SIMO Returns 136% For G&V Investors; 73% For STI Investors

(RTTNews) - Silicon Motion Technology Corp. (SIMO) touched a new all-time high of $52.88 Thursday, after lifting its second-quarter revenue guidance. The stock has been published on our premium services 'Growth & Value stocks', and time and again on our 'Short-Term Investor'.

The stock has returned 136% for Growth & Value investors, since it featured on the service on October 15, 2014 at $22.37. Most recently, the stock featured on 'Short-Term Investor' on Jan 29, 2016 at $30.60. Yesterday's new high represents a 73% gain from this price.

The company said yesterday that it sees Q2 revenues growing 23% to 25% sequentially, vs. prior expectations for a 5% to 10% growth. Q2 Non-GAAP Gross margin is now expected to be in the upper half of the company's original guidance range of 47% to 49%.