NASDAQ:SIMO - Silicon Motion Technology Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $71.11
  • Forecasted Upside: 13.32 %
  • Number of Analysts: 9
  • Breakdown:
  • 1 Sell Ratings
  • 2 Hold Ratings
  • 6 Buy Ratings
  • 0 Strong Buy Ratings
$62.75
▼ -0.88 (-1.38%)
1 month | 3 months | 12 months
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Analyst Price Target for SIMO

Average Price Target: $71.11
▲ +13.32% Upside Potential
This price target is based on 9 analysts offering 12 month price targets for Silicon Motion Technology in the last 3 months. The average price target is $71.11, with a high forecast of $100.00 and a low forecast of $45.00. The average price target represents a 13.32% upside from the last price of $62.75.

Buy

The current consensus among 9 investment analysts is to buy stock in Silicon Motion Technology. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 8 buy ratings
  • 2 hold ratings
  • 1 sell ratings
12/28/2019
  • 0 strong buy ratings
  • 8 buy ratings
  • 3 hold ratings
  • 1 sell ratings
3/27/2020
  • 0 strong buy ratings
  • 8 buy ratings
  • 4 hold ratings
  • 0 sell ratings
6/25/2020
  • 0 strong buy ratings
  • 8 buy ratings
  • 3 hold ratings
  • 0 sell ratings
9/23/2020
  • 0 strong buy ratings
  • 8 buy ratings
  • 3 hold ratings
  • 0 sell ratings
12/22/2020
  • 0 strong buy ratings
  • 7 buy ratings
  • 2 hold ratings
  • 0 sell ratings
3/22/2021
  • 0 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 1 sell ratings
5/21/2021
  • 0 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 1 sell ratings
6/20/2021

