Wedbush Reiterates Buy Rating for Silicon Motion Technology
Wedbush maintains its buy rating for Silicon Motion Technology, setting a $400 price target, a 24.35% upside from the current price.
Key Points
- Wedbush reiterated its buy rating for Silicon Motion Technology Corporation (SIMO) on June 22, 2026, with a price target of $400.
- Wedbush's $400 price target implies 24.35% upside from Silicon Motion Technology Corporation's ($SIMO) current $321.66 share price.
- Shares of SIMO traded at $321.66 on Monday, with a market cap of $10.9 billion and a P/E ratio of 63.7.
- FMR LLC holds 3,398,367 shares of SIMO worth about $381.6 million, while Hawk Ridge Capital Management increased its stake by 385,568 shares.
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Wedbush has reiterated its buy rating for Silicon Motion Technology Corporation (NASDAQ: SIMO) on June 22, 2026. Analyst Matt Bryson set a price target of $400 for the stock. This reflects Wedbush's ongoing confidence in the company's future performance.
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Other Institutional Activity in Silicon Motion Technology
FMR LLC holds 3,398,367 shares of Silicon Motion, valued at approximately $381.6 million, with no change in its holdings. Reinhart Partners, LLC reduced its stake by 259,316 shares, now holding 1,314,039 shares valued at about $147.6 million, marking a 16.5% decrease. Acadian Asset Management LLC increased its position by 14,623 shares, bringing its total to 1,293,710 shares worth around $145.2 million, a 1.1% increase. Hawk Ridge Capital Management LP significantly boosted its holdings by 385,568 shares, now holding 1,173,315 shares valued at $131.8 million, a 48.9% increase. Meanwhile, Lord, Abbett & Co. LLC trimmed its stake by 32,838 shares to 962,139 shares, a 3.3% decrease.
Silicon Motion Technology Corporation Stock Up 30.9%
Shares of NASDAQ:SIMO traded near $321.66 on Monday. Silicon Motion has a market cap of approximately $10.9 billion, with a P/E ratio of 63.7 and a forward P/E of 33.3. The stock has a beta of 1.726, a 52-week low of $68.79, and a 52-week high of $336.32. Its 50-day moving average is $230.09, and the 200-day moving average is $135.71. The company maintains a current ratio of 2.85 and a quick ratio of 1.01.
$SIMO price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Silicon Motion reported revenue of $1.06 billion, showing a growth of 1.06%. The company has a net margin of 16.0% and a return on equity (ROE) of 20.3%. The next earnings release is expected on July 30, 2026.
Dividend
The company offers an annual dividend rate of $2.00, yielding 0.62%. The dividend payout ratio is 39.6%.
Insider Buying and Selling at Silicon Motion Technology Corporation
Several insiders have sold shares recently. Duann Shii Tyng sold 1,500 shares at $245.00 on May 6, 2026, and Robert Fan sold 2,000 shares at $135.40 on February 24, 2026. These transactions were not part of any pre-planned trading programs.
Analysts Set New Price Targets
On June 22, 2026, Wedbush maintained its buy rating for Silicon Motion with a $400 price target. JP Morgan also maintained a buy rating with a $260 target on May 1, 2026, while Susquehanna maintained a buy rating with a $275 target on April 30, 2026. The consensus rating is 'strong buy' with a mean target price of $256.70 based on 10 analyst opinions.
About Silicon Motion Technology Corporation
Silicon Motion Technology Corporation, headquartered in Hong Kong, designs and markets NAND flash controllers for solid-state storage devices. Founded in 1995, the company serves various markets including China, Japan, and the United States. It provides controllers for SSDs, mobile storage, and industrial applications under the SMI brand. The company operates with a workforce of 2,009 employees and is led by CEO Mr. Chia-Chang Kou.
Bottom Line
Wedbush's reiterated buy rating and $400 price target underscore confidence in Silicon Motion Technology's prospects. The stock's performance, with a recent trading price of $321.66, reflects strong market interest. Investors keep a close eye on such analyst ratings as they can influence stock movements and provide insights into a company's potential future performance.
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