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Silicon Motion Technology Corporation (SIMO) designs, develops, and markets NAND flash controllers for solid-state storage devices. 
It offers SSDs used in PCs and other devices, as well as eMMC and UFS mobile embedded storage used in smartphones and IOT devices.
The company also provides enterprise-grade SSDs used in data centers; and small form-factor specialized SSDs used in industrial, commercial, and automotive applications.
It markets its controllers under the SMI brand; enterprise-grade SSDs under the Shannon Systems brand; and single-chip industrial-grade SSDs under the Ferri SSD and Ferri-eMMC brands.
The company markets and sells its products through direct sales personnel and independent electronics distributors to flash makers, module makers, hyperscalers, and OEMs. It operates in Taiwan, the United States, South Korea, China, Malaysia, Singapore, and internationally.
Shares have formed a bullish "flag" after Bloomberg reported that the company is exploring a potential sale amid takeover interest in the semiconductor firm, according to people familiar with the matter. The company is working with advisers as it holds talks with potential suitors, said the people, who asked not to be identified because the deliberations are private. The Company is scheduled to report its quarterly results on May 5th.
Entry Point: $83.00
Stop Loss: $79.00
Trading Range: $58.86 to $96.89
Target Price: $91.00
SIMO closed at $78.50
