Silicon Motion Technology Corp ADR’s filing revealed that its Officer Fan Robert acquired Company’s shares for reported $60320.0 on Dec 18 ’24. In the deal valued at $60.32 per share,1,000 shares were bought.
Then, DUANN SHII TYNG bought 3,000 shares, generating $162,000 in total proceeds.
BofA Securities upgraded its Silicon Motion Technology Corp ADR [SIMO] rating to a Neutral from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who remained covering the stock and in late October has reiterated a ‘”a Buy”‘ rating for it. BofA Securities also remained covering SIMO and has decreased its forecast on August 16, 2024 with a “an Underperform” recommendation from previously “Buy” rating. Morgan Stanley revised its rating on May 06, 2024. It rated SIMO as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of SIMO
On Tuesday, Silicon Motion Technology Corp ADR [NASDAQ:SIMO] saw its stock jump 1.51% to $45.16. Over the last five days, the stock has gained 14.62%. Silicon Motion Technology Corp ADR shares have fallen nearly -16.45% since the year began. Nevertheless, the stocks have fallen -38.08% over the past one year. While a 52-week high of $85.87 was reached on 02/21/25, a 52-week low of $37.21 was recorded on 04/09/25. SMA at 50 days reached $49.82, while 200 days put it at $56.25.
Levels Of Support And Resistance For SIMO Stock
The 24-hour chart illustrates a support level at 44.09, which if violated will result in even more drops to 43.02. On the upside, there is a resistance level at 45.95. A further resistance level may holdings at 46.74. The Relative Strength Index (RSI) on the 14-day chart is 50.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.25, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.03%. Stochastics %K at 91.33% indicates the stock is a selling.
How much short interest is there in Silicon Motion Technology Corp ADR?
A steep rise in short interest was recorded in Silicon Motion Technology Corp ADR stocks on 2025-04-15, growing by 39281.0 shares to a total of 1.05 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 1.01 million shares. There was a rise of 3.75%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 06, 2024 when Craig Hallum resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $96.
