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

Target and Analyst Ratings
Price Target History
Upgrades and Downgrades
About
FAQ

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 As of 06/18/2021 01:00 AM ET

▼ -0.88 (-1.38%)

1 month | 3 months | 12 months

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Analyst Price Target for SIMO

^$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

Ratings as of

12/28/2019

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

Ratings as of

3/27/2020

0 strong buy ratings
8 buy ratings
4 hold ratings
0 sell ratings

Ratings as of

6/25/2020

0 strong buy ratings
8 buy ratings
3 hold ratings
0 sell ratings

Ratings as of

9/23/2020

0 strong buy ratings
8 buy ratings
3 hold ratings
0 sell ratings

Ratings as of

12/22/2020

0 strong buy ratings
7 buy ratings
2 hold ratings
0 sell ratings

Ratings as of

3/22/2021

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

Ratings as of

5/21/2021

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

Ratings as of

6/20/2021

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
5/25/2021	Morgan Stanley	Reiterated Rating	Equal Weight ➝ Underweight		N/A
5/19/2021	Morgan Stanley	Downgrade	Equal Weight ➝ Underweight	$60.00	Low
5/7/2021	B. Riley	Boost Price Target	Buy	$88.00 ➝ $94.00	High
5/6/2021	Needham & Company LLC	Boost Price Target	Buy	$82.00 ➝ $100.00	Medium
4/13/2021	Needham & Company LLC	Boost Price Target	Buy	$72.00 ➝ $82.00	Low
4/9/2021	B. Riley	Boost Price Target	Buy	$75.00 ➝ $88.00	Low
4/8/2021	Roth Capital	Boost Price Target	Buy	$70.00 ➝ $90.00	Low
2/5/2021	B. Riley	Boost Price Target	Buy	$63.00 ➝ $75.00	High
2/4/2021	Roth Capital	Boost Price Target	Buy	$60.00 ➝ $70.00	High
2/4/2021	Needham & Company LLC	Boost Price Target	Buy	$60.00 ➝ $72.00	Low
2/4/2021	Craig Hallum	Boost Price Target	Buy	$55.00 ➝ $100.00	High
1/25/2021	B. Riley	Boost Price Target	Buy	$55.00 ➝ $63.00	High
1/8/2021	B. Riley	Boost Price Target	Buy	$54.00 ➝ $55.00	High
10/7/2020	Needham & Company LLC	Reiterated Rating	Buy	$55.00	Low
9/24/2020	Wedbush	Upgrade	Neutral ➝ Outperform	$42.00 ➝ $46.00	Medium
7/30/2020	Susquehanna Bancshares	Reiterated Rating	Hold	$45.00	Medium
7/30/2020	Royal Bank of Canada	Reiterated Rating	Hold	$45.00	Medium
7/30/2020	Needham & Company LLC	Lower Price Target	Buy	$62.00 ➝ $55.00	Medium
6/22/2020	Cowen	Boost Price Target	Outperform	$54.00 ➝ $60.00	Medium
5/19/2020	Needham & Company LLC	Initiated Coverage	Buy	$62.00	High
4/30/2020	B. Riley	Boost Price Target	Buy	$55.00 ➝ $58.00	Medium
4/29/2020	Susquehanna Bancshares	Reiterated Rating	Hold	$51.00	High
4/29/2020	Craig Hallum	Reiterated Rating	Buy	$50.00 ➝ $55.00	High
4/29/2020	Needham & Company LLC	Lower Price Target	Buy	$65.00 ➝ $62.00	Low
4/9/2020	Needham & Company LLC	Reiterated Rating	Buy	$65.00	N/A
