Silicon Motion Tech (SIMO) Tops Q2 EPS by 9c, Offers Outlook
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Silicon Motion (SIMO) PT Raised to $32 at Needham & Company Post Q2 'Beat and Raise'
July 29, 2014 12:24 PM EDTNeedham & Company analyst Rajvindra Gill reiterated a Buy rating on Silicon Motion Technology (NASDAQ: SIMO) and boosted his price target to $32.00 (from $28.00) following a significant beat and raise quarter, with upside coming from eMMC, SSD, and to a lesser extent LTE.
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