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Silicon Motion Technology - SIMO Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $85.56
  • Forecasted Upside: 39.93%
  • Number of Analysts: 9
  • Breakdown:
  • 1 Sell Ratings
  • 0 Hold Ratings
  • 8 Buy Ratings
  • 0 Strong Buy Ratings
$61.14 As of 10/4/2024 01:00 AM ET
▲ +0.15 (0.25%)

This chart shows the closing price for SIMO by one month, three months, or twelve months.

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Analyst Price Target for SIMO

Analyst Price Target is $85.56
▲ +39.93% 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 $85.56, with a high forecast of $110.00 and a low forecast of $60.00. The average price target represents a 39.93% upside from the last price of $61.14.

This chart shows the closing price for SIMO for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 9 polled investment analysts is to moderate buy stock in Silicon Motion Technology. This rating has held steady since August 2024, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
4/13/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
7/12/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
10/10/2023
  • 0 strong buy ratings
  • 6 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
1/8/2024
  • 0 strong buy ratings
  • 7 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
4/7/2024
  • 0 strong buy ratings
  • 8 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
7/6/2024
  • 0 strong buy ratings
  • 8 buy ratings
  • 0 hold ratings
  • 1 sell ratings
Ratings as of
9/4/2024
  • 0 strong buy ratings
  • 8 buy ratings
  • 0 hold ratings
  • 1 sell ratings
Ratings as of
10/4/2024

