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Fly News Breaks for January 24, 2017
SIMO
Jan 24, 2017 | 07:08 EDT
Loop Capital analyst Betsy Van Hees blames seasonality and tight NAND supply for Silicon Motion's Q1 guidance miss and said that while she misjudged the near-term negative impact from tight supply, she still believes the long-term story remains intact. While she awaits management clarity on the call on NAND supply and its revenue growth trajectory in the second half of the year, Van Hees keeps her Buy rating on Silicon Motion shares.
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