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A Challenging Year For Silicon Motion, But Things Should Improve From Here

September 16th, 2019 · No Comments

  • The company has a difficult year, mostly due to its Shannon SSDs which were caught by NAND price declines and a technology shift, leading to a sharp decline in sales.
  • It also led to a substantial ($5M) inventory write-off and an upcoming impairment charge for intangibles.
  • Management argues that better times are ahead, the shares aren’t expensive, the balance sheet is strong, and the company pays a very generous dividend.

Source: A Challenging Year For Silicon Motion, But Things Should Improve From Here – Silicon Motion Technology Corporation (NASDAQ:SIMO) | Seeking Alpha

Tags: SIMO