Latest Recommendations

  • 0 strong buy ratings
  • 8 buy ratings
  • 0 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
10/2/2024WedbushReiterated RatingOutperform ➝ Outperform$90.00 ➝ $90.00
9/16/2024Morgan StanleyLower TargetOverweight ➝ Overweight$78.00 ➝ $65.00
8/16/2024Bank of AmericaDowngradeBuy ➝ Underperform$90.00 ➝ $60.00
8/5/2024B. RileyLower TargetBuy ➝ Buy$112.00 ➝ $95.00
7/8/2024B. RileyBoost TargetBuy ➝ Buy$109.00 ➝ $112.00
7/8/2024Needham & Company LLCBoost TargetBuy ➝ Buy$85.00 ➝ $94.00
5/6/2024B. RileyBoost TargetBuy ➝ Buy$101.00 ➝ $105.00
5/6/2024SusquehannaBoost TargetPositive ➝ Positive$100.00 ➝ $110.00
5/6/2024Needham & Company LLCReiterated RatingBuy ➝ Buy$85.00
5/6/2024Craig HallumBoost TargetBuy ➝ Buy$80.00 ➝ $96.00
5/6/2024Morgan StanleyUpgradeEqual Weight ➝ Overweight$59.00 ➝ $88.00
5/3/2024WedbushReiterated RatingOutperform ➝ Outperform$85.00
4/10/2024B. RileyBoost TargetBuy ➝ Buy$93.00 ➝ $101.00
4/10/2024WedbushReiterated RatingOutperform ➝ Outperform$85.00
4/10/2024Needham & Company LLCBoost TargetBuy ➝ Buy$75.00 ➝ $85.00
3/15/2024B. RileyReiterated RatingBuy ➝ Buy$90.00 ➝ $93.00
2/8/2024JPMorgan Chase & Co.Boost TargetOverweight ➝ Overweight$77.00 ➝ $85.00
2/8/2024WedbushReiterated RatingOutperform ➝ Outperform$85.00
2/7/2024B. RileyUpgradeNeutral ➝ Buy$64.00 ➝ $90.00
2/7/2024Craig HallumBoost TargetBuy$75.00 ➝ $80.00
1/8/2024Needham & Company LLCReiterated RatingBuy ➝ Buy$75.00
1/5/2024WedbushReiterated RatingOutperform$85.00
1/4/2024JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$54.00 ➝ $77.00
11/2/2023Roth MkmUpgradeNeutral ➝ Buy$60.00 ➝ $75.00
10/5/2023WedbushReiterated RatingOutperform$85.00
9/6/2023Roth MkmReiterated RatingNeutral ➝ Neutral$60.00
8/17/2023WedbushReiterated RatingOutperform ➝ Outperform$85.00
7/28/2023WedbushLower Target$104.00 ➝ $85.00
7/28/2023SusquehannaLower Target$106.00 ➝ $102.00
7/27/2023WedbushReiterated RatingOutperform ➝ Outperform$104.00
7/27/2023B. RileyLower Target$107.00 ➝ $59.00
7/24/2023Craig HallumLower TargetBuy$120.00 ➝ $106.00
5/19/2023888Reiterated RatingMaintains
5/19/2023WedbushBoost Target$103.00 ➝ $104.00
4/19/2023SusquehannaLower TargetPositive$108.00 ➝ $106.00
2/8/2023Needham & Company LLCBoost TargetBuy$75.00 ➝ $85.00
11/2/2022Needham & Company LLCUpgradeHold ➝ Buy$75.00
10/5/2022Susquehanna BancsharesUpgradePositive$108.00
10/5/2022SusquehannaUpgradeNeutral ➝ Positive$108.00
8/1/2022B. RileyLower Target$114.00 ➝ $107.00
7/28/2022WedbushLower Target$115.00 ➝ $110.00
5/6/2022B. RileyDowngradeBuy ➝ Neutral
5/5/2022Susquehanna BancsharesDowngradePositive ➝ Neutral
5/5/2022SusquehannaDowngradePositive ➝ Neutral
5/5/2022Needham & Company LLCDowngradeBuy ➝ Hold
5/5/2022Roth CapitalDowngradeBuy ➝ Neutral
4/11/2022B. RileyLower TargetBuy$135.00 ➝ $106.00
1/28/2022Needham & Company LLCBoost TargetBuy$115.00 ➝ $130.00
1/28/2022CowenBoost Target$105.00 ➝ $110.00
1/28/2022B. RileyBoost TargetBuy$130.00 ➝ $135.00
1/10/2022B. RileyBoost Target$125.00 ➝ $130.00
12/9/2021Needham & Company LLCReiterated RatingBuy$115.00
12/8/2021B. RileyBoost TargetBuy$113.00 ➝ $125.00
12/7/2021CowenBoost TargetOutperform$100.00 ➝ $105.00
10/29/2021Susquehanna BancsharesUpgradeNeutral ➝ Positive$85.00 ➝ $90.00
10/29/2021SusquehannaUpgradeNeutral ➝ Positive$85.00 ➝ $90.00
8/12/2021Morgan StanleyUpgradeUnderweight ➝ Equal Weight$68.00 ➝ $78.00
8/2/2021CowenBoost TargetOutperform$85.00 ➝ $100.00
8/2/2021Craig HallumBoost TargetBuy$100.00 ➝ $120.00
8/2/2021Needham & Company LLCBoost TargetBuy$100.00 ➝ $115.00
8/2/2021B. RileyBoost TargetBuy$94.00 ➝ $110.00
5/25/2021Morgan StanleyReiterated RatingEqual Weight ➝ Underweight
5/19/2021Morgan StanleyDowngradeEqual Weight ➝ Underweight$60.00
5/7/2021B. RileyBoost TargetBuy$88.00 ➝ $94.00
5/6/2021Needham & Company LLCBoost TargetBuy$82.00 ➝ $100.00
4/13/2021Needham & Company LLCBoost TargetBuy$72.00 ➝ $82.00
4/9/2021B. RileyBoost TargetBuy$75.00 ➝ $88.00
4/8/2021Roth CapitalBoost TargetBuy$70.00 ➝ $90.00
2/5/2021B. RileyBoost TargetBuy$63.00 ➝ $75.00
2/4/2021Roth CapitalBoost TargetBuy$60.00 ➝ $70.00
2/4/2021Needham & Company LLCBoost TargetBuy$60.00 ➝ $72.00
2/4/2021Craig HallumBoost TargetBuy$55.00 ➝ $100.00
1/25/2021B. RileyBoost TargetBuy$55.00 ➝ $63.00
1/8/2021B. RileyBoost TargetBuy$54.00 ➝ $55.00
10/7/2020Needham & Company LLCReiterated RatingBuy$55.00
9/24/2020WedbushUpgradeNeutral ➝ Outperform$42.00 ➝ $46.00
7/30/2020Susquehanna BancsharesReiterated RatingHold$45.00
7/30/2020Royal Bank of CanadaReiterated RatingHold$45.00
7/30/2020Needham & Company LLCLower TargetBuy$62.00 ➝ $55.00
6/22/2020CowenBoost TargetOutperform$54.00 ➝ $60.00
5/19/2020Needham & Company LLCInitiated CoverageBuy$62.00
4/30/2020B. RileyBoost TargetBuy$55.00 ➝ $58.00
4/29/2020Susquehanna BancsharesReiterated RatingHold$51.00
4/29/2020Craig HallumReiterated RatingBuy$50.00 ➝ $55.00
4/29/2020Needham & Company LLCLower TargetBuy$65.00 ➝ $62.00
4/9/2020Needham & Company LLCReiterated RatingBuy$65.00
4/9/2020B. RileyBoost TargetBuy$45.00 ➝ $55.00
3/26/2020Bank of AmericaUpgradeUnderperform ➝ Buy$45.00
3/19/2020B. RileyLower TargetBuy$54.00 ➝ $45.00
3/17/2020Craig HallumLower TargetBuy$60.00 ➝ $50.00
3/16/2020Needham & Company LLCReiterated RatingBuy$65.00
2/25/2020Bank of AmericaDowngradeBuy ➝ Underperform$40.00
2/10/2020CowenBoost TargetOutperform$55.00 ➝ $56.00
2/9/2020Nomura SecuritiesReiterated RatingBuy$60.00
2/7/2020B. RileyReiterated RatingBuy$65.00 ➝ $59.00
2/7/2020Summit InsightsDowngradeBuy ➝ Hold
2/3/2020Nomura SecuritiesUpgradeNeutral ➝ Buy
1/10/2020Craig HallumBoost TargetBuy$52.00 ➝ $60.00
1/8/2020Roth CapitalBoost TargetBuy$55.00 ➝ $60.00
1/7/2020B. RileyBoost TargetBuy$55.00 ➝ $65.00
10/30/2019Needham & Company LLCBoost Target$44.00 ➝ $55.00
10/30/2019Roth CapitalBoost Target$45.00 ➝ $55.00
10/22/2019WedbushInitiated CoverageNeutral$39.00
10/7/2019Nomura SecuritiesUpgradeReduce ➝ Neutral
(Data available from 10/4/2019 forward)

