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Fly News Breaks for January 19, 2018
SIMO
Jan 19, 2018 | 08:51 EDT
Craig-Hallum analyst Anthony Stoss believes the recent selloff in shares of Silicon Motion has no merit, making the stock "too cheap" and pushing it to a level where it should be bought. He thinks estimates will likely move higher throughout the year as more NAND supply continues to come online, Stoss tells investors. The analyst, who also predicts a rebound in high margin Client SSDs should drive EPS growth, reiterates his Buy rating and $60 price target on Silicon Motion shares.
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