Silicon Motion Technology Corp. (ADR) Stock Was Bought By Options Traders

 Silicon Motion Technology Corp. (ADR) Stock Was Bought By Options Traders

In today’s session Silicon Motion Technology Corp. (ADR) (SIMO) registered an unusually high (463) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious SIMO increase. With 463 contracts traded and 6374 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: SIMO161118C00045000 closed last at: $0.5 or 9.1% down. About 182,030 shares traded hands. Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) has risen 8.34% since April 7, 2016 and is uptrending. It has outperformed by 3.56% the S&P500.

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

Out of 10 analysts covering Silicon Motion (NASDAQ:SIMO), 8 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 80% are positive. Silicon Motion has been the topic of 12 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The rating was maintained by Brean Capital on Wednesday, March 23 with “Buy”. Ladenburg Thalmann downgraded the stock to “Neutral” rating in Wednesday, April 6 report. On Tuesday, August 18 the stock rating was downgraded by Bank of America to “Underperform”. As per Thursday, January 14, the company rating was upgraded by Standpoint Research. The stock of Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) has “Buy” rating given on Thursday, September 29 by Roth Capital. Craig Hallum maintained Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) on Friday, January 29 with “Buy” rating. Topeka Capital Markets maintained the shares of SIMO in a report on Tuesday, July 28 with “Buy” rating. The firm has “Buy” rating given on Friday, July 8 by Needham. On Tuesday, September 8 the stock rating was initiated by Susquehanna with “Positive”. As per Friday, January 29, the company rating was maintained by Topeka Capital Markets.

According to Zacks Investment Research, “Silicon Motion Technology Corporation designs, develops and markets universally compatible and low-power semiconductor solutions for the multimedia consumer electronics market. The company sells its semiconductor solutions to original equipment manufacturers and design manufacturers worldwide.”

Silicon Motion Technology Corporation is a fabless semiconductor company. The company has a market cap of $1.49 billion. The Firm designs, develops and markets low-power semiconductor solutions to original equipment manufacturers and other clients in the mobile storage and mobile communications markets. It has a 19.03 P/E ratio. 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.

SIMO Company Profile

Silicon Motion Technology Corporation, incorporated on January 27, 2005, is a fabless semiconductor company. The Firm designs, develops and markets low-power semiconductor solutions to original equipment manufacturers (OEMs) and other clients 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 consumer devices, such as smartphones, tablets and personal computers (PCs) and for industrial, enterprise, commercial and other applications. The Firm markets its controllers under the SMI brand; its enterprise-grade SSDs under the Shannon Systems brand; its single-chip industrial-grade SSDs under the Ferri SSD and Ferri-eMMC brands, and RF ICs under the FCI brand.

More news for Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) were recently published by: Marketwatch.com, which released: “Silicon Motion Technology Corp. ADR” on December 22, 2009. Quotes.Wsj.com‘s article titled: “DOW JONES, A NEWS CORP COMPANY” and published on February 14, 2011 is yet another important article.

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