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Technology Stocks : Semi Equipment Analysis

SOXX 296.20

-0.6%

Dec 16 4:00 PM EST

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To: Elroy who wrote (74756)	1/26/2017 2:43:56 PM
From: Donald Wennerstrom	2 Recommendations Read Replies (1) of 95587

It looks like SIMO has hit a "rough patch". Silicon Motion beats by $0.05, reports revs in-line with recently raised guidance; guides Q1 revs below consensus; guides FY17 revs in-line 6:09 PM ET 1/23/17 \| Briefing.com Reports Q4 (Dec) net income of $0.95 per ADS, $0.05 better than the Capital IQ Consensus of $0.90; revenues rose 47.1% year/year to $144.2 mln vs the $143.95 mln Capital IQ Consensus. Co issues downside guidance for Q1, sees Q1 revs of $121-$128 mln vs. $135.65 mln Capital IQ Consensus Estimate, adj op margin 23-25%Co sees FY17 revs of $556-612 mln vs. $599.93 mln Capital IQ Consensus Estimate, adj op margin 27.5-29.5%. "For full year 2017, we expect sales of our client SSD controllers to continue growing strongly, but NAND flash availability will affect our SSD Solutions... NAND flash tightness will start affecting our SSD Solutions beginning in the first quarter. Additionally in the first quarter, our client SSD controllers will decline seasonally, with growth restarting in the following quarter."

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