In a report released yesterday, Karl Ackerman from Cowen & Co. reiterated a Hold rating on Silicon Motion (NASDAQ: SIMO), with a price target of $55. The company’s shares opened today at $54.68.
According to TipRanks.com, Ackerman is a 2-star analyst with an average return of 1.3% and a 37.8% success rate. Ackerman covers the Consumer Goods sector, focusing on stocks such as Integrated Device Tech, Skyworks Solutions, and Cypress Semicon.
Silicon Motion has an analyst consensus of Moderate Buy, with a price target consensus of $59.09, an 8.1% upside from current levels. In a report released yesterday, Susquehanna also reiterated a Hold rating on the stock with a $48 price target.
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Silicon Motion’s market cap is currently $1.96B and has a P/E ratio of 26.28. The company has a Price to Book ratio of 3.97.
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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.
