Silicon Motion Technology Corporation, a fabless semiconductor company, designs, develops, and markets semiconductor solutions for the mobile storage and mobile communications markets worldwide. It offers embedded storage and expandable storage products, including NAND flash controllers, such as embedded MultiMediaCard (eMMC), client solid-state drive (SSD), flash memory card, and Universal Serial Bus flash drive controllers. The company also provides specialty storage solutions, such as customized enterprise-grade Peripheral Component Interconnect Express (PCIe) SSDs; and industrial-grade and commercial-grade single-chip SSDs. In addition, it offers specialty radio frequency integrated circuits (RF ICs), such as mobile TV system-on-chips and handset RF ICs. The companys products are used in smartphones, tablets, digital cameras, and desktop and notebook PCs, as well as in industrial, enterprise, commercial, and other applications. It offers its products under the SMI, Shannon Systems, Ferri SSD, Ferri-eMMC, and FCI brands. The company markets and sells its products through direct sales personnel and independent electronics distributors to original equipment manufacturers and module makers. Silicon Motion Technology Corporation was founded in 1995 and is headquartered in Zhubei City, Taiwan.
Silicon Motion Previews Better-Than-Expected Q3 Sales, Earnings http://www.investors.com/news/techn...views-better-than-expected-q3-sales-earnings/
Got a nice dip today. Updated earnings guidance (for next month), and it wasn't bad. Looks like games being played.
Breaking out to new ATH on this red day. Cowen upgraded it. The reported analyst estimate is -4.4% growth in the next 5 years; emphasis on the word reported. Someone has been acting contrary to what the public is supposed to know.
This has pretty much held the 200 sma, essentially only dipping below it intra-month (and that functioned to fill a gap). With the market looking up now, and a downtrend being broken, looks like you can get in at a good price.