Are Analysts Bullish Silicon Motion Technology Corporation (NASDAQ:SIMO) After Last Week?

Silicon Motion Technology Corporation (NASDAQ:SIMO) Logo

Silicon Motion Technology Corporation (NASDAQ:SIMO) Ratings Coverage

Among 2 analysts covering Silicon Motion Technology (NASDAQ:SIMO), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Silicon Motion Technology has $52 highest and $4000 lowest target. $46’s average target is 34.98% above currents $34.08 stock price. Silicon Motion Technology had 5 analyst reports since April 10, 2019 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, April 10 by FBR Capital. JP Morgan downgraded Silicon Motion Technology Corporation (NASDAQ:SIMO) rating on Thursday, August 1. JP Morgan has “Neutral” rating and $4000 target. Below is a list of Silicon Motion Technology Corporation (NASDAQ:SIMO) latest ratings and price target changes.

01/08/2019 Broker: JP Morgan Old Rating: Overweight New Rating: Neutral Old Target: $50.0000 New Target: $40.0000 Downgrade
06/06/2019 Broker: BidaskScore Rating: Buy Upgrade
15/05/2019 Broker: BidaskScore Rating: Buy Upgrade
08/05/2019 Broker: BidaskScore Rating: Hold Upgrade
10/04/2019 Broker: FBR Capital Old Rating: Buy New Rating: Buy Old Target: $53 New Target: $52 Maintain

The stock decreased 1.45% or $0.5 during the last trading session, reaching $34.08. About 92,796 shares traded. Silicon Motion Technology Corporation (NASDAQ:SIMO) has declined 31.43% since September 13, 2018 and is downtrending. It has underperformed by 31.43% the S&P500.

Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets semiconductor solutions for the mobile storage and mobile communications markets worldwide. The company has market cap of $1.23 billion. It offers embedded storage and expandable storage products, including NAND flash controllers, such as embedded MultiMediaCard , client solid-state drive (SSD), flash memory card, and Universal Serial Bus flash drive controllers. It has a 15.41 P/E ratio. The firm also provides specialty storage solutions, such as customized enterprise-grade Peripheral Component Interconnect Express (PCIe) SSDs; and industrial-grade and commercial-grade single-chip SSDs.

More notable recent Silicon Motion Technology Corporation (NASDAQ:SIMO) news were published by: Nasdaq.com which released: “Silicon Motion (SIMO) Q2 Earnings Beat, Revenues Down Y/Y – Nasdaq” on July 31, 2019, also Globenewswire.com with their article: “Silicon Motion Announces Preliminary Second Quarter 2019 Revenue and Earnings Conference Call Details – GlobeNewswire” published on July 08, 2019, Finance.Yahoo.com published: “Some Silicon Motion Technology (NASDAQ:SIMO) Shareholders Are Down 44% – Yahoo Finance” on August 23, 2019. More interesting news about Silicon Motion Technology Corporation (NASDAQ:SIMO) were released by: Globenewswire.com and their article: “Silicon Motion Announces Results for the Period Ended June 30, 2019 – GlobeNewswire” published on July 30, 2019 as well as Seekingalpha.com‘s news article titled: “Silicon Motion Technology Q1 2019 Earnings Preview – Seeking Alpha” with publication date: May 01, 2019.

Silicon Motion Technology Corporation (NASDAQ:SIMO) Ratings Chart

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