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11 stories mentioning SIMO

Every FINWIRES story that references SIMO, newest first.

Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Rise in Thursday Trading

Asian equities traded in the US as American depositary receipts were tracking higher Thursday morning, rising 0.31% to 2,773.92 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by semiconductor companies Himax Technologies (HIMX) and Silicon Motion Technology (SIMO), which climbed 7.5% and 5%, respectively. They were followed by semiconductor company ASE Technology (ASX) and solar panel maker JinkoSolar (JKS), which advanced 4.2% and 4.1%, respectively.The decliners from North Asia were led by real estate management and digital security firm Eason Technology (DXF) and mobile big data platform Aurora Mobile (JG), which fell 12% and 10%, respectively. They were followed by education company 51Talk Online Education Group (COE) and brand platform 36Kr (KRKR), which dropped 7% and 4.5%, respectively.From South Asia, the gainers were led by IT company Sify Technologies (SIFY), which rose 5.2%. It was followed by telecommunications operator Telekomunikasi Indonesia (TLK) and lender ICICI Bank (IBN), which were up 3.3% and 2%, respectively.The only decliners from South Asia were IT companies Wipro (WIT) and Infosys (INFY), which were down 1.9% and 0.5%, respectively.

$ASX$DXF$HIMX$IBN$INFY$JG$JKS$KRKR$SIFY$SIMO$TDTH$TLK$WIT$XOE
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Rise Sharply in Tuesday Trading

Asian equities traded in the US as American depositary receipts were rising sharply Tuesday morning, up 1.04% to 2,925.23 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by semiconductor companies Himax Technologies (HIMX) and Silicon Motion Technology (SIMO), which climbed 13% and 5.7% respectively. They were followed by internet and data center services provider VNET Group (VNET) and tech company Alibaba Group (BABA), which advanced 5.1% and 4.6% respectively.The decliners from North Asia were led by education company 17 Education & Technology Group (YQ) and online brokerage UP Fintech (TIGR), which dropped 7.4% and 7% respectively. They were followed by mobile big data platform Aurora Mobile (JG) and real estate management and digital security company Eason Technology (DXF), which lost 6.5% and 3.9% respectively.From South Asia, the gainers were led by fintech firm Trident Digital Tech (TDTH) and lender HDFC Bank (HDB), which rose 7.6% and 0.5% respectively. They were followed by telecommunications operator PLDT (PHI) and IT firm Sify Technologies (SIFY), which were up 0.2% and 0.1% respectively.The decliners from South Asia were led by IT firms Wipro (WIT) and Infosys (INFY), which fell 6.9% and 2.1% respectively. They were followed by computer hardware maker Canaan (CAN) and tech conglomerate Sea (SE), which were down 2% and 1.5% respectively.

$BABA$CAN$DXF$HDB$HIMX$INFY$JG$PHI$SE$SIFY$SIMO$TDTH$TIGR$VNET$WIT$YQ
Asia Markets

Asian Equities Traded in US as ADRs Fall in Wednesday Trading

Asian equities traded in the US as American depositary receipts fell Wednesday with the S&P Asia 50 ADR Index dropping 0.4% to 2,872.69.From North Asia, the gainers were led by fintech firms Qfin Holdings (QFIN) and LexinFintech (LX), which surged 24% and 10%, respectively. They were followed by internet and data center services provider VNET Group (VNET) and social media platform JOYY (JOYY), which advanced 9% and 4.3%, respectively.The decliners from North Asia were led by video display maker LG Display (LPL) and mobile big data platform Aurora Mobile (JG), which shed 11% and 9%, respectively. They were followed by semiconductor companies Himax Technologies (HIMX) and Silicon Motion Technology (SIMO), which dropped 5.1% and 4.6%, respectively.From South Asia, the gainers were led by fintech firm Trident Digital Tech (TDTH) and IT firm Infosys (INFY), which climbed 23% and 2.3%, respectively. They were followed by tech conglomerate Sea (SE) and telecommunications operator Telekomunikasi Indonesia (TLK), which were up 1% and 0.7%, respectively.The decliners from South Asia were led by computer hardware maker Canaan (CAN) and lender HDFC Bank (HDB), which fell 3% and 2.6%, respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT company Sify Technologies (SIFY), which were down 1.4% and 1.1%, respectively.

