Silicon Image Stock Rating Lowered by Needham & Company (SIMG)

Share on StockTwits

Silicon Image (NASDAQ:SIMG) was downgraded by Needham & Company from a “buy” rating to a “hold” rating in a research note issued on Friday, TheFlyOnTheWall.com reports. They currently have a $6.50 target price on the stock. Needham & Company’s price target points to a potential upside of 14.64% from the stock’s previous close.

Silicon Image (NASDAQ:SIMG) traded up 0.35% during mid-day trading on Friday, hitting $5.69. The stock had a trading volume of 268,729 shares. Silicon Image has a one year low of $4.51 and a one year high of $6.28. The stock has a 50-day moving average of $5.83 and a 200-day moving average of $5.50. The company has a market cap of $440.5 million and a price-to-earnings ratio of 38.31.

Silicon Image (NASDAQ:SIMG) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.02. The company had revenue of $61.40 million for the quarter, compared to the consensus estimate of $60.98 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. Analysts expect that Silicon Image will post $0.36 EPS for the current fiscal year.

Silicon Image, Inc (NASDAQ:SIMG) is a provider of connectivity solutions that enable the reliable distribution and presentation of HD content for mobile, consumer electronics (CE) and personal computer (PC) markets.

The Fly On The Wall

Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.

Latest News

Jefferies Group Boosts Cavium Price Target to $64.00
Jefferies Group Boosts Cavium Price Target to $64.00
Sherwin-Williams Company Director Susan J. Kropf Unloads 1,000 Shares
Sherwin-Williams Company Director Susan J. Kropf Unloads 1,000 Shares
Brookdale Senior Living Director James R. Seward Sells 15,000 Shares
Brookdale Senior Living Director James R. Seward Sells 15,000 Shares
Pfenex  Posts Quarterly Earnings Results, Misses Expectations By $1.52 EPS
Pfenex Posts Quarterly Earnings Results, Misses Expectations By $1.52 EPS
Nomura Upgrades Direct Line Insurance Group PLC to “Buy”
Nomura Upgrades Direct Line Insurance Group PLC to “Buy”
Casella Waste Systems Rating Reiterated by Raymond James
Casella Waste Systems Rating Reiterated by Raymond James


Leave a Reply

 
© 2006-2014 Mideast Time.