- The company has been battered by a shortage of NAND flash and price increases that compress its margins, but these are temporary headwinds.
- Unless the company has the timing of the Q4 recovery terribly wrong this is almost a no-brainer.
- The company is well positioned and when the supply issues are resolved, it can ride a wave of new adoption of NAND flash in various sectors.
- The shares are cheap.
- Also, management has just approved a $200M share buyback program and expressed intention to buy for their own accounts as well.
Silicon Motion Technology Is A Buy
August 5th, 2017 · No Comments