4/9/2020	B. Riley	Boost Price Target	Buy	$45.00 ➝ $55.00	Medium
3/26/2020	Bank of America	Upgrade	Underperform ➝ Buy	$45.00	Low
3/19/2020	B. Riley	Lower Price Target	Buy	$54.00 ➝ $45.00	Medium
3/17/2020	Craig Hallum	Lower Price Target	Buy	$60.00 ➝ $50.00	Low
3/16/2020	Needham & Company LLC	Reiterated Rating	Buy	$65.00	High
2/25/2020	Bank of America	Downgrade	Buy ➝ Underperform	$40.00	High
2/10/2020	Cowen	Boost Price Target	Outperform	$55.00 ➝ $56.00	High
2/9/2020	Nomura Securities	Reiterated Rating	Buy	$60.00	High
2/7/2020	B. Riley	Reiterated Rating	Buy	$65.00 ➝ $59.00	High
2/7/2020	Summit Insights	Downgrade	Buy ➝ Hold		Medium
2/3/2020	Nomura Securities	Upgrade	Neutral ➝ Buy		Low
1/10/2020	Craig Hallum	Boost Price Target	Buy	$52.00 ➝ $60.00	Low
1/8/2020	Roth Capital	Boost Price Target	Buy	$55.00 ➝ $60.00	High
1/7/2020	B. Riley	Boost Price Target	Buy	$55.00 ➝ $65.00	Low
10/30/2019	Needham & Company LLC	Boost Price Target		$44.00 ➝ $55.00	Medium
10/30/2019	Roth Capital	Boost Price Target		$45.00 ➝ $55.00	Medium
10/22/2019	Wedbush	Initiated Coverage	Neutral	$39.00	Medium
10/7/2019	Nomura Securities	Upgrade	Reduce ➝ Neutral		Low
9/10/2019	KeyCorp	Set Price Target	Hold	$58.00	Low
8/9/2019	Needham & Company LLC	Reiterated Rating	Buy		Medium
8/1/2019	Roth Capital	Lower Price Target	Buy	$50.00 ➝ $45.00	Medium
8/1/2019	JPMorgan Chase & Co.	Downgrade	Overweight ➝ Neutral	$50.00 ➝ $40.00	Medium
8/1/2019	Cowen	Reiterated Rating	Outperform ➝ Outperform	$45.00 ➝ $42.00	Medium
5/6/2019	B. Riley	Boost Price Target	Buy	$52.00 ➝ $55.00	Low
5/6/2019	Cowen	Reiterated Rating	Outperform ➝ Outperform	$43.00 ➝ $45.00	Low
4/22/2019	Morgan Stanley	Downgrade	Equal Weight ➝ Underweight		High
4/10/2019	B. Riley	Lower Price Target	Buy	$53.00 ➝ $52.00	Low
1/31/2019	Needham & Company LLC	Reiterated Rating	Buy	$47.00	Low
1/28/2019	Craig Hallum	Reiterated Rating	Buy ➝ Buy	$55.00 ➝ $52.00	Medium
1/18/2019	Bank of America	Upgrade	Underperform ➝ Buy	$45.00	Low
1/17/2019	Needham & Company LLC	Reiterated Rating	Buy ➝ Buy	$58.00 ➝ $50.00	Low
1/9/2019	Roth Capital	Lower Price Target	Buy	$50.00 ➝ $45.00	Medium
12/14/2018	Morgan Stanley	Downgrade	Overweight ➝ Equal Weight	$34.43	High
11/23/2018	Needham & Company LLC	Reiterated Rating	Buy	$58.00	Low
11/1/2018	B. Riley	Lower Price Target	Buy ➝ Buy	$68.75 ➝ $57.00	High
11/1/2018	Lake Street Capital	Set Price Target	Buy	$46.00	High
10/31/2018	Craig Hallum	Lower Price Target	Buy	$60.00 ➝ $55.00	Low
10/31/2018	Cowen	Lower Price Target	Outperform	$67.00 ➝ $55.00	Low
10/10/2018	JPMorgan Chase & Co.	Set Price Target	Buy	$63.00	Medium
9/25/2018	KeyCorp	Initiated Coverage	Sector Weight ➝ Sector Weight	$60.00	Low
9/21/2018	Morgan Stanley	Upgrade	Equal Weight ➝ Overweight	$59.00	Low
8/15/2018	Cowen	Upgrade	Market Perform ➝ Outperform	$53.00	High
