NASDAQ:SIMO

Silicon Motion Technology Stock News

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$319.00
-17.90 (-5.31%)
At Close: Jun 23, 2026
Silicon Motion Technology Corp. (NASDAQ: SIMO) is grappling with a significant blow as Bank of America (BofA) downgrades the stock from a Buy to an Underperform rating and slashes its price target fro
SIMO is a global leader in NAND flash and SSD controllers, leveraging its extensive patent portfolio to achieve consistent innovation, secure market dominance, and deliver strong long-term earnings. D
Zacks.com users have recently been watching Silicon Motion (SIMO) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
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The Company Also Showcases SSD Solutions for Enterprise, PC, and Automotive AI Applications TAIPEI and MILPITAS, Calif. , Aug. 5, 2024 /PRNewswire/ -- Silicon Motion Technology Corporation (NasdaqGS:
Silicon Motion (SIMO) reports solid second-quarter 2024 results, driven by healthy demand trends.
Business Highlights Second quarter of 2024 sales increased 11% Q/Q and increased 50% Y/Y SSD controller sales:  2Q of 2024 increased 0% to 5% Q/Q and increased 25% to 30% Y/Y eMMC+UFS controller sale
Silicon Motion (SIMO) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in rev
Silicon Motion (SIMO) is expected to report a top-line growth year over year in the second quarter, backed by rising demand for SSD controllers, as well as eMMC and UFS controllers.
Recently, Zacks.com users have been paying close attention to Silicon Motion (SIMO). This makes it worthwhile to examine what the stock has in store.

Best Growth Stocks to Buy for July 25th

07:16am, Thursday, 25'th Jul 2024
SIMO, DESP and PGR made it to the Zacks Rank #1 (Strong Buy) growth stocks list on July 25, 2024.

Best Growth Stocks to Buy for July 23rd

07:16am, Tuesday, 23'rd Jul 2024
SIMO, DESP and KBH made it to the Zacks Rank #1 (Strong Buy) growth stocks list on July 23, 2024.
Silicon Motion (SIMO) closed the most recent trading day at $76.03, moving +1.18% from the previous trading session.

Best Income Stocks to Buy for July 19th

10:05am, Friday, 19'th Jul 2024
JD, SIMO and SW made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 19, 2024.
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