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Silicon Motion price target raised to $100 from $70 at Craig-Hallum

Craig-Hallum analyst Anthony Stoss raised the firm’s price target on Silicon Motion (SIMO) to $100 from $70 and keeps a Buy rating on the shares. The firm notes the company is seeing strong demand for its new enterprise controllers and will begin to ship to its first enterprise revenue in Q4 2025. Silicon Motion has design wins with six customers including two Tier-1s with many others waiting in line. Craig-Hallum believes the company will catch up with this demand to onboard additional customers and this new revenue will have a significant ramp throughout 2026.

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