Analysts Set Silicon Motion Technology Corporation (NASDAQ:SIMO) Price Target at $94.38

Shares of Silicon Motion Technology Corporation (NASDAQ:SIMO) have been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $96.4286.

Several brokerages have issued reports on SIMO. B. Riley lifted their price target on Silicon Motion Technology from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Silicon Motion Technology in a research note on Wednesday. Susquehanna lifted their price target on Silicon Motion Technology from $90.00 to $95.00 and gave the stock a “positive” rating in a research note on Friday, August 1st. Roth Capital lifted their price target on Silicon Motion Technology from $70.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, June 17th. Finally, Citigroup raised Silicon Motion Technology to a “buy” rating in a research note on Wednesday, June 18th.

Silicon Motion Technology Stock Down 0.6%

Silicon Motion Technology stock opened at $93.86 on Monday. Silicon Motion Technology has a 52 week low of $37.21 and a 52 week high of $104.90. The business has a 50-day simple moving average of $84.03 and a 200 day simple moving average of $68.41. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 39.60, a PEG ratio of 4.72 and a beta of 1.03.

Silicon Motion Technology (NASDAQ:SIMO) last posted its earnings results on Wednesday, July 30th. The semiconductor producer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.54 by $0.15. Silicon Motion Technology had a return on equity of 10.14% and a net margin of 10.36%.The business had revenue of $198.68 million during the quarter, compared to analysts’ expectations of $180.40 million. During the same period in the previous year, the business earned $0.96 earnings per share. The firm’s revenue was down 5.7% on a year-over-year basis. Silicon Motion Technology has set its Q3 2025 guidance at EPS. On average, research 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

Institutional investors have recently bought and sold shares of the stock. Cerity Partners LLC boosted its holdings in Silicon Motion Technology by 35.9% during the 1st quarter. Cerity Partners LLC now owns 31,413 shares of the semiconductor producer’s stock valued at $1,588,000 after acquiring an additional 8,298 shares during the period. Farther Finance Advisors LLC boosted its holdings in Silicon Motion Technology by 66.8% during the 1st quarter. Farther Finance Advisors LLC now owns 3,819 shares of the semiconductor producer’s stock valued at $195,000 after acquiring an additional 1,529 shares during the period. Hsbc Holdings PLC purchased a new stake in Silicon Motion Technology during the 1st quarter valued at about $238,000. Oppenheimer Asset Management Inc. boosted its holdings in Silicon Motion Technology by 16.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 5,692 shares of the semiconductor producer’s stock valued at $288,000 after acquiring an additional 785 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in Silicon Motion Technology by 65.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 202,721 shares of the semiconductor producer’s stock valued at $15,239,000 after acquiring an additional 80,208 shares during the period. 78.02% of the stock is currently owned by hedge funds and other institutional investors.

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.