B. Riley raised the firm’s price target on Silicon Motion to $105 from $101 and keeps a Buy rating on the shares. Silicon Motion’s Q1 final print upside has good quality and the Q2 guidance is above consensus, the analyst tells investors in a research note.
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Read More on SIMO:
- Silicon Motion price target raised to $90 from $80 at BofA
- Silicon Motion Reports Mixed Q1 Results, Optimistic Outlook
- Silicon Motion raises FY24 revenue view to $800M-$830M, consensus $793.3M
- Silicon Motion sees Q2 revenue $199M-$208M, consensus $187.1M
- Silicon Motion reports Q1 EPS 64c, consensus 57c
