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Silicon Motion Technology Corporation (NASDAQ:SIMO) - Silicon Motion Raises Preliminary Q2 Revenue, Gross Margin Guidance

Silicon Motion Technology Corporation (NASDAQ:SIMO) - Silicon Motion Raises Preliminary Q2 Revenue, Gross Margin Guidance
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Silicon Motion Technology SIMO Stock Price, News, Charts

Silicon Motion Technology SIMO Stock Price, News, Charts
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Silicon Motion Technology Corp (SIMO) Q1 2021 Earnings Call Transcript

Operator Good day, and thank you for standing by. Welcome to the Silicon Motion Technology Corporation s First Quarter of 2021 Earnings Conference Call. [Operator Instructions] This conference call contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 as amended. Such forward-looking statements include, without limitation, statements regarding trends in the semiconductor industry and our future results of operations, financial condition and business prospects. Although such statements are based on our own information and information from other sources, we believe to be reliable, you should not place undue reliance on them. These statements involve risks and uncertainties and actual market trends our results may differ materially from those expressed or implied in these forward-looking statements for a variety of reasons. Potential risks and uncertainties include, but are not limited

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Okta, Silicon Motion rise; Apogee, Constellation fall

Okta, Silicon Motion rise; Apogee, Constellation fall Follow Us Question of the Day NEW YORK (AP) - Stocks that traded heavily or had substantial price changes Thursday: Okta Inc., up $15.92 to $238.48. The cloud computing company gave investors an encouraging update on its operations and plans for growth. TOP STORIES Silicon Motion Technology Corp., up $4.33 to $69.17. The supplier of components to the chip industry gave investors a surprisingly good update on its first-quarter revenue. CommScope Holding Co. up 93 cents to $16.35. The wireless and broadband network technology company will spin off its home networks business. GameStop Corp., down $7.71 to $170.26. The video game retailer plans to elect Chewy co-founder Ryan Cohen as chairman of its board of directors.

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Silicon Motion Technology To Report Q1 Revenue Above Guidance Range

Silicon Motion Technology To Report Q1 Revenue Above Guidance Range TAIPEI (dpa-AFX) - Silicon Motion Technology Corporation (SIMO) said, based on preliminary first quarter results, revenue is estimated to grow approximately 25% sequentially, well in excess of the original 7% to 12% guidance range which the company previously issued. Non GAAP gross margin is projected to be at the high-end of the original 48.0% to 50.0% guidance range. The company will release its first quarter results after the market closes on May 5, 2021. Shares of Silicon Motion Technology Corp. were up 5% in pre-market trade on Thursday. Copyright RTT News/dpa-AFX © 2021 AFX News

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