B. Riley raised the firm’s price target on Silicon Motion (SIMO) to $105 from $90 and keeps a Buy rating on the shares. The company reported strong Q2 results and issued a solid Q3 outlook, the analyst tells investors in a research note. The firm believes Silicon Motion’s new product revenues will drive further share upside.
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Read More on SIMO:
- Silicon Motion price target raised to $100 from $70 at Craig-Hallum
- Silicon Motion price target raised to $95 from $90 at Susquehanna
- Silicon Motion Reports Q2 2025 Financial Results
- Silicon Motion’s Market Growth and Strategic Advancements Justify Buy Rating
- Silicon Motion reports Q2 adjusted EPS 69c, consensus 53c