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Stock Market & Financial Investment News

News Breaks
September 5, 2012
06:21 EDTSIMOSilicon Motion initiated with a Buy at ThinkEquity
Target $20.
News For SIMO From The Last 14 Days
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August 28, 2015
09:00 EDTSIMOSilicon Motion management to meet with Pacific Crest
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August 20, 2015
13:08 EDTSIMOSilicon Motion management to meet with Craig-Hallum
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August 18, 2015
10:00 EDTSIMOOn The Fly: Analyst Downgrade Summary
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07:31 EDTSIMOSilicon Motion downgraded to Underperform from Buy at BofA/Merrill
BofA/Merrill downgraded Silicon Motion two notches to Underperform from Buy and lowered its price target to $19 from $37 on shares. The firm is more cautious on the memory chip sector given new developments of SK Group's "significantly higher capex budget" and Micron's unexpected FY16 capex hike. BofA/Merrill said excess capacity is now a concern and cut long-term earnings estimates for most memory chip stocks.
August 17, 2015
07:04 EDTSIMOSilicon Motion upgraded to Overweight from Sector Weight at Pacific Crest
Pacific Crest upgraded Silicon Motion to Overweight with a $32 price target based on growth opportunities and valuation. The firm is bullish on growth opportunities in client SSDs and greater market share, and views valuation as attractive.

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