News Sentiment Rating

1.35 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 16 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Mentions as of
3/8/2024
  • 8 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/7/2024
  • 13 very positive mentions
  • 16 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
5/7/2024
  • 13 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/6/2024
  • 12 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/6/2024
  • 16 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/5/2024
  • 5 very positive mentions
  • 8 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
9/4/2024
  • 17 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/4/2024

Current Sentiment

  • 17 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Silicon Motion Technology logo
Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. The company offers controllers for computing-grade solid state drives (SSDs), which are used in PCs and other client devices; enterprise-grade SSDs used in data centers; eMMC and UFS mobile embedded storage for use in smartphones and IoT devices; flash memory cards and flash drives for use in expandable storage; and specialized SSDs that are 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 FerriSSD, Ferri-eMMC, and Ferri-UFS brands. The company markets and sells its products through direct sales personnel and independent electronics distributors to NAND flash makers, module makers, hyperscalers, and OEMs. It operates in Taiwan, the United States, Korea, China, Malaysia, Singapore, and internationally. The company was founded in 1995 and is based in Hong Kong, Hong Kong.
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Today's Range

Now: $61.14
Low: $60.59
High: $62.30

50 Day Range

MA: $61.05
Low: $54.94
High: $70.08

52 Week Range

Now: $61.14
Low: $51.85
High: $85.87

Volume

228,949 shs

Average Volume

393,970 shs

Market Capitalization

$2.06 billion

P/E Ratio

34.74

Dividend Yield

3.34%

Beta

0.83

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, Bank of America Co., Craig Hallum, JPMorgan Chase & Co., Morgan Stanley, Needham & Company LLC, Roth Mkm, StockNews.com, Susquehanna, and Wedbush.
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 $85.56, suggesting a possible upside of 39.9%. Susquehanna has the highest price target set, predicting SIMO will reach $110.00 in the next twelve months. Bank of America Co. has the lowest price target set, forecasting a price of $60.00 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 and 8 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for SIMO.

What other companies compete with Silicon Motion Technology?

Other companies that are similar to Silicon Motion Technology include Ultra Clean, OSI Systems, CEVA, Xperi and Rambus. Learn More about companies similar to 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 (522) 307-4768 and its investor relations email address is [email protected]. The official website for Silicon Motion Technology is www.siliconmotion.com. Learn More about contacing Silicon Motion Technology investor relations.