Silicon Image, Inc. (SIMG) was a big mover last session, as the company saw its shares rise over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 11.4% since Sep 29, 2014.
The company has seen no estimate revisions in the past 30 days and the Zacks Consensus Estimate has also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Silicon Image currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the semiconductor industry include Ambarella, Inc. (AMBA), Amkor Technology, Inc. (AMKR) and Avago Technologies Limited (AVGO). All the stocks sport a Zacks Rank #1(Strong Buy.
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