If the merger with MaxLinear is approved, SIMO shareholders could see a 50% premium paid in cash and shares based on current prices. Read my analysis here.
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Shareholders gave their blessing, but a merger between SIMO and MXL has nonetheless become less likely due to pushback in China. Read more here.
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Silicon Motion Technology Corporation (NASDAQ:SIMO) marked $72.23 per share on Thursday, down from a previous closing price of $77.11. While Silicon Motion Technology Corporation has underperformed by -6.33%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SIMO fell by -4.15%, with highs and lows ranging from […]
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MaxLinear is acquiring Silicon Motion for $3.8 billion, creating a merger arbitrage opportunity worth watching.
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MaxLinear (MXL) was asked by China''s antitrust regulatory to refile for its planned $3.8 billion purchase of Silicon Motion (SIMO) under "normal procedure."On Wednesday, China''s…
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TAIPEI (dpa-AFX) - Silicon Motion Technology Corp. (SIMO), a Taiwanese provider of NAND flash controllers for solid state storage devices, announced that its shareholders, at its extraordinary gen…
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Silicon Motion has announced its new MonTitan SSD, a PCIe Gen5 SSD with up to 14GB/s of sequential read speed and 3M IOPS of random read performance. The SSD is available in capacities up to 128TB, making it one of the highest-capacity options on the market, and uses a NVMe 1.4 interface in a U.2 […] The post Silicon Motion’s new highly programmable platform sports 128TB capacity appeared first on TECHTELEGRAPH .
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MonTitan SM8366 is an absolute powerhouse, supporting up to 128TB of memory.
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TAIPEI (dpa-AFX) - Silicon Motion Technology Corp. (SIMO) revealed a profit for its second quarter that increased from the same period last year and beat the Street estimates.The company''s earning…
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Silicon Motion Earnings Beat, Revenue Misses In Q2
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Silicon Motion Technology Tops Q2 EPS by 13c
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Silicon Motion Technology (SIMO) is scheduled to announce Q2 earnings results on Wednesday, July 27th, after market close.The consensus EPS Estimate is $1.76 (+17.3% Y/Y) and the…
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Silicon Motion Technology (SIMO) declares $0.50/ADS quarterly dividend, in line with previous.
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Silicon Motion acquisition will not help MaxLinear due to weakening smartphone/PC markets and double ordering. See why we recommend selling MXL stock now.
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The macroeconomic and geopolitical environment remains fluid, impairing visibility into a turnaround in equity market sentiment. Tech stocks have led the current market downturn. The SPDR S&P Semiconductor ETF (NYSE: XSD ) has fallen about 35% year-to-date (YTD), signaling that chip stocks are in bear-market territory. In comparison, the SPDR S&P 500 ETF Trust (NYSE: SPY ) and the Invesco QQQ Trust (NASDAQ: QQQ ) are down about 19% and 27%, respectively. Source: Chart By TradingView Growth in the global chip industry is expected to slow by more than half to 10% in 2022 from 25% in 2021 , Deloitte said in its 2022 semiconductor outlook report. The slowdown was underscored by memory chipmaker Micron (NASDAQ: MU ) in late June when it reported its fiscal year 2022 third-quarter results. Chief executive officer Sanjay Mehrotra said in the release, “Recently, the industry demand environment has weakened , and we are taking action to moderate our supply growth in fiscal 2023.” Outlook Positive For Semiconductor Stocks The mid- and long-term outlook is positive.
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MaxLinear is buying Silicon Motion (SIMO) for $93.54 in cash and 0.388 MXL shares. Read more on a merger arbitrage situation with this deal.
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MaxLinear (MXL) disclosed that it filed with China''s antitrust regulator for its planned $3.8 billion acquisition of Silicon Motion (SIMO).The companies made a filing to China''s…
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NEW YORK , July 8, 2022 /PRNewswire/ -- Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Silicon … Full story available on Benzinga.com
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TAIPEI, Taiwan and MILPITAS, Calif., July 07, 2022 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”), a global leader in NAND flash controllers for solid state storage devices, announces that it will release its second quarter 2022 financial results after the market closes on July 27, 2022. The company will not be conducting its customary earnings conference call due to restrictions associated with the pending merger with MaxLinear, and thus will not be providing updates regarding the transaction or additional financial details or guidance beyond what will be made available in the earnings press release. Any further material information relevant to the transaction will be provided in subsequent press releases or public filings with the Securities and Exchange Commission.
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MaxLinear (MXL) said the the waiting period under the Hart-Scott-Rodino antitrust act has expired in regard to its planned purchase of Silicon Motion (SIMO).The expiration of the…
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CARLSBAD, Calif.--(BUSINESS WIRE)--MaxLinear announces expiration of Hart-Scott-Rodino waiting period for proposed acquisition of Silicon Motion.
