$73.30
-0.93[-1.25%]
At close: Apr 18
$73.30
0[0.00%]
After Hours: 4:00PM EDT
Silicon Motion Technology
(NASDAQ:SIMO)Silicon Motion Technology Stock (NASDAQ:SIMO), Analyst Ratings, Price Targets, Predictions
Silicon Motion Technology Corp has a consensus price target of $78.1, established from looking at the 34 latest analyst ratings. The last 3 analyst ratings were released from B. Riley Securities, Wedbush, and Needham on April 10, 2024. With an average price target of $90.33 between B. Riley Securities, Wedbush, and Needham, there's an implied 23.24% upside for Silicon Motion Technology Corp from these 3 analyst ratings.
Analyst Firms Making Recommendations1
B. Riley Securities
Wedbush
Needham
JP Morgan
Roth MKM
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Silicon Motion Technology
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 04/10/2024 | SIMO | Buy Now | Silicon Motion Technology | $73.30 | 37.79% | B. Riley Securities | Craig Ellis | $93 → $101 | Maintains | Buy | Get Alert |
| 04/10/2024 | SIMO | Buy Now | Silicon Motion Technology | $73.30 | 15.96% | Wedbush | Matt Bryson | → $85 | Reiterates | Outperform → Outperform | Get Alert |
| 04/10/2024 | SIMO | Buy Now | Silicon Motion Technology | $73.30 | 15.96% | Needham | Quinn Bolton | $75 → $85 | Maintains | Buy | Get Alert |
| 03/15/2024 | SIMO | Buy Now | Silicon Motion Technology | $73.30 | 26.88% | B. Riley Securities | Craig Ellis | $90 → $93 | Reiterates | Buy → Buy | Get Alert |
| 02/08/2024 | SIMO | Buy Now | Silicon Motion Technology | $73.30 | 15.96% | JP Morgan | Gokul Hariharan | $77 → $85 | Maintains | Overweight | Get Alert |
| 02/08/2024 | SIMO | Buy Now | Silicon Motion Technology | $73.30 | 15.96% | Wedbush | Matt Bryson | → $85 | Reiterates | Outperform → Outperform | Get Alert |
| 02/07/2024 | SIMO | Buy Now | Silicon Motion Technology | $73.30 | 22.78% | B. Riley Securities | Craig Ellis | → $90 | Upgrade | Neutral → Buy | Get Alert |
| 01/08/2024 | SIMO | Buy Now | Silicon Motion Technology | $73.30 | 2.32% | Needham | Quinn Bolton | → $75 | Reiterates | Buy → Buy | Get Alert |
| 01/04/2024 | SIMO | Buy Now | Silicon Motion Technology | $73.30 | 5.05% | JP Morgan | Gokul Hariharan | $54 → $77 | Upgrade | Neutral → Overweight | Get Alert |
| 09/06/2023 | SIMO | Buy Now | Silicon Motion Technology | $73.30 | -18.14% | Roth MKM | Suji Desilva | → $60 | Reiterates | Neutral → Neutral | Get Alert |
| 08/17/2023 | SIMO | Buy Now | Silicon Motion Technology | $73.30 | 15.96% | Wedbush | Matt Bryson | → $85 | Reiterates | Outperform → Outperform | Get Alert |
| 07/28/2023 | SIMO | Buy Now | Silicon Motion Technology | $73.30 | 15.96% | Wedbush | Matt Bryson | $104 → $85 | Maintains | Outperform | Get Alert |
| 07/27/2023 | SIMO | Buy Now | Silicon Motion Technology | $73.30 | 41.88% | Wedbush | Matt Bryson | → $104 | Reiterates | Outperform → Outperform | Get Alert |
| 07/24/2023 | SIMO | Buy Now | Silicon Motion Technology | $73.30 | 44.61% | Craig-Hallum | Anthony Stoss | $120 → $106 | Maintains | Buy | Get Alert |
| 05/19/2023 | SIMO | Buy Now | Silicon Motion Technology | $73.30 | 41.88% | Wedbush | Matt Bryson | $103 → $104 | Maintains | Outperform | Get Alert |
| 05/10/2023 | SIMO | Buy Now | Silicon Motion Technology | $73.30 | 2.32% | Needham | Rajvindra Gill | $85 → $75 | Maintains | Buy | Get Alert |
| 04/19/2023 | SIMO | Buy Now | Silicon Motion Technology | $73.30 | 44.61% | Susquehanna | Mehdi Hosseini | $108 → $106 | Maintains | Positive | Get Alert |
| 02/08/2023 | SIMO | Buy Now | Silicon Motion Technology | $73.30 | 15.96% | Needham | Rajvindra Gill | $75 → $85 | Maintains | Buy | Get Alert |
| 11/02/2022 | SIMO | Buy Now | Silicon Motion Technology | $73.30 | 2.32% | Needham | Rajvindra Gill | → $75 | Upgrade | Hold → Buy | Get Alert |
FAQ
What is the target price for Silicon Motion Technology (SIMO)?
The latest price target for Silicon Motion Technology (NASDAQ: SIMO) was reported by B. Riley Securities on April 10, 2024. The analyst firm set a price target for $101.00 expecting SIMO to rise to within 12 months (a possible 37.79% upside). 16 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Silicon Motion Technology (SIMO)?
The latest analyst rating for Silicon Motion Technology (NASDAQ: SIMO) was provided by B. Riley Securities, and Silicon Motion Technology maintained their buy rating.
When was the last upgrade for Silicon Motion Technology (SIMO)?
The last upgrade for Silicon Motion Technology Corp happened on February 7, 2024 when B. Riley Securities raised their price target to $90. B. Riley Securities previously had a neutral for Silicon Motion Technology Corp.
When was the last downgrade for Silicon Motion Technology (SIMO)?
The last downgrade for Silicon Motion Technology Corp happened on May 6, 2022 when Needham changed their price target from N/A to N/A for Silicon Motion Technology Corp.
When is the next analyst rating going to be posted or updated for Silicon Motion Technology (SIMO)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Silicon Motion Technology, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Silicon Motion Technology was filed on April 10, 2024 so you should expect the next rating to be made available sometime around April 10, 2025.
Is the Analyst Rating Silicon Motion Technology (SIMO) correct?
While ratings are subjective and will change, the latest Silicon Motion Technology (SIMO) rating was a maintained with a price target of $93.00 to $101.00. The current price Silicon Motion Technology (SIMO) is trading at is $73.30, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.