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

|About: Silicon Motion Technology C... (SIMO)|By:, SA News Editor

Silicon Motion (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.