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TAIPEI, Taiwan and MILPITAS, Calif., June 28, 2022 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQ: SIMO) (“Silicon Motion”), a global leader in NAND flash controllers for solid state storage devices, today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), with respect to the previously announced agreement under which MaxLinear, Inc. (NASDAQ: MXL) (“MaxLinear”) will acquire Silicon Motion in a cash and stock transaction in which each American Depositary Share (ADS) of Silicon Motion, which represents four ordinary shares of Silicon Motion, will receive $93.54 in cash and 0.388 shares of MaxLinear common stock, and each ordinary share of Silicon Motion will receive $23.385 in cash and 0.097 shares of MaxLinear common stock.
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NEW YORK , June 27, 2022 /PRNewswire/ -- Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: … Full story available on Benzinga.com
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NEW YORK , June 21, 2022 /PRNewswire/ -- Juan Monteverde, founder and managing partner of the class action firm Monteverde & Associates PC (the "M&A Class Action Firm"), a national securities firm rated Top 50 in the 2018-2021 ISS Securities Class Action Services Report and headquartered…
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NEW YORK, June 21, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Silicon Motion Technology Corporation ("Silicon Motion" or the "Company") (NASDAQ: SIMO), in connection with the proposed…
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MaxLinear (MXL) intends to acquire Silicon Motion (SIMO). I think the deal will face difficulties in getting for a couple of reasons. Click here to know them.
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MaxLinear (MXL) to acquire Silicon Motion (SIMO) in a transaction valuing latter at $3.8B. See why I consider that only acquisition target SIMO is a buy.
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Brokerages predict that Silicon Motion Technology Co. will report $263.42 million in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates…
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U.S. stocks remained lower toward the end of trading, with the Nasdaq Composite dropping more than 650 points on Thursday. The Dow traded down 3.28% to 32,942.93 while the NASDAQ fell 5.07% to 12,307.94. The S&P also fell, dropping, 3.62% to 4,144.64. Also check this: Executives Buy Around $1.6M Of 4 Penny Stocks Leading and Lagging Sectors Utilities shares slipped by just 0.7% on Thursday. Meanwhile, top gainers in the sector included Via Renewables, Inc. (NYSE: VIA ), up 2% and Eversource Energy (NYSE: ES ) up 2%. In trading on Thursday, consumer discretionary shares fell by 5.1%. Top Headline Kellogg Company (NYSE: K ) reported better-than-expected results for its first quarter. The company reported first-quarter FY22 sales growth of 2.4% year-on-year to $3.67 billion, beating the consensus of $3.59 billion. Adjusted EPS of $1.10 beat the analyst consensus of $0.93. Equities Trading UP Silicon Motion Technology Corporation (NASDAQ: SIMO ) shares shot up 17% to $95.18 after the company announced it will be acquired by MaxLinear for $114.34 per ADS in cash and stock.
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Summary List Placement Fidji Simo is stepping into the top job at Instacart after a half-year stint on its board. The long-time Facebook executive will be leading the grocery delivery giant at a pivotal time. While the pandemic helped push Instacart''s business to new heights, online grocery shopping is slowing down as vaccinations rise. In 2020, Instacart added more than 200 new retailers and now delivers from more than 45,000 locations in North America. The company raised a fresh $265 million, doubling its valuation to $39 billion earlier this year, and stoked interest in its potential IPO. Analysts say Simo is bringing valuable experience managing a public company. But she will also have to confront a daunting question: What will Instacart look like post-pandemic? Simo is slated to replace CEO and founder Apoorva Mehta in August, Instacart said Thursday. Mehta plans to stick with the company as executive chairman of the board, according to a statement. Simo has spent the past decade at Facebook, most recently overseeing Facebook''s app at the tech giant.
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Instacart has appointed the former head of Facebooks app Fidji Simo as the companys new chief executive, replacing its founder Apoorva Mehta on Aug 2. The new appointment makes Simo The post Instacart appoints Facebook executive as new CEO appeared first on Latest Retail Technology News From Across The Globe - Charged .
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San Francisco, July 9 (IANS) Fidji Simo, Vice President and Head of the Facebook app which reaches billions of people every month, has quit the social network and is joining online grocery leader Instacart as its CEO effective August 2, ahead of its IPO. Over the last decade at Facebook, Simo oversaw the development and strategy for the Facebook app, including News Feed, Stories, Groups, Video, Marketplace, Gaming, News, Dating, Ads and more. Apoorva Mehta, Instacart''s Founder and current CEO, will transition to Executive Chairman of the Board, and will also report to Instacart''s Board of Directors, the company said in a statement on Thursday. Mehta founded Instacart 10 years ago with an ambitious vision to bring an entire industry online and over the years he''s built and scaled a phenomenal business that supports the entire grocery ecosystem. "I''m excited to work with the talented teams at Instacart, as well as our retail partners, to reimagine the future of grocery, and create a world where everyone has access to the food they love and more time to enjoy it together," said Simo.
