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Silicon Motion price target raised to $95 from $90 at Susquehanna

Susquehanna raised the firm’s price target on Silicon Motion (SIMO) to $95 from $90 and keeps a Positive rating on the shares. The firm said the upside was for the most part driven by a pick up in the core mobile end market, reflecting the company’s increased market share among Chinese OEMs. Looking forward, the ramp of new products including PCIe related SSD controller and BlueField are expected to help sustain the momentum.

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