B. Riley raised the firm’s price target on Silicon Motion (SIMO) to $75 from $70 and keeps a Buy rating on the shares following the Q1 report. The firm is now incrementally more confident in the company’s second half of 2025 revenue and earnings growth acceleration, helped by two new blue chip customer wins.
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Read More on SIMO:
- Simon Woo Maintains Neutral Rating on Silicon Motion Amid Mixed Financial Performance and Demand Risks
- Silicon Motion Reports Q1 2025 Financial Results
- Silicon Motion’s Earnings Call Highlights Strategic Wins
- Positive Outlook for Silicon Motion Technology Corporation Driven by Strategic Wins and Market Expansion
- Silicon Motion Reports Q1 2025 Financial Results Amid Challenging Market Conditions
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