Analysts Offer Insights on Technology Companies: Silicon Motion (SIMO) and Orbcomm (ORBC)
Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Silicon Motion (SIMO) and Orbcomm (ORBC).
Silicon Motion (SIMO)
In a report released today, Mehdi Hosseini from Susquehanna reiterated a Hold rating on Silicon Motion, with a price target of $45.00. The company’s shares closed last Thursday at $40.05.
According to TipRanks.com, Hosseini is a 4-star analyst with an average return of 6.8% and a 48.7% success rate. Hosseini covers the Technology sector, focusing on stocks such as Advanced Energy Industries, Hewlett Packard Enterprise, and Keysight Technologies.
Currently, the analyst consensus on Silicon Motion is a Strong Buy with an average price target of $57.00.
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Canaccord Genuity analyst Michael Walkley maintained a Buy rating on Orbcomm today and set a price target of $8.00. The company’s shares closed last Thursday at $4.10.
According to TipRanks.com, Walkley is a top 100 analyst with an average return of 20.6% and a 67.9% success rate. Walkley covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Sequans Communications S A, and Synchronoss Technologies.
Orbcomm has an analyst consensus of Strong Buy, with a price target consensus of $6.88, which is a 68.2% upside from current levels. In a report released today, Roth Capital also maintained a Buy rating on the stock with a $7.50 price target.
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