Shares of Silicon Motion Technology Corporation (SIMO) saw an erosion of -0.12 points in recent session. During the trading, the value of each share was $38.99, dropping -0.29%. The shares saw high fund-flow as the composite value of all the upticks was $0.62 million and the total value of all the downticks was a mere $0.22 million. The net money flow was seen at $0.41 million and the up/down ratio was measured at 2.88. On a weekly basis the shares of the shares has recorded a change of -2.12%.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.
Silicon Motion Technology Corporation has lost 5.08% in the last five trading days and dropped 8.43% in the last 4 weeks. Silicon Motion Technology Corporation has dropped 3.76% during the last 3-month period . Year-to-Date the stock performance stands at -8.43%. Silicon Motion Technology Corporation (NASDAQ:SIMO) witnessed a decline in the market cap on Wednesday as its shares dropped 0.51% or 0.2 points. After the session commenced at $39.43, the stock reached the higher end at $39.65 while it hit a low of $37.37. With the volume soaring to 1,355,046 shares, the last trade was called at $38.9. The company has a 52-week high of $56.25. The company has a market cap of $1,357 million and there are 34,880,315 shares in outstanding. The 52-week low of the share price is $29.5.
Silicon Motion Technology Corp. (ADR) Last issued its quarterly earnings results on Jan 23, 2017. The company reported $0.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.05. Analyst had a consensus of $0.90. The company had revenue of $144.20 million for the quarter, compared to analysts expectations of $143.95 million. The companys revenue was up 47.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Silicon Motion Technology Corp. (ADR) was Downgraded by Nomura to Neutral on Jan 20, 2017. Silicon Motion Technology Corp. (ADR) was Resumed by Pacific Crest on Jan 3, 2017 to Overweight, Price Target of the shares are set at $54.Silicon Motion Technology Corp. (ADR) was Initiated by Loop Capital to Buy on Dec 6, 2016.
Silicon Motion Technology Corporation designs, develops and markets universally compatible and low-power semiconductor solutions for the multimedia consumer electronics market. The company sells its semiconductor solutions to original equipment manufacturers and design manufacturers worldwide.