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Technology Stocks : Semi Equipment Analysis
SOXX 312.18-0.2%Dec 9 4:00 PM EST
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From: Elroy10/30/2019 3:41:26 AM
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SIMO reported Q3 and said Q4 revenues should be up about 20% sequentially, and so far 2020 looks good with all major segments expected to grow.

About frickin’ time. SIMO rocket ship is back.

SSD in PCs is growing strongly, UFS is growing strongly, I think they’re even doing well selling legacy eMMC controllers to module makers in Chiba that are probably buying Chinese NAND and making cheap stufffor discount Chinese brands.

They increased the annual dividend by 17% a few days ago.

They bought back $25m of stock in Q3.

After a crappy 24 months, there’s nothing wrong with this report and outlook. Not one blemish.

Off we go toward $50.....
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