Breaking News

Over a week ago
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Conference/Events
Silicon Motion participates in a conference call with Wedbush » 11:25
09/07/21
09/07
11:25
09/07/21
11:25
SIMO

Silicon Motion

$77.25 /

+1.73 (+2.29%)

Hardware Analyst Bryson…

Hardware Analyst Bryson holds a conference call with CFO Lai and Director of Investor Relations & Strategy Chaney on September 7 at 12 pm hosted by Wedbush.

ShowHide Related Items >><<
SIMO Silicon Motion
$77.25 /

+1.73 (+2.29%)

09/07/21 B. Riley
Silicon Motion in 'early innings' of 'structural inflections,' says B. Riley
08/13/21 Wedbush
Western Digital, Silicon Motion should be bought on pullback, says Wedbush
08/12/21 Morgan Stanley
Silicon Motion upgraded to Equal Weight from Underweight at Morgan Stanley
08/02/21 Craig-Hallum
Silicon Motion price target raised to $120 from $100 at Craig-Hallum
SIMO Silicon Motion
$77.25 /

+1.73 (+2.29%)

Recommendations
Silicon Motion in 'early innings' of 'structural inflections,' says B. Riley » 07:42
09/07/21
09/07
07:42
09/07/21
07:42
SIMO

Silicon Motion

$75.46 /

-0.14 (-0.19%)

B. Riley analyst Craig…

B. Riley analyst Craig Ellis reiterates a Buy rating on Silicon Motion with a $110 price target saying the stock's valuation remains attractive. The analyst continues to see "three powerful early-innings structural inflections:" an SK Hynix and Samsung embedded multimedia card market withdrawal, a NAND manufacturing "flip" from internal to external SSD controller development favoring Silicon Motion, and the multi-year high average selling price PCIe Gen-4 product cycle kick-off in Q3 with its "significant" 2022 customer diversification.

ShowHide Related Items >><<
SIMO Silicon Motion
$75.46 /

-0.14 (-0.19%)

08/13/21 Wedbush
Western Digital, Silicon Motion should be bought on pullback, says Wedbush
08/12/21 Morgan Stanley
Silicon Motion upgraded to Equal Weight from Underweight at Morgan Stanley
08/02/21 Craig-Hallum
Silicon Motion price target raised to $120 from $100 at Craig-Hallum
08/02/21 B. Riley
Silicon Motion price target raised to $110 from $94 at B. Riley
SIMO Silicon Motion
$75.46 /

-0.14 (-0.19%)

Conference/Events
Silicon Motion participates in a conference call with Wedbush » 04:55
09/07/21
09/07
04:55
09/07/21
04:55
SIMO

Silicon Motion

$75.46 /

-0.14 (-0.19%)

Hardware Analyst Bryson…

Hardware Analyst Bryson holds a conference call with CFO Lai and Director of Investor Relations & Strategy Chaney on September 7 at 12 pm hosted by Wedbush.

ShowHide Related Items >><<
SIMO Silicon Motion
$75.46 /

-0.14 (-0.19%)

08/13/21 Wedbush
Western Digital, Silicon Motion should be bought on pullback, says Wedbush
08/12/21 Morgan Stanley
Silicon Motion upgraded to Equal Weight from Underweight at Morgan Stanley
08/02/21 Craig-Hallum
Silicon Motion price target raised to $120 from $100 at Craig-Hallum
08/02/21 B. Riley
Silicon Motion price target raised to $110 from $94 at B. Riley
SIMO Silicon Motion
$75.46 /

-0.14 (-0.19%)

Conference/Events
Silicon Motion participates in a conference call with Wedbush » 16:12
09/01/21
09/01
16:12
09/01/21
16:12
SIMO

Silicon Motion

$75.41 /

+0.81 (+1.09%)

Hardware Analyst Bryson…

Hardware Analyst Bryson holds a conference call with CFO Lai and Director of Investor Relations & Strategy Chaney on September 7 at 12 pm hosted by Wedbush.

ShowHide Related Items >><<
SIMO Silicon Motion
$75.41 /

+0.81 (+1.09%)

08/13/21 Wedbush
Western Digital, Silicon Motion should be bought on pullback, says Wedbush
08/12/21 Morgan Stanley
Silicon Motion upgraded to Equal Weight from Underweight at Morgan Stanley
08/02/21 Craig-Hallum
Silicon Motion price target raised to $120 from $100 at Craig-Hallum
08/02/21 B. Riley
Silicon Motion price target raised to $110 from $94 at B. Riley
SIMO Silicon Motion
$75.41 /

+0.81 (+1.09%)

Over a month ago
Recommendations
Western Digital, Silicon Motion should be bought on pullback, says Wedbush » 08:41
08/13/21
08/13
08:41
08/13/21
08:41
WDC

Western Digital

$62.38 /

-4.33 (-6.49%)

, SIMO

Silicon Motion

$74.09 /

-1.85 (-2.44%)

, MU

Micron

$70.25 /

-4.79 (-6.38%)

