News coverage about Silicon Motion Technology Corporation (NASDAQ:SIMO) has been trending positive on Friday, Alpha One reports. Alpha One, a service of Accern, ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Silicon Motion Technology Corporation earned a media sentiment score of 0.31 on Alpha One’s scale. Alpha One also gave news coverage about the semiconductor producer an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Alpha One’s analysis:
- Zooming in on the Numbers for Silicon Motion Technology Corporation (NASDAQ:SIMO) – Jonesboro Recorder (jonesbororecorder.com)
- Silicon Motion Technology Corp (SIMO) Seeing Increased Volatility in Session – Evergreen Caller (evergreencaller.com)
- How Silicon Motion Technology Corporation’s (SIMO) 26.2% ROE Fares Against The Industry? (simplywall.st)
- Silicon Motion Technology Corporation (SIMO) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
- Ledyard National Bank Cut Its Mckesson (MCK) Stake by $476420; Share Price Rose; As Silicon Motion Technology … – BZ Weekly (bzweekly.com)
SIMO has been the topic of several recent analyst reports. Standpoint Research raised shares of Silicon Motion Technology Corporation from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Tuesday, March 7th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Silicon Motion Technology Corporation from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Friday, May 5th. Needham & Company LLC reissued a “buy” rating and issued a $56.00 target price (down from $60.00) on shares of Silicon Motion Technology Corporation in a report on Tuesday, April 11th. Pacific Crest raised their target price on shares of Silicon Motion Technology Corporation from $51.00 to $53.00 and gave the company an “overweight” rating in a report on Monday, May 1st. Finally, Loop Capital reissued a “buy” rating and issued a $61.00 target price (up from $53.00) on shares of Silicon Motion Technology Corporation in a report on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $57.56.
Shares of Silicon Motion Technology Corporation (NASDAQ:SIMO) traded down 2.18% during midday trading on Friday, hitting $51.59. 383,678 shares of the company traded hands. Silicon Motion Technology Corporation has a 52 week low of $37.37 and a 52 week high of $56.25. The stock has a 50 day moving average of $50.99 and a 200-day moving average of $45.44. The stock has a market capitalization of $1.83 billion, a PE ratio of 16.55 and a beta of 0.70.
About Silicon Motion Technology Corporation
Silicon Motion Technology Corporation is a fabless semiconductor company. The Company designs, develops and markets low-power semiconductor solutions to original equipment manufacturers (OEMs) and other customers in the mobile storage and mobile communications markets. It is engaged in developing negative-AND (NAND) flash controller integrated circuits (ICs) for solid-state storage devices and specialty radio frequency (RF) ICs for mobile devices.
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