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MarketBeat
MarketBeat
Business
Nathan Reiff

Analysts Are All In on This Tech Stock—Why You Should Be, Too

It's not often that a company enjoys unanimous enthusiasm from analysts, but Silicon Motion Technology Corp. (NASDAQ: SIMO) is one such rare case. 

The tech firm, which designs and builds flash memory controllers for use in computers, data centers, smartphones, and more, is just barely in the mid-cap category based on a market value of $2.6 billion. It also lacks the name recognition of many larger rivals in the sector. However, Silicon Motion has a key combination of traits that could take its shares to the stratosphere and make SIMO a breakout star.

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