In a report released today, Mehdi Hosseini from Susquehanna reiterated a Hold rating on Silicon Motion (SIMO), with a price target of $40. The company’s shares opened today at $38.97.
According to TipRanks.com, Hosseini is a 4-star analyst with an average return of 6.6% and a 43.6% success rate. Hosseini covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Applied Materials Inc, and Universal Display.
Silicon Motion has an analyst consensus of Moderate Buy, with a price target consensus of $43.21.
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The company has a one-year high of $61.85 and a one-year low of $31.73. Currently, Silicon Motion has an average volume of 472.6K.
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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.