$CAN$HDB$HIMX$INFY$JG$JOYY$LPL$LX$QFIN$RDY$SE$SIFY$SIMO$TDTH$TLK$VNET
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Soar in Wednesday Trading

Asian equities traded in the US as American depositary receipts were soaring Wednesday morning, rising 3.38% to 2,885.55 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by tech companies Baidu (BIDU) and Alibaba Group (BABA), which climbed 8.3% and 6.1% respectively. They were followed by fintech firm J and Friends (JF) and lender Mitsubishi UFJ Financial Group (MUFG), which advanced 4.4% and 3.6% respectively.The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services (CCM) and polysilicon manufacturer Daqo New Energy (DQ), which fell 5.6% and 5.1% respectively. They were followed by semiconductor company Silicon Motion Technology (SIMO) and brand platform 36Kr (KRKR), which were down 2.8% and 2.3% respectively.From South Asia, the gainers were led by tech conglomerate Sea (SE) and lender HDFC Bank (HDB), which rose 5% and 3.5% respectively. They were followed by lender ICICI Bank (IBN) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 3.3% and 2.3% respectively.The only decliners from South Asia were computer hardware maker Canaan (CAN) and fintech firm Trident Digital Tech (TDTH), which dropped 3.8% and 0.9% respectively.

$BABA$BIDU$CAN$CCM$DQ$HDB$IBN$JF$KRKR$MUFG$RDY$SE$SIMO$TDTH
Wire

B. Riley Adjusts Silicon Motion Technology Price Target to $250 From $167, Maintains Buy Rating

B. Riley Adjusts Silicon Motion Technology Price Target to $250 From $167, Maintains Buy Rating

$SIMO
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Rise in Thursday Trading

Asian equities traded in the US as American depositary receipts were tracking moderately higher Thursday morning, rising 0.36% to 2,768.22 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by biopharmaceutical company Zai Lab (ZLAB) and solar panel maker JinkoSolar (JKS), which advanced 4.3% and 4.1% respectively. They were followed by fintech firm LexinFintech (LX) and tech company Xunlei (XNET), which increased 2.5% and 2.3% respectively.The decliners from North Asia were led by electric vehicle maker NIO (NIO) and semiconductor company Silicon Motion Technology (SIMO), which fell 3.7% and 3.5% respectively. They were followed by internet and data center services provider VNET Group (VNET) and semiconductor company Himax Technologies (HIMX), which were down 2.1% and 1.5% respectively.From South Asia, the gainers were led by IT firm Sify Technologies (SIFY) and telecommunications operator PLDT (PHI), which rose 0.7% and 0.6% respectively. They were followed by IT firm Wipro (WIT) and lender ICICI Bank (IBN), which were up 0.5% and 0.2% respectively.The decliners from South Asia were led by tech conglomerate Sea (SE) and telecommunications operator Telekomunikasi Indonesia (TLK), which dropped 0.4% and 0.3% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and IT firm Infosys (INFY), which were off 0.2% and 0.1% respectively.

$HIMX$IBN$INFY$JKS$LX$NIO$PHI$RDY$SE$SIFY$SIMO$TLK$VNET$WIT$XNET$ZLAB
Wire

Wedbush Raises Price Target on Silicon Motion Technology to $230 From $180, Keeps Outperform Rating

Silicon Motion Technology (SIMO) has an average rating of buy and mean price target of $219.44 according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $206.30, Change: $-11.20, Percent Change: -5.15%

$SIMO
Sectors

Sector Update: Tech Stocks Gain Late Afternoon

Tech stocks rose late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) up 0.5% and the State Street SPDR S&P Semiconductor ETF (XSD) gaining 4.4%.The Philadelphia Semiconductor index advanced 2.1%.In corporate news, Seagate Technology (STX) shares gained 10% a day after the company reported stronger-than-expected fiscal Q3 earnings and revenue and projected Q4 results above estimates.Spotify Technology (SPOT) shares rose 2.8% after Universal Music Group said it plans to sell half of its stake in the company.Silicon Motion Technology (SIMO) shares surged 43% a day after the company reported a jump in Q1 non-GAAP earnings and sales, topping market expectations.Apple (AAPL) is planning to integrate AI more deeply into the iPhone's camera app by introducing a new Siri mode in its upcoming iOS 27 update, Bloomberg reported. Apple shares eased 0.3%.

