.52 and a 52-week high of $7.16. The stock has a 50-day moving average of $5.02 and a 200-day moving average of $5.74. The company has a market cap of $390.9 million and a P/E ratio of 31.03.

Silicon Image (NASDAQ:SIMG) last announced its earnings results on Wednesday, July 30th. The company reported $0.04 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.04. The company had revenue of $59.50 million for the quarter, compared to the consensus estimate of $62.00 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was down 19.3% on a year-over-year basis. On average, analysts predict that Silicon Image will post $0.27 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.