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B. Riley Securities has decided to maintain its Buy rating of Silicon Motion Technology (NASDAQ:SIMO) and lower its price target from $135.00 to $...
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 com...
Silicon Motion to invest NT$4bn to build new facility By Lisa Wang / Staff reporter Silicon Motion Technology Corp (慧榮科技), the world’s biggest supplier of controllers used in NAND flash memory chips, yesterday said it plans to invest NT$4 billion (US$141.31 million) to build a new headquarters in Hsinchu County’s Jhubei City as chip demand continues to grow. The NASDAQ-listed company said that it expects robust demand for NAND flash memory chips used in smartphones, PCs and Internet-of-Things (IoT) applications to help fuel growth of its revenue. Revenue this year is forecast to...