Needham analyst Rajvindra Gill maintained a Buy rating on Silicon Motion (SIMO) on July 8 and set a price target of $47. The company’s shares closed yesterday at $42.22.
According to TipRanks.com, Gill is a 5-star analyst with an average return of 11.5% and a 55.2% success rate. Gill covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Everspin Technologies Inc, and Smart Global Holdings Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Silicon Motion with a $45.20 average price target.
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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 307.4K.
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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.
