Silicon Motion Technology (NASDAQ:SIMO) Given New $110.00 Price Target at JPMorgan Chase & Co.

Silicon Motion Technology (NASDAQ:SIMO) had its target price raised by equities research analysts at JPMorgan Chase & Co. from $85.00 to $110.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the semiconductor producer’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 12.30% from the stock’s current price.

SIMO has been the subject of a number of other reports. Wedbush set a $120.00 target price on shares of Silicon Motion Technology in a report on Monday. Zacks Research upgraded shares of Silicon Motion Technology from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Craig Hallum boosted their target price on shares of Silicon Motion Technology from $70.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. B. Riley boosted their target price on shares of Silicon Motion Technology from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Finally, Roth Capital reiterated a “buy” rating and issued a $120.00 target price on shares of Silicon Motion Technology in a report on Friday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $111.25.

Silicon Motion Technology Stock Performance

SIMO stock traded down $0.16 during midday trading on Monday, reaching $97.95. The company’s stock had a trading volume of 149,008 shares, compared to its average volume of 416,924. Silicon Motion Technology has a 1 year low of $37.21 and a 1 year high of $106.60. The stock has a fifty day simple moving average of $90.68 and a two-hundred day simple moving average of $74.82. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 41.25, a PEG ratio of 1.75 and a beta of 1.03.

Silicon Motion Technology (NASDAQ:SIMO) last posted its quarterly earnings results on Thursday, October 30th. The semiconductor producer reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Silicon Motion Technology had a return on equity of 10.14% and a net margin of 10.36%.The business had revenue of $242.00 million for the quarter, compared to the consensus estimate of $222.60 million. During the same quarter in the prior year, the company earned $0.92 EPS. The business’s revenue was up 13.9% compared to the same quarter last year. Silicon Motion Technology has set its Q4 2025 guidance at EPS. As a group, analysts forecast that Silicon Motion Technology will post 3.08 EPS for the current fiscal year.

Institutional Trading of Silicon Motion Technology

Institutional investors and hedge funds have recently made changes to their positions in the business. Orion Porfolio Solutions LLC raised its holdings in shares of Silicon Motion Technology by 0.9% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 17,733 shares of the semiconductor producer’s stock valued at $1,333,000 after buying an additional 159 shares during the period. GAMMA Investing LLC increased its holdings in Silicon Motion Technology by 23.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,203 shares of the semiconductor producer’s stock worth $114,000 after purchasing an additional 227 shares during the period. Naples Global Advisors LLC increased its holdings in Silicon Motion Technology by 1.5% during the 3rd quarter. Naples Global Advisors LLC now owns 17,940 shares of the semiconductor producer’s stock worth $1,701,000 after purchasing an additional 260 shares during the period. Assetmark Inc. increased its holdings in Silicon Motion Technology by 15.1% during the 2nd quarter. Assetmark Inc. now owns 2,191 shares of the semiconductor producer’s stock worth $165,000 after purchasing an additional 287 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in Silicon Motion Technology by 169.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 582 shares of the semiconductor producer’s stock worth $44,000 after purchasing an additional 366 shares during the period. 78.02% of the stock is currently owned by hedge funds and other institutional investors.

Silicon Motion Technology Company Profile

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.