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Silicon Motion (SIMO +6.9%) shoots higher ahead of today's Q1 report after SA contributor...

Silicon Motion (SIMO +6.9%) shoots higher ahead of today's Q1 report after SA contributor Valuable Insights argues the chipmaker could deliver a 30%-60% return over the next few months. The author declares SIMO to meet all of his criteria for "the ideal semiconductor long," including bottoming revenue/margins, new product cycles, and an attractive valuation, asserts the company's 4G transceiver business with Samsung remains healthy in spite of recent issues, and notes the ASP for SIMO's NAND flash controllers has risen for 12 straight quarters. Shares closed near their 52-week low yesterday.
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