In a report issued on October 5, Mike Crawford from B.Riley FBR maintained a Buy rating on Silicon Motion (NASDAQ: SIMO), with a price target of $68.75. The company’s shares closed yesterday at $50.48.
According to TipRanks.com, Crawford is a 5-star analyst with an average return of 10.7% and a 59.3% success rate. Crawford covers the Consumer Goods sector, focusing on stocks such as CPI Aerostructures, Finjan Holdings, and Kratos Defense.
Currently, the analyst consensus on Silicon Motion is a Moderate Buy with an average price target of $60.15, which is a 19.2% upside from current levels. In a report issued on September 21, Morgan Stanley also upgraded the stock to Buy with a $59 price target.
Silicon Motion’s market cap is currently $1.82B and has a P/E ratio of 22.36. The company has a Price to Book ratio of 3.31.
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Silicon Motion Technology Corp. engages in the development, manufacture, and supply of semiconductor products for the electronics market. It offers embedded and expandable storage, radio frequency integrated circuits, and embedded graphics. The company was founded in November 2005 and is headquartered in Hong Kong.