Needham & Company Reiterates Buy on Silicon Image (SIMG)

By admin | 6 years ago

Silicon Image (NASDAQ: SIMG)‘s stock had its “buy” rating reaffirmed by Needham & Company in a research note issued on Wednesday.

Separately, analysts at Zacks downgraded shares of Silicon Image from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, February 7th.

Silicon Image traded down 3.80% on Wednesday, hitting $4.8099. Silicon Image has a 1-year low of $4.20 and a 1-year high of $8.60. The company’s market cap is $399.6 million.

The company last announced its quarterly results on Tuesday, May 1st. It reported ($0.01) earnings per share (EPS) for the previous quarter, meeting the Thomson Reuters consensus estimate of ($0.01) EPS. The company’s quarterly revenue was up 12.2% on a year-over-year basis. Analysts expect that Silicon Image will post $0.09 EPS next quarter.

Silicon Image, Inc. (Silicon Image) is engaged in semiconductors and Internet protocol (IP) solutions for the storage, distribution and presentation of high-definition content.

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