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Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.

Zacks Investment Research has downgraded Silicon Motion Technology Corp. (ADR)(NASDAQ:SIMO) to Hold in a report released on 9/20/2016.

Previously on 4/20/2016, Susquehanna released a statement for Silicon Motion Technology Corp. (ADR)(NASDAQ:SIMO) upped the target price from $38.00 to $46.00. At the time, this indicated a possible upside of 0.13%.

Only yesterday Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) traded 0.64% higher at $50.54. The company’s 50-day moving average is $52.59 and its 200-day average is $45.22. The last close is up 11.64% relative to the two hundred day moving average, compared with the S&P 500 which has fallen -0.01% over the same time period. 349,791 shares of Silicon Motion Technology Corp. (ADR) traded, down from ann avg. volume of 655,684.

Recent Performance Graphic:

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

Silicon Motion Technology Corp. (ADR) has a 52 week low of $25.23 and a 52 week high of $56.25 with a P/E ratio of 22 and has a market capitalization of $0.0.

A total of 12 analysts have issued a report on the company. One firm rate the company a strong buy, 10 analysts rate the company a buy, two analyts rate the company a hold, one analyst rate the company to underperform, and finally 0 brokeragesrate the company as sell with an average target stock price of $41.81

General Information 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, and tablets and personal computers (PCs).

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