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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Read More on SIMO:
- 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
- Silicon Motion sees Q3 revenue $219M-$228M, consensus $218.3M
- Silicon Motion price target raised to $100 from $90 at BofA