8/2/2018	Morgan Stanley	Reiterated Rating	Equal Weight		Low
8/1/2018	Roth Capital	Boost Price Target	Buy	$65.00	Low
8/1/2018	Needham & Company LLC	Reiterated Rating	Buy	$60.00	Low
8/1/2018	Morgan Stanley	Downgrade	Overweight ➝ Equal	$54.00	High
7/5/2018	KeyCorp	Boost Price Target	Overweight ➝ Overweight	$54.00 ➝ $60.00	Medium
6/22/2018	Benchmark	Initiated Coverage	Buy	$62.00	Medium
6/19/2018	Needham & Company LLC	Boost Price Target	Buy	$57.00 ➝ $60.00	Low
5/22/2018	Cowen	Initiated Coverage	Market Perform	$53.00	Medium
4/27/2018	Needham & Company LLC	Upgrade	Buy	$57.00	High
3/28/2018	JPMorgan Chase & Co.	Initiated Coverage	Buy	$60.00	Low
2/7/2018	KeyCorp	Reiterated Rating	Buy	$54.00	High
1/17/2018	Needham & Company LLC	Reiterated Rating	Buy	$57.00	Low
1/16/2018	B. Riley	Reiterated Rating	Buy	$68.75	Low
1/16/2018	Susquehanna Bancshares	Reiterated Rating	Positive ➝ Neutral	$60.00 ➝ $48.00	High
1/16/2018	UBS Group	Downgrade	Positive ➝ Neutral		High
1/10/2018	Nomura Securities	Downgrade	Neutral ➝ Reduce	$45.00	High
1/8/2018	B. Riley	Reiterated Rating	Buy	$68.75	Low
12/14/2017	KeyCorp	Boost Price Target	Overweight	$55.00 ➝ $60.00	Low
12/7/2017	Summit Redstone	Upgrade	Hold ➝ Buy		Low
10/29/2017	Northland Securities	Reiterated Rating	Buy	$60.00	N/A
10/27/2017	Needham & Company LLC	Reiterated Rating	Buy	$57.00	N/A
10/25/2017	B. Riley	Set Price Target	Buy	$69.00	N/A
10/24/2017	Roth Capital	Boost Price Target	Buy	$55.00 ➝ $60.00	N/A
10/9/2017	Needham & Company LLC	Reiterated Rating	Buy	$54.00 ➝ $57.00	N/A
10/9/2017	Loop Capital	Boost Price Target	Buy	$51.00 ➝ $59.00	N/A
9/22/2017	Needham & Company LLC	Reiterated Rating	Buy	$54.00	Low
8/30/2017	Standpoint Research	Upgrade	Reduce ➝ Buy		High
8/22/2017	Loop Capital	Reiterated Rating	Buy	$51.00	Low
8/8/2017	Lake Street Capital	Reiterated Rating	Buy	$56.00 ➝ $50.00	Low
8/7/2017	B. Riley	Reiterated Rating	Buy	$68.75	Low
8/2/2017	B. Riley	Reiterated Rating	Buy	$68.75	High
8/2/2017	Craig Hallum	Reiterated Rating	Buy	$67.00 ➝ $60.00	High
8/2/2017	Lake Street Capital	Reiterated Rating	Buy ➝ Buy	$56.00 ➝ $50.00	High
8/1/2017	Roth Capital	Lower Price Target	Buy	$60.00 ➝ $55.00	Medium
7/22/2017	Summit Redstone	Reiterated Rating	Hold		Low
7/15/2017	B. Riley	Reiterated Rating	Buy	$68.75	Low
7/10/2017	B. Riley	Reiterated Rating	Buy	$68.75	Medium
7/10/2017	Loop Capital	Lower Price Target	Buy	$61.00 ➝ $54.00	Medium
7/7/2017	Needham & Company LLC	Reiterated Rating	Buy	$56.00 ➝ $54.00	Low
6/21/2017	Pacific Crest	Reiterated Rating	Overweight	$62.00	Low
6/6/2017	Loop Capital	Reiterated Rating	Buy	$53.00 ➝ $61.00	Low
6/6/2017	Standpoint Research	Downgrade	Buy ➝ Reduce		Low
5/6/2017	B. Riley	Reiterated Rating	Buy	$68.75	Low
5/1/2017	B. Riley	Reiterated Rating	Buy	$68.75	High
5/1/2017	Pacific Crest	Boost Price Target	Overweight	$51.00 ➝ $53.00	High
