Silicon Motion Technology (SIMO) Declares $0.30 Quarterly Dividend; 3.2% Yield
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Silicon Motion Technology (SIMO) PT Lowered to $26 at Nomura/Instinet
January 30, 2019 8:24 AM ESTNomura/Instinet analyst Donnie Teng lowered the price target on Silicon Motion Technology (NASDAQ: SIMO) to $26.00 (from $35.00) while maintaining a Reduce rating.
Simos stock has corrected close to 40% since mid-Aug 2018 due to the correction in the overall tech sector; eMMC controller share loss; and slow enterprise SSD progress.
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