Silicon Motion price target raised to $140 from $120 at Roth Capital

Roth Capital raised the firm’s price target on Silicon Motion (SIMO) to $140 from $120 and keeps a Buy rating on the shares. The company reported “solid” Q4 revenue growth and guided Q1 growth well above consensus, the analyst tells investors in a research note. The firm says Silicon Motion expects sequential growth throughout the year. Roth remains optimistic about the company’s share gains in smartphone and notebook.