Silicon Motion Confirms Quarterly Dividend

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Silicon Motion Technology (SIMO) PT Lowered to $44 at Susquehanna

February 7, 2018 11:22 AM EST

Susquehanna lowered its price target on Silicon Motion Technology (NASDAQ: SIMO) to $44.00 (from $48.00) while maintaining a Neutral rating.

Analyst Mehdi Hosseini commented, "SIMO's report and guide relatively consistent with our Jan 16 downgrade (link) as we do not envision NAND availability... More