Trade-Ideas: Silicon Motion Technology (SIMO) Is Today's New Lifetime High Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Silicon Motion Technology ( SIMO) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Silicon Motion Technology as such a stock due to the following factors:

  • SIMO has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $19.5 million.
  • SIMO has traded 38,185 shares today.
  • SIMO is trading at a new lifetime high.

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More details on SIMO:

Silicon Motion Technology Corporation, a fabless semiconductor company, designs, develops, and markets semiconductor solutions worldwide. The stock currently has a dividend yield of 1.6%. SIMO has a PE ratio of 45. Currently there are 9 analysts that rate Silicon Motion Technology a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Silicon Motion Technology has been 673,000 shares per day over the past 30 days. Silicon Motion Technology has a market cap of $1.2 billion and is part of the technology sector and electronics industry. Shares are up 54% year-to-date as of the close of trading on Wednesday.

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