Latest Recommendations

  • 0 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
5/25/2021Morgan StanleyReiterated RatingEqual Weight ➝ UnderweightN/A
5/19/2021Morgan StanleyDowngradeEqual Weight ➝ Underweight$60.00Low
5/7/2021B. RileyBoost Price TargetBuy$88.00 ➝ $94.00High
5/6/2021Needham & Company LLCBoost Price TargetBuy$82.00 ➝ $100.00Medium
4/13/2021Needham & Company LLCBoost Price TargetBuy$72.00 ➝ $82.00Low
4/9/2021B. RileyBoost Price TargetBuy$75.00 ➝ $88.00Low
4/8/2021Roth CapitalBoost Price TargetBuy$70.00 ➝ $90.00Low
2/5/2021B. RileyBoost Price TargetBuy$63.00 ➝ $75.00High
2/4/2021Roth CapitalBoost Price TargetBuy$60.00 ➝ $70.00High
2/4/2021Needham & Company LLCBoost Price TargetBuy$60.00 ➝ $72.00Low
2/4/2021Craig HallumBoost Price TargetBuy$55.00 ➝ $100.00High
1/25/2021B. RileyBoost Price TargetBuy$55.00 ➝ $63.00High
1/8/2021B. RileyBoost Price TargetBuy$54.00 ➝ $55.00High
10/7/2020Needham & Company LLCReiterated RatingBuy$55.00Low
9/24/2020WedbushUpgradeNeutral ➝ Outperform$42.00 ➝ $46.00Medium
7/30/2020Susquehanna BancsharesReiterated RatingHold$45.00Medium
7/30/2020Royal Bank of CanadaReiterated RatingHold$45.00Medium
7/30/2020Needham & Company LLCLower Price TargetBuy$62.00 ➝ $55.00Medium
6/22/2020CowenBoost Price TargetOutperform$54.00 ➝ $60.00Medium
5/19/2020Needham & Company LLCInitiated CoverageBuy$62.00High
4/30/2020B. RileyBoost Price TargetBuy$55.00 ➝ $58.00Medium
4/29/2020Susquehanna BancsharesReiterated RatingHold$51.00High
4/29/2020Craig HallumReiterated RatingBuy$50.00 ➝ $55.00High
4/29/2020Needham & Company LLCLower Price TargetBuy$65.00 ➝ $62.00Low
4/9/2020Needham & Company LLCReiterated RatingBuy$65.00N/A
4/9/2020B. RileyBoost Price TargetBuy$45.00 ➝ $55.00Medium
3/26/2020Bank of AmericaUpgradeUnderperform ➝ Buy$45.00Low
3/19/2020B. RileyLower Price TargetBuy$54.00 ➝ $45.00Medium
3/17/2020Craig HallumLower Price TargetBuy$60.00 ➝ $50.00Low
3/16/2020Needham & Company LLCReiterated RatingBuy$65.00High
2/25/2020Bank of AmericaDowngradeBuy ➝ Underperform$40.00High
2/10/2020CowenBoost Price TargetOutperform$55.00 ➝ $56.00High
2/9/2020Nomura SecuritiesReiterated RatingBuy$60.00High
2/7/2020B. RileyReiterated RatingBuy$65.00 ➝ $59.00High
2/7/2020Summit InsightsDowngradeBuy ➝ HoldMedium
2/3/2020Nomura SecuritiesUpgradeNeutral ➝ BuyLow
1/10/2020Craig HallumBoost Price TargetBuy$52.00 ➝ $60.00Low
1/8/2020Roth CapitalBoost Price TargetBuy$55.00 ➝ $60.00High
1/7/2020B. RileyBoost Price TargetBuy$55.00 ➝ $65.00Low
10/30/2019Needham & Company LLCBoost Price Target$44.00 ➝ $55.00Medium
10/30/2019Roth CapitalBoost Price Target$45.00 ➝ $55.00Medium
10/22/2019WedbushInitiated CoverageNeutral$39.00Medium
10/7/2019Nomura SecuritiesUpgradeReduce ➝ NeutralLow
9/10/2019KeyCorpSet Price TargetHold$58.00Low
8/9/2019Needham & Company LLCReiterated RatingBuyMedium
8/1/2019Roth CapitalLower Price TargetBuy$50.00 ➝ $45.00Medium
8/1/2019JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$50.00 ➝ $40.00Medium
8/1/2019CowenReiterated RatingOutperform ➝ Outperform$45.00 ➝ $42.00Medium
5/6/2019B. RileyBoost Price TargetBuy$52.00 ➝ $55.00Low
5/6/2019CowenReiterated RatingOutperform ➝ Outperform$43.00 ➝ $45.00Low
4/22/2019Morgan StanleyDowngradeEqual Weight ➝ UnderweightHigh
4/10/2019B. RileyLower Price TargetBuy$53.00 ➝ $52.00Low
1/31/2019Needham & Company LLCReiterated RatingBuy$47.00Low
1/28/2019Craig HallumReiterated RatingBuy ➝ Buy$55.00 ➝ $52.00Medium
1/18/2019Bank of AmericaUpgradeUnderperform ➝ Buy$45.00Low
1/17/2019Needham & Company LLCReiterated RatingBuy ➝ Buy$58.00 ➝ $50.00Low
1/9/2019Roth CapitalLower Price TargetBuy$50.00 ➝ $45.00Medium
12/14/2018Morgan StanleyDowngradeOverweight ➝ Equal Weight$34.43High
11/23/2018Needham & Company LLCReiterated RatingBuy$58.00Low
11/1/2018B. RileyLower Price TargetBuy ➝ Buy$68.75 ➝ $57.00High
11/1/2018Lake Street CapitalSet Price TargetBuy$46.00High
10/31/2018Craig HallumLower Price TargetBuy$60.00 ➝ $55.00Low
10/31/2018CowenLower Price TargetOutperform$67.00 ➝ $55.00Low
10/10/2018JPMorgan Chase & Co.Set Price TargetBuy$63.00Medium
9/25/2018KeyCorpInitiated CoverageSector Weight ➝ Sector Weight$60.00Low
9/21/2018Morgan StanleyUpgradeEqual Weight ➝ Overweight$59.00Low
8/15/2018CowenUpgradeMarket Perform ➝ Outperform$53.00High
8/2/2018Morgan StanleyReiterated RatingEqual WeightLow
8/1/2018Roth CapitalBoost Price TargetBuy$65.00Low
8/1/2018Needham & Company LLCReiterated RatingBuy$60.00Low
8/1/2018Morgan StanleyDowngradeOverweight ➝ Equal$54.00High
7/5/2018KeyCorpBoost Price TargetOverweight ➝ Overweight$54.00 ➝ $60.00Medium
6/22/2018BenchmarkInitiated CoverageBuy$62.00Medium
6/19/2018Needham & Company LLCBoost Price TargetBuy$57.00 ➝ $60.00Low
5/22/2018CowenInitiated CoverageMarket Perform$53.00Medium
4/27/2018Needham & Company LLCUpgradeBuy$57.00High
3/28/2018JPMorgan Chase & Co.Initiated CoverageBuy$60.00Low
2/7/2018KeyCorpReiterated RatingBuy$54.00High
