Loop Capital analyst Betsy Van Hees increased her price target on Silicon Motion (SIMO) to $61 from $53 as she views it as well positioned with leading NAND suppliers, particularly Intel (INTC), to benefit from improving NAND supply. The analyst, who continues to expect NAND supply to improve in the second half of this year, keeps a Buy rating on Silicon Motion.
Pre-earnings options volume in Intel is normal with calls leading puts 2:1. Implied volatility suggests the market is anticipating a move near 5.6%, or $1.96, after results are released. Median move over the past eight quarters is 7.8%.
Intel (INTC) is scheduled to report results of its fiscal first quarter after the market close on April 25, with a conference call scheduled for 5:00 pm ET. What to watch... To see the rest of the story go to thefly.com. See Story Here