Susquehanna Raises Silicon Motion (SIMO) PT to $90 Based on Updated Forecasts

Silicon Motion Technology Corporation (NASDAQ:SIMO) is one of the best performing semiconductor stocks to buy now. On July 23, Susquehanna analyst Mehdi Hosseini increased the firm’s price target on Silicon Motion to $90 from $80, while maintaining a Positive rating on the shares. The adjustment showed Susquehanna’s updated forecasts.

While the estimates for H2 2025 remain below consensus due to expected sub-seasonal trends in the core business, the projections for 2026 are more optimistic. Silicon Motion Technology reported revenue of $166.5 million in Q1 2025, which is a sequential decrease of 12.9%. At the end of Q1, cash and cash equivalents totaled $331.7 million.

The company is benefiting from increased controller outsourcing by NAND flash maker customers and has secured design wins, including with NVIDIA’s BlueField-3 DPU platform. However, sales decreased sequentially in Q1 due to weak end-user demand for PCs and smartphones.

Silicon Motion Technology Corporation (NASDAQ:SIMO) designs, develops, and markets NAND flash controllers for solid-state storage devices and related devices internationally.

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Disclosure: None. This article is originally published at Insider Monkey.