Needham analyst Rajvindra Gill assigned a Buy rating to Silicon Motion (SIMO) today and set a price target of $60.00. The company’s shares closed last Thursday at $48.30.
According to TipRanks.com, Gill is a 5-star analyst with an average return of 8.6% and a 63.7% success rate. Gill covers the Technology sector, focusing on stocks such as Sequans Communications S A, Smart Global Holdings, and Everspin Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Silicon Motion with a $50.20 average price target.
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Silicon Motion’s market cap is currently $1.69B and has a P/E ratio of 15.90. The company has a Price to Book ratio of 2.79.
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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.
