Silicon Motion Technology

Silicon Motion Technology Corp. engages in the development, manufacture and supply of semiconductor products for the electronics market. The firm products include Flash Controllers, Storage Solutions, and others. It offers embedded and expandable storage, radio frequency integrated circuits and embedded graphics. The company was founded in November 1995 and is headquartered in Hong Kong.

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Silicon Motion reports robust Q3 results and outlines growth strategies

Silicon Motion Technology delivered strong financial performance in Q3, with revenue and earnings growth, stable margins, and a healthy cash position.
The company's focus on technology leadership, customer partnerships, and expansion into new markets underscores its commitment to innovation and growth.
While facing legal challenges and operational complexities, Silicon Motion has opportunities in new markets, product innovation, and shareholder value enhancement.
Strategic management of challenges, successful product rollouts, and effective cost control will be key to sustaining growth and profitability for Silicon Motion.

Silicon Motion (SIMO) beats Q4 expectations, eyes NAND market growth

Silicon Motion Technology (SIMO) delivered strong Q4 results, exceeding revenue and gross margin expectations.
Despite challenges in NAND pricing and revenue decline projections for Q1 2024, the company remains confident in its growth prospects.
Strategic organizational changes, new design wins, and partnerships position Silicon Motion well for revenue expansion and market competitiveness.
Continued focus on technology leadership, operational efficiency, and market collaborations present opportunities for sustained growth and profitability.

Silicon Motion Technology reports Q1 growth, eyes automotive expansion

Silicon Motion Technology (SIMO) showcased positive financial performance in Q1 2024, with expectations of revenue growth and margin improvements.
The company's strengths lie in its strong SSD controller business, market positioning for QLC adoption, and expansion in the automotive sector.
Challenges include addressing analyst inquiries, sustaining growth momentum, and successfully launching new products in competitive markets.
Opportunities include expanding automotive business, securing design wins, and driving MonTitan platform adoption in enterprise SSD.

Silicon Motion (SIMO) posts robust Q2 results, eyes future growth

Silicon Motion Technology (SIMO) delivered strong financial results in Q2 2024, with revenue and margins showing improvement, while maintaining a solid balance sheet.
The company's focus on innovative products like MonTitan and PCIe Gen5 controllers positions them well for future growth opportunities in the market.
Challenges lie in translating market momentum into sales, meeting revenue targets for Q3, and effectively managing inventory levels for sustained operations.

Silicon Motion reports strong Q3 results, eyes future growth opportunities

Silicon Motion Technology demonstrated robust financial performance in Q3 with revenue growth, margin expansion, and earnings improvement.
While facing near-term challenges such as increased operating expenses and projected revenue decline in Q4, the company remains optimistic about future demand growth.
Strategic strengths in operational efficiency, earnings growth, and financial stability position Silicon Motion well for future opportunities and market leadership.

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Silicon Motion Technology Corp. engages in the development, manufacture, and supply of semiconductor products for the electronics market. Its products include Flash Controllers, Storage Solutions, and others. It offers embedded and expandable storage, radio frequency integrated circuits and embedded graphics. The company was founded in November 1995 and is headquartered in Hong Kong.

Healthy demand trend for SSD controllers and eMMC embedded memory boosts Silicon Motion's (SIMO) revenue growth in fourth-quarter 2023.

Silicon Motion (SIMO) Q4 Earnings & Revenues Beat Estimates

Silicon Motion Technology Corporation (SIMO) Q4 2023 Earnings Call Transcript

Business Highlights Fourth quarter sales increased 17% Q/Q and increased 1% Y/Y SSD controller sales: 4Q increased 15% to 20% Q/Q and increased 0% to 5% Y/Y eMMC+UFS controller sales: 4Q increased 25% to 30% Q/Q and increased 20% to 25% Y/Y SSD solutions sales: 4Q decreased 5% to 10% Q/Q and decreased 45% to 50% Y/Y Announced annual cash dividend of $2.00 per ADS Financial Highlights   4Q 2023 GAAP 4Q 2023 Non-GAAP •   Net sales $202.4 million (+17% Q/Q, +1% Y/Y) $202.4 million (+17% Q/Q, +1% Y/Y) •   Gross margin 43.7% 44.1% •   Operating margin 8.7% 13.8% •   Earnings per diluted ADS $0.63 $0.93   Full Year 2023 GAAP Full Year 2023 Non-GAAP •   Net sales $639.1 million (-32% Y/Y) $639.1 million (-32% Y/Y) •   Gross margin 42.3% 43.0% •   Operating margin 6.2% 11.9% •   Earnings per diluted ADS $1.58 $2.27 TAIPEI, Taiwan and MILPITAS, Calif., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion”, the “Company” or “we”) today announced its financial results for the quarter ended December 31, 2023.

Silicon Motion Announces Results for the Period Ended December 31, 2023

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Silicon Motion (SIMO) could produce exceptional returns because of its solid growth attributes.

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Investors interested in stocks from the Electronics - Semiconductors sector have probably already heard of Silicon Motion (SIMO) and Nova Ltd. (NVMI). But which of these two companies is the best option for those looking for undervalued stocks?

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Silicon Motion (SIMO) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Here is Why Growth Investors Should Buy Silicon Motion (SIMO) Now

After reaching an important support level, Silicon Motion Technology Corporation (SIMO) could be a good stock pick from a technical perspective. SIMO recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.

