Silicon Motion Inc. (SIMO) Message Board

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Technology Stocks : Silicon Motion Inc. (SIMO)

SIMO 90.94

+2.6%

Dec 3 3:59 PM EST

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From: Elroy	10/22/2022 1:15:52 PM
	of 2978

MXL reports next Tuesday. SIMO reports a week from Tuesday. I got no idea what to expect from SIMO, but my hunch says it will have a positive result on the share price. SIMO's Jan 2022 guidance had revenues jumping quite a bit in the second half, with indications that it would jump even more if TSMC gave them more allocation. Since then cell phones and PCs have slowed down quite a lot, so ..... hard to say what to expect! Longer term the revenues aren't the main item for me, I'd like to see gross margins continue to tick higher. 53% last quarter, if they continue to rise we know eventually once the slowdown passes that the cell phone and PC business will come back, so would be great if they came back with ~55% gross margins rather than ~48% gross margins. SIMO seems like a good buy down here at $56 whether the MXL deal goes through or not.

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