Silicon Motion Technology Stock Hits New 52-Week High (SIMO)
NEW YORK (
) --
Silicon Motion Technology Corporation
(Nasdaq:
) hit a new 52-week high Friday as it is currently trading at $24.35, above its previous 52-week high of $23.70 with 429,539 shares traded as of 9:40 a.m. ET. Average volume has been 696,500 shares over the past 30 days.
Silicon Motion Technology has a market cap of $696.2 million and is part of the
sector and
industry. Shares are up 10.9% year to date as of the close of trading on Thursday.
Silicon Motion Technology Corporation, a fabless semiconductor company, designs, develops, and supplies a portfolio of multimedia data processing, storage, and transfer solutions primarily for consumer electronics applications. The company has a P/E ratio of 48.5, above the average electronics industry P/E ratio of 32.8 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Silicon Motion Technology as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full
Silicon Motion Technology Ratings Report
.
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