Ladenburg Thalmann Downgrades Silicon Motion Technology (SIMO) to Neutral

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Rosenblatt Securities Sees Continued Strength as Silicon Motion Technology (SIMO) Reports Upside to 1Q Outlook

April 7, 2016 11:28 AM EDT

Silicon Motion Technology (NASDAQ: SIMO) raised guidance on its March quarter sales to grow by 14-15% QoQ. This as opposed to the company's previous guidance of flat QoQ. Rosenblatt Securities believes that SIMOs upside came from its client SSD SoC. Also, management... More