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Silicon Motion (NASDAQ:SIMO) +4.1% after Deutsche starts coverage with a Buy and $24 PT. The...

Aug. 13, 2012 9:22 AM ETSilicon Motion Technology Corporation (SIMO) StockSIMOBy: Eric Jhonsa, SA News Editor
Silicon Motion (NASDAQ:SIMO) +4.1% after Deutsche starts coverage with a Buy and $24 PT. The firm expects SIMO to deliver strong growth thanks to growing sales of solid-state drive controller chips, which it considers "increasingly differentiated," and 4G LTE transceiver chips to Samsung. Deutsche sees these trends offsetting weaker 4G sales to other clients in 2013.

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