Silicon Motion Technology (NASDAQ:SIMO) Price Target Raised to $120.00 at Susquehanna

Silicon Motion Technology (NASDAQ:SIMO) had its target price lifted by analysts at Susquehanna from $95.00 to $120.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “positive” rating on the semiconductor producer’s stock. Susquehanna’s price objective would suggest a potential upside of 22.31% from the stock’s previous close.

Other research analysts have also issued reports about the stock. B. Riley lifted their price target on shares of Silicon Motion Technology from $105.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 price target on shares of Silicon Motion Technology in a report on Monday. Wedbush lifted their price target on shares of Silicon Motion Technology from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Thursday. Craig Hallum boosted their target price on shares of Silicon Motion Technology from $70.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, Zacks Research upgraded shares of Silicon Motion Technology from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $110.71.

Silicon Motion Technology Stock Performance

NASDAQ SIMO opened at $98.11 on Monday. Silicon Motion Technology has a one year low of $37.21 and a one year high of $106.60. The company has a 50-day simple moving average of $90.68 and a 200-day simple moving average of $74.82. The firm has a market capitalization of $3.33 billion, a PE ratio of 41.40, a price-to-earnings-growth ratio of 1.75 and a beta of 1.03.

Silicon Motion Technology (NASDAQ:SIMO) last posted its quarterly earnings results on Thursday, October 30th. The semiconductor producer reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. Silicon Motion Technology had a net margin of 10.36% and a return on equity of 10.14%. The business had revenue of $242.00 million during the quarter, compared to analyst estimates of $222.60 million. During the same period in the previous year, the business posted $0.92 EPS. The company’s quarterly revenue was up 13.9% on a year-over-year basis. Silicon Motion Technology has set its Q4 2025 guidance at EPS. Equities analysts forecast that Silicon Motion Technology will post 3.08 earnings per share for the current year.

Institutional Trading of Silicon Motion Technology

A number of institutional investors have recently made changes to their positions in SIMO. Envestnet Asset Management Inc. lifted its stake in shares of Silicon Motion Technology by 77.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 93,821 shares of the semiconductor producer’s stock worth $4,744,000 after acquiring an additional 40,981 shares during the period. Cerity Partners LLC lifted its stake in shares of Silicon Motion Technology by 35.9% in the 1st quarter. Cerity Partners LLC now owns 31,413 shares of the semiconductor producer’s stock worth $1,588,000 after acquiring an additional 8,298 shares during the period. Signaturefd LLC lifted its stake in shares of Silicon Motion Technology by 79.3% in the 1st quarter. Signaturefd LLC now owns 1,664 shares of the semiconductor producer’s stock worth $84,000 after acquiring an additional 736 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Silicon Motion Technology by 8.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 757,506 shares of the semiconductor producer’s stock worth $38,300,000 after acquiring an additional 61,213 shares during the period. Finally, Easterly Investment Partners LLC lifted its stake in shares of Silicon Motion Technology by 1.8% in the 1st quarter. Easterly Investment Partners LLC now owns 208,556 shares of the semiconductor producer’s stock worth $10,545,000 after acquiring an additional 3,625 shares during the period. 78.02% of the stock is owned by institutional investors and hedge funds.

Silicon Motion Technology Company Profile

Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. The company offers controllers for computing-grade solid state drives (SSDs), which are used in PCs and other client devices; enterprise-grade SSDs used in data centers; eMMC and UFS mobile embedded storage for use in smartphones and IoT devices; flash memory cards and flash drives for use in expandable storage; and specialized SSDs that are used in industrial, commercial, and automotive applications.