1/17/2018Needham & Company LLCReiterated RatingBuy$57.00Low
1/16/2018B. RileyReiterated RatingBuy$68.75Low
1/16/2018Susquehanna BancsharesReiterated RatingPositive ➝ Neutral$60.00 ➝ $48.00High
1/16/2018UBS GroupDowngradePositive ➝ NeutralHigh
1/10/2018Nomura SecuritiesDowngradeNeutral ➝ Reduce$45.00High
1/8/2018B. RileyReiterated RatingBuy$68.75Low
12/14/2017KeyCorpBoost Price TargetOverweight$55.00 ➝ $60.00Low
12/7/2017Summit RedstoneUpgradeHold ➝ BuyLow
10/29/2017Northland SecuritiesReiterated RatingBuy$60.00N/A
10/27/2017Needham & Company LLCReiterated RatingBuy$57.00N/A
10/25/2017B. RileySet Price TargetBuy$69.00N/A
10/24/2017Roth CapitalBoost Price TargetBuy$55.00 ➝ $60.00N/A
10/9/2017Needham & Company LLCReiterated RatingBuy$54.00 ➝ $57.00N/A
10/9/2017Loop CapitalBoost Price TargetBuy$51.00 ➝ $59.00N/A
9/22/2017Needham & Company LLCReiterated RatingBuy$54.00Low
8/30/2017Standpoint ResearchUpgradeReduce ➝ BuyHigh
8/22/2017Loop CapitalReiterated RatingBuy$51.00Low
8/8/2017Lake Street CapitalReiterated RatingBuy$56.00 ➝ $50.00Low
8/7/2017B. RileyReiterated RatingBuy$68.75Low
8/2/2017B. RileyReiterated RatingBuy$68.75High
8/2/2017Craig HallumReiterated RatingBuy$67.00 ➝ $60.00High
8/2/2017Lake Street CapitalReiterated RatingBuy ➝ Buy$56.00 ➝ $50.00High
8/1/2017Roth CapitalLower Price TargetBuy$60.00 ➝ $55.00Medium
7/22/2017Summit RedstoneReiterated RatingHoldLow
7/15/2017B. RileyReiterated RatingBuy$68.75Low
7/10/2017B. RileyReiterated RatingBuy$68.75Medium
7/10/2017Loop CapitalLower Price TargetBuy$61.00 ➝ $54.00Medium
7/7/2017Needham & Company LLCReiterated RatingBuy$56.00 ➝ $54.00Low
6/21/2017Pacific CrestReiterated RatingOverweight$62.00Low
6/6/2017Loop CapitalReiterated RatingBuy$53.00 ➝ $61.00Low
6/6/2017Standpoint ResearchDowngradeBuy ➝ ReduceLow
5/6/2017B. RileyReiterated RatingBuy$68.75Low
5/1/2017B. RileyReiterated RatingBuy$68.75High
5/1/2017Pacific CrestBoost Price TargetOverweight$51.00 ➝ $53.00High
4/26/2017B. RileyReiterated RatingBuy$68.75Low
4/11/2017Needham & Company LLCReiterated RatingBuy$60.00 ➝ $56.00Low
3/7/2017Standpoint ResearchUpgradeHold ➝ Buy$55.00N/A
1/29/2017B. RileyReiterated RatingBuy$68.75N/A
1/24/2017B. RileyReiterated RatingBuy$68.75N/A
1/24/2017Needham & Company LLCReiterated RatingBuy$60.00N/A
1/24/2017Nomura InstinetDowngradeBuy ➝ Neutral$62.00 ➝ $50.00N/A
1/21/2017Loop CapitalReiterated RatingBuyN/A
1/20/2017Nomura SecuritiesDowngradeBuy ➝ Neutral$50.00N/A
1/17/2017B. RileyReiterated RatingBuy$68.75N/A
1/12/2017B. RileyReiterated RatingBuy$68.75N/A
1/11/2017Needham & Company LLCReiterated RatingBuy$60.00N/A
1/6/2017Brean CapitalReiterated RatingBuy$60.00N/A
1/3/2017Pacific CrestInitiated CoverageOverweight$54.00N/A
12/30/2016Brean CapitalReiterated RatingBuyN/A
12/28/2016Northland SecuritiesReiterated RatingOutperform$60.00N/A
12/5/2016Loop CapitalInitiated CoverageBuy$55.00N/A
12/1/2016Brean CapitalReiterated RatingBuyN/A
11/3/2016B. RileyReiterated RatingBuy$68.75N/A
10/29/2016B. RileyReiterated RatingBuy$68.75N/A
10/24/2016B. RileyReiterated RatingBuy$68.75N/A
10/5/2016Northland SecuritiesReiterated RatingOutperform$60.00N/A
10/1/2016Susquehanna BancsharesSet Price TargetBuy$60.00N/A
9/28/2016Roth CapitalInitiated CoverageBuy$60.00N/A
9/7/2016Needham & Company LLCReiterated RatingBuy$60.00N/A
7/26/2016Brean CapitalReiterated RatingBuy$60.00N/A
7/25/2016B. RileyReiterated RatingBuy$66.50N/A
7/19/2016B. RileyReiterated RatingBuy$64.50N/A
7/18/2016Brean CapitalReiterated RatingBuyN/A
7/12/2016Nomura SecuritiesReiterated RatingBuy$46.00 ➝ $62.00N/A
7/11/2016Brean CapitalReiterated RatingBuy$46.00 ➝ $60.00N/A
7/7/2016Needham & Company LLCReiterated RatingBuy$47.00 ➝ $60.00N/A
7/6/2016Susquehanna BancsharesReiterated RatingPositive$48.00 ➝ $56.00N/A
7/2/2016B. RileyReiterated RatingBuy$47.75N/A
6/29/2016Needham & Company LLCReiterated RatingBuy$47.00N/A
6/27/2016B. RileyReiterated RatingBuy$47.75N/A
(Data available from 6/20/2016 forward)
Silicon Motion Technology logo
Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. It offers SSDs used in PCs and other devices, as well as eMMC and UFS mobile embedded storage used in smartphones and IOT devices. The company also provides enterprise-grade SSDs used in data centers; and small form-factor specialized SSDs used in industrial, commercial, and automotive applications. It markets its controllers under the SMI brand; enterprise-grade SSDs under the Shannon Systems brand; and single-chip industrial-grade SSDs under the Ferri SSD and Ferri-eMMC brands. The company markets and sells its products through direct sales personnel and independent electronics distributors to flash makers, module makers, hyperscalers, and OEMs. It operates in Taiwan, the United States, South Korea, China, Malaysia, Singapore, and internationally. Silicon Motion Technology Corporation was founded in 1995 and is based in Kowloon, Hong Kong.
Read More

