Silicon Motion Up On Sweetened Q1 Revenue Projections

By | April 8, 2015

Scalper1 News

Silicon Motion Technology (SIMO) stock jumped on Wednesday after the Taiwan-based chipmaker said it expects Q1 revenue to be flat sequentially rather than show a decline, as the company had originally projected. Silicon Motion stock was up more than 7% in midday trading in the stock market today, near 30, just off from its all-time high of 30.50 brushed on Feb. 9. The Taiwan-based company is set to officially release full Q1 earnings after the Scalper1 News

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