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.

Earnings data Q4 2020

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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.

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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.

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.

Does Silicon Motion (SIMO) Have the Potential to Rally 44.07% as Wall Street Analysts Expect?

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/.

SIMO Investors Have Opportunity to Lead Silicon Motion Technology Corporation Securities Fraud Lawsuit

NEW YORK , Oct. 25, 2023 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Silicon Motion Technology Corporation ("Silicon Motion" or "the Company") (NASDAQ: SIMO) and certain of its officers. Class Definition: This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Silicon Motion securities between June 6, 2023 and July 26, 2023, inclusive (the "Class Period").

SIMO INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Silicon Motion Technology Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!

NEW YORK , Oct. 25, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Silicon Motion Technology Corporation ("Silicon Motion" or the "Company") (NASDAQ: SIMO). Such investors are advised to contact Robert S.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Silicon Motion Technology Corporation - SIMO

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If you purchased or acquired securities in Silicon Motion stock or options between June 6, 2023 and July 26, 2023 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330  (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/SIMO.

SILICON MOTION INVESTOR DEADLINE APPROACHING: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Silicon Motion To Contact Him Directly To Discuss Their Options

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The average of price targets set by Wall Street analysts indicates a potential upside of 32.1% in Silicon Motion (SIMO). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Predict a 32.13% Upside in Silicon Motion (SIMO): Here's What You Should Know

Silicon Motion (SIMO) is bullish about a more robust market recovery in the second half of 2023.

Silicon Motion (SIMO) Preliminary Q3 Results Show Higher Revenues

SILICON MOTION INVESTOR ALERT: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Silicon Motion To Contact Him Directly To Discuss Their Options

TAIPEI, Taiwan and MILPITAS, Calif., Oct. 06, 2023 (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 third quarter financial results, sequential revenue growth is expected to be slightly above the high-end of its original guidance range of 15% to 20%, which the company issued on July 28, 2023. Gross margin (non-GAAP) is expected to be similar sequentially and in-line with the original guidance range.

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

TAIPEI, Taiwan and MILPITAS, Calif., Oct. 05, 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, today commenced an arbitration against MaxLinear, Inc. for breaching its May 5, 2022 agreement to acquire the Company (the “Merger Agreement”).

Silicon Motion Files Notice of Arbitration Claim Against MaxLinear

Silicon Motion Technology Corporation has lost 22% of its value this year, but we feel things may pick up from here. Underlying conditions in the NAND flash market look set to improve, and Silicon Motion's GM weakness has likely bottomed out. Silicon Motion is priced at a 25% discount to its long-term P/E average, yet it looks poised to deliver 60% earnings CAGR between FY23 and FY25.

Silicon Motion Technology: A Few Reasons To Turn More Constructive

TAIPEI, Taiwan and MILPITAS, Calif., Sept. 21, 2023 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQGS: SIMO) (“Silicon Motion” or “the Company”) today disclosed additional details regarding MaxLinear's termination of its May 5, 2022 agreement to acquire the Company (the “Merger Agreement”).

Silicon Motion Provides Certain Details Regarding MaxLinear's Surprise Termination of the Merger Agreement

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) 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 purchased or otherwise 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 suffered a loss on your Silicon Motion investmen.

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Silicon Motion Technology Corporation (SIMO)

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming October 30, 2023 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased 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”). Investors suffering losses on their Silicon Motion investments are encouraged to contact the.

Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Silicon Motion Technology Corporation (SIMO)

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, announces that a class action lawsuit has been filed on behalf of investors who purchased or otherwise 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”). Silicon Motion investors have until October 31, 2023 to file a lead pla.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces the Filing of a Securities Class Action on Behalf of Silicon Motion Technology Corporation (SIMO) Investors

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased 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”). Silicon Motion investors have until October 30, 2023 to file a lead plaintiff motion. Investors suffering losses on their Silicon Motion investments.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Silicon Motion Technology Corporation (SIMO) Investors

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Silicon Motion Technology Corporation (“Silicon Motion” or the “Company”) (NASDAQ: SIMO) investors concerning the Company's possible violations of the federal securities laws. If you suffered a loss on your Silicon Motion investments or would like to inquire about potentially pursuing claims to recover your los.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Silicon Motion Technology Corporation (SIMO) on Behalf of Investors

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