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InvestorPlace - Stock Market News, Stock Advice & Trading Tips With thousands of publicly traded companies to choose from, it’s inevitable that a few will make the rounds of overlooked value stocks. These enterprises represent businesses that trade at an attractive multiple to a key...
Summary MaxLinear saw significant weakness in the Broadband business, and this is going to persist a while as cable gateway demand slows on weaker cable broadband net adds. Wi-Fi 6 has been a strong driver for the business, but it sounds as though momentum is tapering off; Wi-Fi 7 will ...
Silicon Motion Technology press release ( NASDAQ: SIMO ): Q4 Non-GAAP EPS of $1.22 misses by $0.43 . Revenue of $200.8M (-24.1% Y/Y) misses by $55.91M . Fourth quarter sales decreased 20% Q/Q and 24% Y/Y and FY2022 sales grew 3% Y/Y SSD controller sales: 4Q approxi...
Business Highlights Fourth quarter sales decreased 20% Q/Q and 24% Y/Y and FY2022 sales grew 3% Y/Y SSD controller sales: 4Q approximately flat Q/Q and FY2022 decreased 5% to 10% Y/Y eMMC+UFS controller sales: 4Q decreased 35% to 40% Q/Q and FY2022 grew 15% to 20% Y/Y SSD ...
Summary Merger arbitrage spreads are wide. There are plenty of opportunities with spreads of up to 81%. This is a detailed review of the most interesting transactions in the space. Merger arbitrage is an event-driven investment strategy of betting on a successful acquisiti...
The chip industry is currently dealing with one of the worst downturns in PC and smartphone sales in recent history. After several years of pandemic-fueled consumer-electronics purchasing (due to work-from-home orders), households are now paring back spending on computing devices. This is hap...
Summary MXL intends to acquire SIMO, but the proposal has not gotten a positive response based on the market reaction. There are several arguments as to why MXL may be making a mistake by pursuing SIMO at this point in time. Management is optimistic the SIMO transaction will be comp...
MaxLinear ( NASDAQ: MXL ) has started to proactively approach third parties in China regarding its $3.8 billion planned acquisition of Silicon Motion ( NASDAQ: SIMO ). The companies are reaching out to the third parties to try to facilitate China's State Administration for Mar...
A clear trend has emerged in the semiconductor industry. Focus has shifted to enterprise infrastructure equipment, and chip designers of all sorts are trying to expand their portfolios in this large and expanding market. Tiny chip designer MaxLinear (NASDAQ: MXL) is no exception. It is in...
MaxLinear's ( NASDAQ: MXL ) planned purchase of Silicon Motion Technology ( NASDAQ: SIMO ) is on track for a mid year close. "Everything seems to be on track or moving as expected," MaxLinear CFO Steve Litchfield said at a Needham conference earlier on Tuesday. "Most of these ...
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Business Highlights Second quarter of 2024 sales increased 11% Q/Q and increased 50% Y/Y SSD controller sales: 2Q of 2024 increased 0% to 5% Q/Q and increased 25% to 30% Y/Y eMMC+UFS controller sales: 2Q of 2024 increased 25% to 30% Q/Q and increased 190% to 195% Y...
2024-07-24 14:24:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
TAIPEI, Taiwan and MILPITAS, Calif., July 08, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”), a global leader in NAND flash controllers for solid state storage devices, announces that based on its pre...