$AAPL$SIMO$SPOT$STX
Sectors

Sector Update: Tech Stocks Rise Wednesday Afternoon

Tech stocks rose Wednesday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) climbing 0.4% and the State Street SPDR S&P Semiconductor ETF (XSD) gaining 3.6%.The Philadelphia Semiconductor index advanced 1.6%.In corporate news, Seagate Technology (STX) shares gained 9.8% a day after the company reported stronger-than-expected fiscal Q3 earnings and revenue and projected Q4 results above estimates.Spotify Technology (SPOT) shares rose 2.2% after Universal Music Group said it plans to sell half of its stake in the company.Silicon Motion Technology (SIMO) shares surged 39% a day after the company reported a jump in Q1 non-GAAP earnings and sales, topping market expectations.IBM (IBM) plans to add 750 jobs over the next five years at the Illinois Quantum and Microelectronics Park in Chicago, Bloomberg reported. The stock fell 1.5%.

$IBM$SIMO$SPOT$STX
Wire

Top Midday Gainers

KalVista Pharmaceuticals (KALV) and Chiesi Group said Wednesday they have entered into a definitive agreement through which Chiesi will acquire KalVista for $27 per share in cash, or about $1.9 billion. The deal is expected to close in Q3, they said.Shares surged 39% as intraday trading volume rose to over 48.2 million, from a daily average of roughly 984,000.Silicon Motion Technology (SIMO) reported a year-over-year surge in Q1 non-GAAP earnings and sales late Tuesday, beating market expectations.Shares soared 31% as intraday trading volume jumped to over 2.66 million from a daily average of about 623,000.Bloom Energy (BE) reported Q1 adjusted earnings late Tuesday of $0.44 per diluted share, up from $0.03 a year earlier. Analysts polled by FactSet expected $0.12. The company's revenue also handily beat the analysts' forecast.Shares jumped 22% as intraday trading volume surged to over 13.8 million from a daily average of about 10.8 million.Price: $26.71, Change: $+7.47, Percent Change: +38.80%

$BE$KALV$SIMO
Wire

Asian Equities Traded in the US as American Depositary Receipts Flat in Wednesday Trading

Asian equities traded in the US as American depositary receipts were little changed Wednesday morning, edging 0.03% lower to 2,762.13 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by semiconductor company Silicon Motion Technology (SIMO) and video streaming service iQIYI (IQ), which climbed 30.4% and 5.9%, respectively. They were followed by used car marketplace Uxin (UXIN) and electric vehicle maker NIO (NIO), which advanced 2.7% and 1.7%, respectively.The decliners from North Asia were led by polysilicon manufacturer Daqo New Energy (DQ) and brand platform 36Kr (KRKR), which fell 9.6% and 6.9%, respectively. They were followed by biopharmaceutical company Zai Lab (ZLAB) and tech company Baidu (BIDU), which were down 5.3% and 3.9%, respectively.From South Asia, the only gainers were IT firm Infosys (INFY) and telecommunications operator Telekomunikasi Indonesia (TLK), which were up 0.6% and 0.2% respectively.The decliners from South Asia were led by tech conglomerate Sea (SE) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which dropped 3.6% and 1.9%, respectively. They were followed by lender ICICI Bank (IBN) and IT firm Wipro (WIT), which lost 1.1% and 1% respectively.Price: $194.15, Change: $+44.97, Percent Change: +30.14%

$BIDU$DQ$IBN$INFY$IQ$KRKR$NIO$RDY$SE$SIMO$TLK$UXIN$WIT$ZLAB