4/26/2017	B. Riley	Reiterated Rating	Buy	$68.75	Low
4/11/2017	Needham & Company LLC	Reiterated Rating	Buy	$60.00 ➝ $56.00	Low
3/7/2017	Standpoint Research	Upgrade	Hold ➝ Buy	$55.00	N/A
1/29/2017	B. Riley	Reiterated Rating	Buy	$68.75	N/A
1/24/2017	B. Riley	Reiterated Rating	Buy	$68.75	N/A
1/24/2017	Needham & Company LLC	Reiterated Rating	Buy	$60.00	N/A
1/24/2017	Nomura Instinet	Downgrade	Buy ➝ Neutral	$62.00 ➝ $50.00	N/A
1/21/2017	Loop Capital	Reiterated Rating	Buy		N/A
1/20/2017	Nomura Securities	Downgrade	Buy ➝ Neutral	$50.00	N/A
1/17/2017	B. Riley	Reiterated Rating	Buy	$68.75	N/A
1/12/2017	B. Riley	Reiterated Rating	Buy	$68.75	N/A
1/11/2017	Needham & Company LLC	Reiterated Rating	Buy	$60.00	N/A
1/6/2017	Brean Capital	Reiterated Rating	Buy	$60.00	N/A
1/3/2017	Pacific Crest	Initiated Coverage	Overweight	$54.00	N/A
12/30/2016	Brean Capital	Reiterated Rating	Buy		N/A
12/28/2016	Northland Securities	Reiterated Rating	Outperform	$60.00	N/A
12/5/2016	Loop Capital	Initiated Coverage	Buy	$55.00	N/A
12/1/2016	Brean Capital	Reiterated Rating	Buy		N/A
11/3/2016	B. Riley	Reiterated Rating	Buy	$68.75	N/A
10/29/2016	B. Riley	Reiterated Rating	Buy	$68.75	N/A
10/24/2016	B. Riley	Reiterated Rating	Buy	$68.75	N/A
10/5/2016	Northland Securities	Reiterated Rating	Outperform	$60.00	N/A
10/1/2016	Susquehanna Bancshares	Set Price Target	Buy	$60.00	N/A
9/28/2016	Roth Capital	Initiated Coverage	Buy	$60.00	N/A
9/7/2016	Needham & Company LLC	Reiterated Rating	Buy	$60.00	N/A
7/26/2016	Brean Capital	Reiterated Rating	Buy	$60.00	N/A
7/25/2016	B. Riley	Reiterated Rating	Buy	$66.50	N/A
7/19/2016	B. Riley	Reiterated Rating	Buy	$64.50	N/A
7/18/2016	Brean Capital	Reiterated Rating	Buy		N/A
7/12/2016	Nomura Securities	Reiterated Rating	Buy	$46.00 ➝ $62.00	N/A
7/11/2016	Brean Capital	Reiterated Rating	Buy	$46.00 ➝ $60.00	N/A
7/7/2016	Needham & Company LLC	Reiterated Rating	Buy	$47.00 ➝ $60.00	N/A
7/6/2016	Susquehanna Bancshares	Reiterated Rating	Positive	$48.00 ➝ $56.00	N/A
7/2/2016	B. Riley	Reiterated Rating	Buy	$47.75	N/A
6/29/2016	Needham & Company LLC	Reiterated Rating	Buy	$47.00	N/A
6/27/2016	B. Riley	Reiterated Rating	Buy	$47.75	N/A

(Data available from 6/20/2016 forward)

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.

Today's Range

Now: $62.75

$62.07

$63.54

50 Day Range

MA: $66.04

$62.75

$72.56

52 Week Range

Now: $62.75

$35.13

$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?

Other companies that are similar to Silicon Motion Technology include First Solar, AU Optronics, Lattice Semiconductor, BE Semiconductor Industries, Sumco, Silicon Laboratories, Dialog Semiconductor, Amkor Technology, Shoals Technologies Group, Synaptics, Allegro MicroSystems, Power Integrations, SunPower, Cirrus Logic and Daqo New Energy.

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.