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

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

A number of other research firms also recently commented on SIMO. B. Riley boosted their target price on shares of Silicon Motion Technology from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Craig Hallum boosted their target price on shares of Silicon Motion Technology from $70.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Wedbush boosted their target price on shares of Silicon Motion Technology from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Thursday. Roth Capital reiterated a “buy” rating and issued a $120.00 target price on shares of Silicon Motion Technology in a report on Friday. Finally, Zacks Research upgraded shares of Silicon Motion Technology from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $110.71.

Silicon Motion Technology Price Performance

NASDAQ SIMO opened at $98.11 on Monday. The company’s 50 day simple moving average is $90.68 and its 200 day simple moving average is $74.82. Silicon Motion Technology has a 12 month low of $37.21 and a 12 month high of $106.60. The company has a market capitalization of $3.33 billion, a P/E ratio of 41.40, a PEG ratio of 1.75 and a beta of 1.03.

Silicon Motion Technology (NASDAQ:SIMO) last released its earnings results on Thursday, October 30th. The semiconductor producer reported $1.00 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $222.60 million. During the same period in the previous year, the firm earned $0.92 EPS. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. Silicon Motion Technology has set its Q4 2025 guidance at EPS. On average, analysts anticipate that Silicon Motion Technology will post 3.08 earnings per share for the current year.

Institutional Investors Weigh In On Silicon Motion Technology

A number of large investors have recently made changes to their positions in SIMO. Envestnet Asset Management Inc. raised its holdings in shares of Silicon Motion Technology by 77.6% during the first quarter. Envestnet Asset Management Inc. now owns 93,821 shares of the semiconductor producer’s stock valued at $4,744,000 after acquiring an additional 40,981 shares during the period. Cerity Partners LLC increased its stake in Silicon Motion Technology by 35.9% in the 1st quarter. Cerity Partners LLC now owns 31,413 shares of the semiconductor producer’s stock valued at $1,588,000 after buying an additional 8,298 shares during the period. Signaturefd LLC increased its stake in Silicon Motion Technology by 79.3% in the 1st quarter. Signaturefd LLC now owns 1,664 shares of the semiconductor producer’s stock valued at $84,000 after buying an additional 736 shares during the period. Massachusetts Financial Services Co. MA increased its stake in 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 valued at $38,300,000 after buying an additional 61,213 shares during the period. Finally, Easterly Investment Partners LLC increased its stake in 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 valued at $10,545,000 after buying an additional 3,625 shares during the period. Institutional investors and hedge funds own 78.02% of the company’s stock.

About Silicon Motion Technology

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.