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Fly News Breaks for January 24, 2017
SIMO
Jan 24, 2017 | 11:36 EDT
Roth Capital analyst Suji Desilva noted that near-term supply constraints hurt Silicon Motion's ability to ship hyperscale SSD solutions and that the company's Q1 revenue view missed consensus due to continued supply impacts on hyperscale SSD sales. However, growth expectations for the company's 2017 SSD and smartphone controller business remain unchanged and he expects the hyperscale SSD business to recover. Desilva maintains his Buy rating on Silicon Motion shares, which are down nearly 4% to $41.69 in late morning trading.
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