The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Silicon Motion (SIMO) .Silicon Motion currently has an average br ...

Silicon Motion (SIMO) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this chip company have returned -27.9% over the past month versus the Zacks S&P 500 composite's -5.9% change. The Zacks Electronics - Semiconductors industry, to which Silicon Motion belongs, has lost 18.1% over this period. Now the key question is: Where could the stock be headed in th ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Sc ...

Silicon Motion 2Q24 Earnings Highlights NASDAQ: SIMO August 2, 2024 Safe Harbor Statement This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, without limitation, statements regarding trends in the consumer electronics and semiconductor industries, any future growth projections or expectations in such markets and our futu ...

Silicon Motion Technology Corporation (SIMO) reported strong second-quarter 2024 results, wherein both the top and bottom lines surpassed the Zacks Consensus Estimate. The leading merchant supplier of client SSD (Solid State Drive) controllers witnessed top-line growth driven by healthy demand trends.Net IncomeOn a GAAP basis, net income improved to $30.8 million or 91 cents per American depositary share (ADS) from $11 million or 33 cents per ADS in the prior-year quarter. Higher net sales across various en ...

文章核心观点 - 公司第二季度营收和利润均超预期,主要得益于SSD控制器和eMMC+UFS控制器业务的强劲表现 [3][5] - 公司预计第三季度和全年营收和利润将继续保持增长,主要受益于NAND OEM业务的持续增长 [10][11] - 公司表示,新的NAND厂商客户项目有望在今年进一步扩大,为公司长期收入和利润增长奠定基础 [10] 财务数据总结 第二季度财务数据 - 营收2.107亿美元,环比增11%,同比增50% [3] - 毛利率45.9%,环比提升0.9个百分点 [6] - 营业利润率14.6%,环比提升5.1个百分点 [6] - 每股摊薄收益0.91美元,环比增0.43美元 [3] 前三季度财务数据 - 上半年营收3.999亿美元,同比增51% [22] - 上半年毛利率45.5%,同比提升4.4个百分点 [24] - 上半年营业利润率12.2%,同比提升9.4个百分点 [24] - 上半年净利率11.7%,同比提升3.7个百分点 [24] 业务数据总结 第二季度业务数据 - SSD控制器销售增0%至5%环比,增25%至30%同比 [1] - eMMC+UFS控制器销售增25%至30%环比,增190%至195%同比 [1] - SSD解决方案销售增20%至25%环比,下降5%至10%同比 [1] 未来展望 - 公司预计第三季度营收将环比下降2.5%至增长2.5%,同比增19%至25% [10] - 第三季度毛利率预计为46%至47%,营业利润率预计为14.3%至15.3% [10] - 全年营收预计800至830百万美元,同比增25%至30% [11] - 全年毛利率预计为46%至47%,营业利润率预计为14.8%至16.8% [11]

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/YeMMC+UFS controller sales:  2Q of 2024 increased 25% to 30% Q/Q and increased 190% to 195% Y/YSSD solutions sales:  2Q of 2024 increased 20% to 25% Q/Q and decreased 5% to 10% Y/Y Financial Highlights  2Q 2024 GAAP2Q 2024 Non-GAAP• Net sales$210.7 million (+11% Q/Q, +50% Y/Y)$210.7 million (+11% Q/Q, +50% Y/Y)• Gross margin45.9%46.0%•  ...

Silicon Motion (SIMO) has been beaten down lately with too much selling pressure. While the stock has lost 14.5% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator ...

Silicon Motion Technology Corporation (SIMO) is set to report second-quarter 2024 results on Aug 1, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 10.34%. It pulled off a trailing four-quarter earnings surprise of 4.72% on average. The leading developer of microcontroller ICs for NAND flash storage devices is expected to report a top-line expansion in the second quarter of 2024, backed by healthy demand for SSD (Solid State Drive) and eMMC+UFS controllers ...

In the latest market close, Silicon Motion (SIMO) reached $76.03, with a +1.18% movement compared to the previous day. The stock outpaced the S&P 500's daily gain of 1.08%. Meanwhile, the Dow experienced a rise of 0.32%, and the technology-dominated Nasdaq saw an increase of 1.58%.Prior to today's trading, shares of the chip company had lost 8.91% over the past month. This has lagged the Computer and Technology sector's loss of 4.77% and the S&P 500's gain of 0.43% in that time.Investors will be eagerly wat ...