SIMO - Silicon Motion could be easy target for Microchip Tech Marvell Broadcom

Silicon Motion (NASDAQ:SIMO), which reportedly is exploring a sale after takeover interest, could be an "easy tuck-in" candidate for most fabless design houses, according to a Wedbush analyst. SIMO jumped 9.2%. Microchip Technology (MCHP), Marvell (MRVL) and Broadcom (AVGO) may be potential buyers of SIMO given their exposure to SSD controllers would likely yield cost/design synergies, Wedbush analyst Matt Bryson wrote earlier in a note. The company could also see possible interest from Qualcomm (QCOM) and Mediatek (OTCPK:MDTKF). Bloomberg reported late Sunday that Silicon Motion is exploring a sale following interest following a report on Friday from Betaville that there was speculation that a mystery buyer was circling the semiconductor company.  "The only question with any such proposal would be potential anti-trust concerns, particularly with companies that already have larger storage businesses (e.g., AVGO and MRVL)," Bryson, who has an outperform and $115 price target on SIMO, wrote in the

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Silicon Motion could be easy target for Microchip Tech, Marvell, Broadcom