Today's Range

Now: $62.75
Low: $62.07
High: $63.54

50 Day Range

MA: $66.04
Low: $62.75
High: $72.56

52 Week Range

Now: $62.75
Low: $35.13
High: $74.10

Volume

317,875 shs

Average Volume

493,670 shs

Market Capitalization

$2.19 billion

P/E Ratio

24.90

Dividend Yield

2.18%

Beta

1.11

Frequently Asked Questions

What sell-side analysts currently cover shares of Silicon Motion Technology?

The following Wall Street analysts have issued reports on Silicon Motion Technology in the last twelve months: B. Riley, Cowen Inc, Craig Hallum, Morgan Stanley, Needham & Company LLC, Roth Capital, Royal Bank of Canada, Susquehanna Bancshares, Inc., Wedbush, and Zacks Investment Research.
View the latest analyst ratings for SIMO.

What is the current price target for Silicon Motion Technology?

9 Wall Street analysts have set twelve-month price targets for Silicon Motion Technology in the last year. Their average twelve-month price target is $71.11, suggesting a possible upside of 13.3%. Craig Hallum has the highest price target set, predicting SIMO will reach $100.00 in the next twelve months. Royal Bank of Canada has the lowest price target set, forecasting a price of $45.00 for Silicon Motion Technology in the next year.
View the latest price targets for SIMO.

What is the current consensus analyst rating for Silicon Motion Technology?

Silicon Motion Technology currently has 1 sell rating, 2 hold ratings and 6 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe SIMO will outperform the market and that investors should add to their positions of Silicon Motion Technology.
View the latest ratings for SIMO.

What other companies compete with Silicon Motion Technology?

How do I contact Silicon Motion Technology's investor relations team?

Silicon Motion Technology's physical mailing address is 8F-1 NO. 36 TAIYUAN STREET JHUBEI CITY, HSINCHU COUNTY F5, 302. The semiconductor producer's listed phone number is 886-3552-6888 and its investor relations email address is [email protected] The official website for Silicon Motion Technology is www.siliconmotion.com.