Shares of Silicon Motion Technology Corporation (NASDAQ:SIMO) traded at a new 52-week high today of $79.90. So far today approximately 214,000 shares have been exchanged, as compared to an average 30-day volume of 349,000 shares.
Silicon Motion Technology Corp is active in the semiconductor industry and primarily focuses on designing, developing, and marketing of controllers for managing NAND flash used in embedded storage applications, such as eMMC embedded memory. Its only operating segment of Developing NAND flash controllers and SSDs solutions. The company derives revenue from product categories such as Mobile Storage, Mobile Communications, and others. Silicon earns the majority of the revenue from China and also has a presence in Taiwan, the United States, Japan, Korea, and Other Countries. The company products are used in Personal Computing, Smartphone/Tablet/CE, Flash Card/USB Flash Drive, Industrial and Embedded, Automotive, and Enterprise and Data Center.
Over the past year, Silicon Motion Technology Corporation has traded in a range of $35.13 to $79.90 and is now at $79.30, 126% above that low.
Silicon Motion Technology Corporation (NASDAQ:SIMO) defies analysts with a current price ($79.30) 29.0% above its average consensus price target of $56.30.
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