Silicon Motion (SIMO) Just Flashed Golden Cross Signal: Do You Buy?

TAIPEI, Taiwan and MILPITAS, Calif., Jan. 05, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”), a global leader in NAND flash controllers for solid state storage devices, announces that based on its preliminary fourth quarter financial results, sequential revenue growth is expected to slightly exceed the high-end of its original guidance range of 10% to 15%, which the company issued on November 2, 2023. Gross margin (non-GAAP) is also expected to exceed the high-end the company's original 42.5% to 43.5% guidance range.

Silicon Motion Announces Preliminary Fourth Quarter 2023 Revenue and Earnings Conference Call Details

Silicon Motion (SIMO) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Silicon Motion (SIMO) Soars 5.1%: Is Further Upside Left in the Stock?

TAIPEI, Taiwan and MILPITAS, Calif., Dec. 18, 2023 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion,” the “Company” or “we”), a global leader in designing and marketing NAND flash controllers for solid-state storage devices, today, announced the election of Mr. Cain Lin to its board of directors (the “Board”) following the retirement of Mr. Yung-Chien Wang as well as the re-election of Mr. Steve Chen to its board of directors following the annual shareholders meeting on December 14, 2023.

Silicon Motion announces the Retirement of Mr. Yung-Chien Wang, the Appointment of Mr.

The dedicated business units will enable Silicon Motion (SIMO) to develop the most advanced controller technology and deliver industry-leading solutions to tap new market segments for long-term growth.

Silicon Motion (SIMO) Restructures Businesses to Spur Growth

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SiliconMotion has seemingly begun its rebound from lows reached earlier this year. The company is a way to play a rebound in PC and smartphone sales, with a bump perhaps coming from on-device AI.

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TAIPEI and MILPITAS, Calif. , Nov. 7, 2023 /PRNewswire/ -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) ("Silicon Motion"), a global leader in designing and marketing NAND flash controllers for solid-state storage devices, announces its participation at NXP Tech Days Detroit from November 7-8 at St. John's resort, Plymouth.

Silicon Motion Showcases Advanced Automotive NAND Flash Storage Solutions at NXP Tech Days Detroit

Silicon Motion Technology Corporation (NASDAQ:SIMO ) Q3 2023 Earnings Conference Call November 2, 2023 8:00 AM ET Company Participants Jason Tsai - Vice President of Investor Relations & Finance Wallace Kou - President & Chief Executive Officer Conference Call Participants Mehdi Hosseini - SIG Quinn Bolton - Needham & Company Anthony Stoss - Craig-Hallum Suji Desilva - ROTH MKM Gokul Hariharan - JPMorgan Matt Bryson - Wedbush Securities Ethan Widell - B. Riley Securities Operator Good day, and thank you for standing by.

Silicon Motion Technology Corporation (SIMO) Q3 2023 Earnings Call Transcript

Silicon Motion (SIMO) reports lower revenues year over year in the third quarter of 2023 due to weakness in various end markets. Improvement in channel inventory is a positive.

Silicon Motion (SIMO) Q3 Earnings Beat, Revenues Decline Y/Y

Business Highlights Third quarter sales increased 23% Q/Q and decreased 31% Y/Y SSD controller sales: 3Q increased 5% to 10% Q/Q and decreased 10% to 15% Y/Y eMMC+UFS controller sales: 3Q increased 100% to 105% Q/Q and decreased 40% to 45% Y/Y SSD solutions sales: 3Q decreased 5% to 10% Q/Q and decreased 30% to 35% Y/Y Financial Highlights   3Q 2023 GAAP 3Q 2023 Non-GAAP •   Net sales $172.3 million (+23% Q/Q, -31% Y/Y) $172.3 million (+23% Q/Q, -31% Y/Y) •   Gross margin 42.4% 42.5% •   Operating margin 8.7% 13.8% •   Earnings per diluted ADS $0.32 $0.63 TAIPEI, Taiwan and MILPITAS, Calif., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion”, the “Company” or “we”) today announced its financial results for the quarter ended September 30, 2023.

Silicon Motion Announces Results for the Period Ended September 30, 2023

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming October 31, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Silicon Motion Technology Corporation (“Silicon Motion” or the “Company”) (NASDAQ: SIMO) American Depositary Shares (“ADSs”) between June 6, 2023 and July 26, 2023, inclusive (the “Class Period”). If you are a shareholder who suffered a loss, click here to participate. On July 26,.

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Silicon Motion Technology Corporation (SIMO)

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TAIPEI, Taiwan and MILPITAS, Calif., Oct. 30, 2023 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO)(“Silicon Motion” or the “Company”), a global leader in designing and marketing NAND flash controllers for solid state storage devices, announces today its annual cash dividend of $2.00 per ADS.

Silicon Motion Announces Annual Cash Dividend Payable Quarterly

The consensus price target hints at a 44.1% upside potential for Silicon Motion (SIMO). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

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LOS ANGELES , Oct. 26, 2023 /PRNewswire/ -- Glancy Prongay & Murray LLP ("GPM") announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Silicon Motion Technology Corporation ("Silicon Motion" or the "Company") (NASDAQ: SIMO). Class Period: June 6, 2023 – July 26, 2023 Lead Plaintiff Deadline: October 31, 2023 If you wish to serve as lead plaintiff of the Silicon Motion lawsuit, you can submit your contact information at www.glancylaw.com/cases/Silicon-Motion-Technology-Corporation/.

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