Wedbush analyst Matt…

Wedbush analyst Matt Bryson points to a combination of new Trendforce estimates calling for DRAM pricing to be flat to down 5% in calendar Q4 combined with comments from Micron (MU) CFO Dave Zinsner suggesting that there has been some building of DRAM inventory at PC and mobile customers as the reason for a selloff in memory stocks earlier this week, adding that the "situation culminated in a substantial drop yesterday" in shares of both Micron and Western Digital (WDC) due to a competitor firm's downgrade of the DRAM space. While he doesn't disagree that there is wider variance in DRAM expectations for the end of the year than had been the case a month or two ago, he continues to have "a generally more constructive view on memory," Bryson tells investors. While he is not yet ready to turn positive on Micron, the decline in the stock's value "certainly makes the stock more attractive," Bryson added. He also reiterates a positive view on both Western Digital and Silicon Motion (SIMO) and would add to positions in both on the recent pullback. Bryson keeps a Neutral rating on Micron and Outperform ratings on Western Digital and Silicon Motion.

ShowHide Related Items >><<
WDC Western Digital
$62.38 /

-4.33 (-6.49%)

MU Micron
$70.25 /

-4.79 (-6.38%)

WDC Western Digital
$62.38 /

-4.33 (-6.49%)

08/05/21 Craig-Hallum
Western Digital price target raised to $101 from $95 at Craig-Hallum
08/05/21 Wedbush
Western Digital price target raised to $95 from $90 at Wedbush
08/05/21 Susquehanna
Western Digital price target lowered to $140 from $155 at Susquehanna
08/05/21 Mizuho
Western Digital price target raised to $92 from $90 at Mizuho
SIMO Silicon Motion
$74.09 /

-1.85 (-2.44%)

08/12/21 Morgan Stanley
Silicon Motion upgraded to Equal Weight from Underweight at Morgan Stanley
08/02/21 Craig-Hallum
Silicon Motion price target raised to $120 from $100 at Craig-Hallum
08/02/21 B. Riley
Silicon Motion price target raised to $110 from $94 at B. Riley
08/02/21 Needham
Silicon Motion price target raised to $115 from $100 at Needham
MU Micron
$70.25 /

-4.79 (-6.38%)

08/13/21 Evercore ISI
Micron price target lowered to $100 at Evercore ISI, removed from Top Picks list
08/13/21 Evercore ISI
Applied Materials added to Top Picks List at Evercore ISI
08/12/21
Fly Intel: Top five analyst downgrades
08/12/21 Morgan Stanley
Morgan Stanley cuts Micron to Equal Weight, says 'Winter Is Coming' in memory
WDC Western Digital
$62.38 /

-4.33 (-6.49%)

SIMO Silicon Motion
$74.09 /

-1.85 (-2.44%)

MU Micron
$70.25 /

-4.79 (-6.38%)

WDC Western Digital
$62.38 /

-4.33 (-6.49%)

MU Micron
$70.25 /

-4.79 (-6.38%)

WDC Western Digital
$62.38 /

-4.33 (-6.49%)

MU Micron
$70.25 /

-4.79 (-6.38%)

WDC Western Digital
$62.38 /

-4.33 (-6.49%)

MU Micron
$70.25 /

-4.79 (-6.38%)

Upgrade
Silicon Motion upgraded to Equal Weight from Underweight at Morgan Stanley » 05:37
08/12/21
08/12
05:37
08/12/21
05:37
SIMO

Silicon Motion

$75.88 /

+0.48 (+0.64%)

Morgan Stanley analyst…

Morgan Stanley analyst Ray Wu upgraded Silicon Motion to Equal Weight from Underweight with a price target of $78, up from $68. Market share gains and better product mix should help Silicon Motion to counter the downcycle into 2022, Wu tells investors in a research note. The analyst believes Silicon Motion can reach over $1B in revenue in 2022 with EPS of over $6.

ShowHide Related Items >><<
SIMO Silicon Motion
$75.88 /

+0.48 (+0.64%)

08/02/21 Craig-Hallum
Silicon Motion price target raised to $120 from $100 at Craig-Hallum
08/02/21 B. Riley
Silicon Motion price target raised to $110 from $94 at B. Riley
08/02/21 Needham
Silicon Motion price target raised to $115 from $100 at Needham
05/20/21
Fly Intel: Top five analyst downgrades
SIMO Silicon Motion
$75.88 /

+0.48 (+0.64%)

Recommendations
Silicon Motion price target raised to $120 from $100 at Craig-Hallum » 08:35
08/02/21
08/02
08:35
08/02/21
08:35
SIMO

Silicon Motion

$74.93 /

+10.66 (+16.59%)

Craig-Hallum analyst…

Craig-Hallum analyst Anthony Stoss raised the firm's price target on Silicon Motion to $120 from $100 and keeps a Buy rating on the shares. The analyst notes Silicon Motion raised full year 2021 guidance significantly above Street estimates and announced that they have over $1.5B in orders already for next year and expects orders to continue to grow.

