The Latest Breaking News from Silicon Motion Technology Corporation

The semiconductor industry is booming in 2024, and three lesser-known stocks - Silicon Motion Technology, SMART Global Holdings, and Tower Semiconductor - are strategically positioned to ride the growth wave, offering upside potential between 17% and 51%.

After a solid second-quarter performance, Silicon Motion Technology (SIMO) is poised for continued growth and profitability, driven by the ongoing strength of its expanding NAND OEM business and strategic product innovations. Amid surging competition and economic uncertainty, let’s find out if it’s ideal to add SIMO to your watchlist for…

Looking for a sector play that could break out in 2024? This article considers 3 semiconductor stocks that could do just that.

MaxLinear, Inc (NASDAQ:MXL) has agreed to acquire fellow chipmaker Silicon Motion Technology Corporation (NASDAQ:SIMO) for $114.34 per ADS in cash and stock.  The price represents a 48% premium to the undisturbed market value as of April 22, 2022, in cash and stock transaction, valuing Silicon Motion at $3.8 billion. Silicon Motion makes NAND flash controllers…

Amid surging inflation and a rising interest rate environment, which continue to dampen investor sentiment, dividend investing is gaining popularity. Wall Street analysts expect fundamentally strong dividend stocks Ambev (ABEV), Silicon Motion (SIMO), and Diana Shipping (DSX) to rally by more than 56% in price in the coming months. So,…