Silicon Motion price target raised to $150 from $130 at Wedbush

Wedbush analyst Matt Bryson raised the firm’s price target on Silicon Motion (SIMO) to $150 from $130 and keeps an Outperform rating on the shares. The firm says that the single greatest point of concern it encountered heading into Silicon’s report was that a softer PC and handset market and NAND/memory constraints would weigh on end markets, creating headwinds for Silicon in 2026. However, management not only guided Q1 higher, but also forecasted sequential growth through all of 2026, setting up revenues of over $1.2B.