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Photo illustration by Jakub Porzycki / NurPhoto / Getty Images The online grocery startup Instacart just announced its new CEO will take over on August 2nd. Fidji Simo has been in charge of Facebooks big blue app since 2019, putting her in charge of News Feed, Stories, Groups, Video, Marketplace, Gaming, News, Dating and Ads, but now, like a number of former Facebook execs recently , shes headed to Instacart ahead of its expected IPO. Simos departure comes at an interesting time for Facebook, as regulators and politicians take aim at Big Tech, with its market dominance and opaque algorithms that control the online experience for billions of people. Facebook has faced criticism over its pivot to video and role as a pipeline for bad actors and misinformation, while a memo from Simo last year p Continue reading
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TAIPEI, Taiwan and MILPITAS, Calif., July 08, 2021 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (Silicon Motion or the Company), a global leader in NAND flash controllers for solid state storage devices, announces that based on its preliminary second quarter financial results, revenue is expected to grow approximately 20% sequentially, well in excess of the original 5% to 10% guidance range which the company issued on May 6, 2021. Gross margin (non-GAAP) is expected to be at least half a percentage point above the high-end of the company''s original 48.0% to 50.0% guidance range.
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Related Stocks: SIMO ,
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Global Processor Chip Market Growth 2021-2026 holds key importance for professionals entailing data and market analytics. The main purpose of this report is to offer independent and consensus-based information highlighting and addressing critical data and necessary information regarding the market. The report helps our clients make superior data-driven decisions, understand market forecasts, capitalize on future []
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Silicon Motion Technology (NASDAQ:SIMO) had its price objective increased by research analysts at Needham & Company LLC from $82.00 to $100.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a buy rating on the semiconductor producers stock. Needham & Company LLCs target price would indicate a []
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The global PCI Express Controllers market is expected to reach USD XX Million by 2027, with a CAGR of XX% from 2020 to 2027, based on HNY Research newly published report. The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America). By Market Verdors: Marvell InnoGrit Realtek Silicon Motion Greenliant Phison Maxio Hyperstone JMicron Sage Microelectronics Corp Microsemi Corporation Seagate Jiangsu Huacun Electronic Technology Shenzhen Yeestor Viatech Synopsys Integrated Device Technology, Inc (IDT) By Types: Gen 5.0 Gen 4.0 Gen 3.1 Gen 2.1 Gen 1.1 Others By Applications: Consumer Electronics Internet of Things Automotive Industrial Automation Communication Application Others Key Indicators Analysed Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market''s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
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Silicon Motion Technology Corp - ADR shares closed 0.1% higher than its previous 52 week high, giving the company a market cap of $2B. The stock is currently up 42.6% year-to-date, up 61.7% over the past 12 months, and up 92.8% over the past five years. This week, the Dow Jones Industrial Average fell 0.4%, and the S&P 500 fell 0.1%. Trading Activity Trading volume this week was 3.0% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.1. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 323.4% The company's stock price performance over the past 12 months beats the peer average by 35.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 54.1% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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Stocks that traded heavily or had substantial price changes Thursday: Okta, Silicon Motion rise; Apogee, Constellation fall
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NAND flash prices are expected to register single-digit sequential increases in the second quarter of 2021, and then rise further modestly through the second half of the year, according to Silicon Motion Technology president Wallace Kou.
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Foundry and backend capacity constraints resulting in a global shortage of semiconductors will likely persist through 2022, according to Silicon Motion Technology, a Taiwan-based NAND flash device controller specialist.
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Flash device controller IC company Silicon Motion Technology held a groundbreaking ceremony on February 24 for its new headquarters in northern Taiwan.
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Silicon Motion Technology (NASDAQ:SIMO) declared a dividend payable on February 26, 2021 to its shareholders as of October 26, 2020. It was also announced …
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PCIe 4.0 has brought little performance improvement on the graphics card end, as we've shown through our testing using the GeForce RTX 3080 FE. However, it did…
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Flash device controller IC supplier Silicon Motion Technology expects to post revenues of between US$154 million and US$161 million in the first quarter of 2021, representing a 7-12% sequential increase, with gross margin reaching 48-50% compared with 49.3% in the prior quarter.
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Today's SSDs are incredibly fast, but with PCIe 5.0 controllers in the distance, top speeds are set to skyrocket.
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Silicon Motion preps for PCIe 5.0 future: will sample enterprise SSD controller next year.
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Silicon Motion Technology (NASDAQ:SIMO) released its quarterly earnings data on Tuesday. The semiconductor producer reported $0.86 EPS for the quarter, beating the consensus estimate of $0.71 by $0.15, Briefing.com reports. Silicon Motion Technology had a return on equity of 18.13% and a net margin of 18.92%. The company had revenue of $143.90 million during the […]
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B.Riley Financial Stick to Their Buy Rating for Silicon Motion
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