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Silicon Motion Technology Corp.

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Silicon Motion’s third-quarter 2015 results surpassed the Zacks Consensus Estimates, backed by strong revenue growth. Solid demand for SSD controllers from key partners aided the impressive performance in the reported quarter. Given the present industry trend, strong momentum in the mobile storage market is likely to continue in the future, supplementing top-line growth. This apart, the recently completed Shannon acquisition is expected to strengthen the company’s foothold in China, thereby boosting growth in the long run. Additionally, strategic product launches and strong commitment toward R&D activities add to the company’s strength. However, seasonality in demand, narrow customer base and stiff competition remain as concerns for Silicon Motion.

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