ShowHide Related Items >><<
SIMO Silicon Motion
$74.93 /

+10.66 (+16.59%)

SIMO Silicon Motion
$74.93 /

+10.66 (+16.59%)

08/02/21 B. Riley
Silicon Motion price target raised to $110 from $94 at B. Riley
08/02/21 Needham
Silicon Motion price target raised to $115 from $100 at Needham
05/20/21
Fly Intel: Top five analyst downgrades
05/19/21 Morgan Stanley
Silicon Motion downgraded to Underweight from Equal Weight at Morgan Stanley
SIMO Silicon Motion
$74.93 /

+10.66 (+16.59%)

Recommendations
Silicon Motion price target raised to $110 from $94 at B. Riley » 07:51
08/02/21
08/02
07:51
08/02/21
07:51
SIMO

Silicon Motion

$74.93 /

+10.66 (+16.59%)

B. Riley analyst Craig…

B. Riley analyst Craig Ellis raised the firm's price target on Silicon Motion to $110 from $94 and keeps a Buy rating on the shares post the Q2 results. Higher order conversion, upside fab support, and improved margin/mix, pricing and lower back-end costs are sources of upside estimate potential, Ellis tells investors in a research note.

ShowHide Related Items >><<
SIMO Silicon Motion
$74.93 /

+10.66 (+16.59%)

SIMO Silicon Motion
$74.93 /

+10.66 (+16.59%)

08/02/21 Needham
Silicon Motion price target raised to $115 from $100 at Needham
05/20/21
Fly Intel: Top five analyst downgrades
05/19/21 Morgan Stanley
Silicon Motion downgraded to Underweight from Equal Weight at Morgan Stanley
05/07/21 B. Riley
Silicon Motion price target raised to $94 from $88 at B. Riley
SIMO Silicon Motion
$74.93 /

+10.66 (+16.59%)

Recommendations
Silicon Motion price target raised to $115 from $100 at Needham » 07:19
08/02/21
08/02
07:19
08/02/21
07:19
SIMO

Silicon Motion

$74.93 /

+10.66 (+16.59%)

, TSM

TSMC

$116.65 /

+0.51 (+0.44%)

Needham analyst Rajvindra…

Needham analyst Rajvindra Gill raised the firm's price target on Silicon Motion (SIMO) to $115 from $100 and keeps a Buy rating on the shares. The company reported a "strong" Q2 and also raised its FY21 revenue outlook, while its sales run-rate is seen exceeding $1B as soon as Q4, the analyst tells investors in a research note. Silicon Motion also looks to have secured enough capacity at TSMC (TSM) to deliver at least $1.5B in sales next year with incremental capacity allocations, Gill adds.

ShowHide Related Items >><<
TSM TSMC
$116.65 /

+0.51 (+0.44%)

SIMO Silicon Motion
$74.93 /

+10.66 (+16.59%)

SIMO Silicon Motion
$74.93 /

+10.66 (+16.59%)

05/20/21
Fly Intel: Top five analyst downgrades
05/19/21 Morgan Stanley
Silicon Motion downgraded to Underweight from Equal Weight at Morgan Stanley
05/07/21 B. Riley
Silicon Motion price target raised to $94 from $88 at B. Riley
05/06/21 Needham
Needham ups Silicon Motion target to $100, says buy the weakness
TSM TSMC
$116.65 /

+0.51 (+0.44%)

07/19/21 Morgan Stanley
Texas Instruments price target raised to $185 from $176 at Morgan Stanley
07/06/21 Citi
Intel outsourcing chips to TSMC will help gain back share, says Citi
06/30/21
Fly Intel: Top five analyst upgrades
06/30/21 Susquehanna
TSMC upgraded to Neutral from Negative at Susquehanna
TSM TSMC
$116.65 /

+0.51 (+0.44%)

SIMO Silicon Motion
$74.93 /

+10.66 (+16.59%)

TSM TSMC
$116.65 /

+0.51 (+0.44%)

TSM TSMC
$116.65 /

+0.51 (+0.44%)

TSM TSMC
$116.65 /

+0.51 (+0.44%)

Earnings
Silicon Motion sees 2021 revenue $890M-$971M, consensus $813.78M » 11:13
07/30/21
07/30
11:13
07/30/21
11:13
SIMO

Silicon Motion

$69.79 /

+5.515 (+8.58%)

Sees 2021 non-GAAP gross…

Sees 2021 non-GAAP gross margin 49.5%-50.5%. The company said, "We are upsizing our previous full-year revenue guidance as we expect to continue our focus of selling higher-value products. We believe that this focused approach will also lead to better gross profitability and deliver strong SSD controller market share gains."

ShowHide Related Items >><<
SIMO Silicon Motion
$69.79 /

+5.515 (+8.58%)

SIMO Silicon Motion
$69.79 /

+5.515 (+8.58%)

05/20/21
Fly Intel: Top five analyst downgrades
05/19/21 Morgan Stanley
Silicon Motion downgraded to Underweight from Equal Weight at Morgan Stanley
05/07/21 B. Riley
Silicon Motion price target raised to $94 from $88 at B. Riley
05/06/21 Needham
Needham ups Silicon Motion target to $100, says buy the weakness
SIMO Silicon Motion
$69.79 /

+5.515 (+8.58%)

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.