Silicon Motion Technology Corporation (SIMO) reported healthy fourth-quarter 2023 results, with the bottom and the top line beating the Zacks Consensus Estimate. The leading developer of microcontroller ICs for NAND flash storage devices witnessed top-line growth driven by healthy demand trends. In addition, the company has executed some management changes to better navigate the volatile market conditions.Net IncomeOn a GAAP basis, net income in the reported quarter was $21.1 million or 63 cents per America ...