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A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates. Companies with upcoming pay dates. For further details see: Dividend Champion, Contender, An...
MaxLinear has seen huge operating and share price momentum following the pandemic, amidst savvy dealmaking. After operating momentum has clearly cooled down, a mega deal is announced at a curious point in the cycle. Given the huge cash composition of a newly announced mega deal, a...
Shares of Silicon Motion Technology (NASDAQ: SIMO) , a developer of NAND flash controllers, jumped sharply on Thursday even as many other stocks tanked. At its high point during the trading day, shares were up 21.5%. As of 3:07 p.m. ET, that gain had moderated slightly to about 16.7...
Gainers: Cyngn (CYN) +44%. Silicon Motion Technology (SIMO) +17%. CommScope (COMM) +10%. Quantum Computing (QUBT) +10%. CoreCard (CCRD) +10%. Losers: Inseego (INSG) -25%. MaxLinear (MXL) -22%. Casa Systems (CASA) -21%. Cazoo Group (CZOO) -20%. Digi...
Silicon Motion (NASDAQ:SIMO) could see bidding war after MaxLinear (NASDAQ:MXL) agreed to acquire the company for more $114/share in cash and stock, according to Craig-Hallum. SIMO shares jumped 17.5% on the deal news. Silicon Motion (SIMO) could be an attractive acquisition target ...
Earnings news remained a key catalyst in Thursday's midday trading. Hain Celestial (NASDAQ:HAIN) experienced intense selling pressure in the wake of disappointing quarterly results. On the other hand, amid a sharp decline in the overall market, Booking Holdings (BKNG) and Silicon Motion Techn...
MaxLinear (NASDAQ:MXL) near sessions lows, plunging 19%, as investors appeared to be rejecting its announced $3.7 billion purchase of Silicon Motion (NASDAQ:SIMO). Silicon Motion jumped 18%. MaxLinear (MXL) was cut to market perform from outperform by Northland analyst Tim Savageau...
Silicon Motion Technology press release (NASDAQ:SIMO): Q1 Non-GAAP EPADS of $1.72 beats by $0.18. Revenue of $242M (+32.7% Y/Y) beats by $2.54M. “We are increasingly confident and optimistic about our growth prospects as our pipeline of OEM projects, customers, end-markets and sales co...
Business Highlights Sales exceeded the high end of guidance SSD controller sales declined 15% to 20% Q/Q and increased 25% to 30% Y/Y eMMC+UFS controller sales declined 0% to 5% Q/Q and increased 60% to 65% Y/Y SSD solutions sales decreased 5% to 10% Q/Q and ...
Update 8:04am: Updates shares after halt lifted. MaxLinear (NASDAQ:MXL) confirmed it agreed to purchase Silicon Motion (NASDAQ:SIMO) for about $3.8 billion, or $114.34 in stock and cash. SIMO jumped 17% in premarket trading, while MXL fell 3%. Silicon Motion (SIMO)...
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Silicon Motion Technology Corporation Company Name:
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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...