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BidaskClub downgraded Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) to Sell in a report released today.

BidaskClub has downgraded Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) to Sell in a report released on 7/08/2017.

Yesterday Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) traded 0.31% higher at $44.70. The company’s 50-day moving average is $44.59 and its 200-day moving average is $45.77. The last closing price is down -7.15% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. 408,590 shares of the stock were exchanged, down from an average trading volume of 653,948

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Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO)

Silicon Motion Technology Corp. (ADR) has a 52 week low of $37.37 and a 52 week high of $56.25 with a P/E ratio of 14.37 The company’s market cap is currently $0.

Also covering Silicon Motion Technology Corp. (ADR)'s target, a total of 12 equity analysts have released a research note on the company. The average stock price target is $41.81 with 1 analyst rating the company a strong buy, ten analysts rating the company a buy, 2 brokers rating the stock a hold, 1 equity analyst rating the company a underperform, and lastly zero equity analysts rating the company a sell.

Brief Synopsis About Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO)

Silicon Motion Technology Corporation is a fabless semiconductor company. The Company designs, develops and markets low-power semiconductor solutions to original equipment manufacturers (OEMs) and other customers in the mobile storage and mobile communications markets. It is engaged in developing negative-AND (NAND) flash controller integrated circuits (ICs) for solid-state storage devices and specialty radio frequency (RF) ICs for mobile devices. In the mobile storage market, the Company's products are controllers used in embedded storage products, such as Solid State Drives (SSDs), and Embedded Multimedia Cards (eMMCs), as well as expandable storage products, such as flash memory cards and universal serial bus (USB) flash drives. For the mobile communications market, the Company's products are handset transceivers and mobile television (TV) System on Chips (SoCs). The Company's products are used in devices, such as smartphones, tablets and personal computers (PCs).

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