Silicon Motion Technology price target boosted by Wedbush on stronger growth outlook

Silicon Motion Technology (NASDAQ:SIMO) had its price target raised to $400 from $230 by Wedbush, which reiterated an ‘Outperform' rating, citing stronger forward estimates and a higher valuation multiple reflecting improving growth visibility. Shares of Silicon Motion added almost 5% at $337 on the news.

Proactive Investors • Jun 22, 2026

Silicon Motion: There's More Left In The Tank

Silicon Motion Technology is leveraged to AI/datacenter growth, SSD controller share gains, and a rebound in mobile storage, driving exceptional operational performance. I initiate coverage with a buy rating, targeting $400 (30x '27E EPS), reflecting 46% upside as consensus underestimates 2027 earnings power. SIMO's robust growth is supported by ramping MonTitan enterprise SSD controllers and diversified end-market exposure, with 2027 revenue and EPS estimates well ahead of Street expectations.

Seeking Alpha • Jun 17, 2026

Is Silicon Motion Technology a Buy After Dropping More Than 20% From Its High?

Silicon Motion Technology posted substantial sequential growth in what is normally its slowest quarter of the year. Demand for AI memory products has created a multi-year supercycle that Silicon Motion Technology is well positioned to dominate.

The Motley Fool • Jun 16, 2026

Investors Heavily Search Silicon Motion Technology Corporation (SIMO): Here is What You Need to Know

Recently, Zacks.com users have been paying close attention to Silicon Motion (SIMO). This makes it worthwhile to examine what the stock has in store.

Zacks Investment Research • Jun 11, 2026

Qualcomm vs. Silicon Motion: Which Semiconductor Stock Wins Now?

SIMO has an edge over QCOM as 2026 sales and EPS estimates surge, shares soar, and its forward price/sales is slightly lower.

Zacks Investment Research • Jun 8, 2026

Silicon Motion Rides High on Organic Growth: Reason to Buy the Stock?

SIMO jumps on NAND controller wins, Gen5 SM2508 launch and rising AI PC/cloud demand, fueling big gains and bullish 2026-27 estimates.

Zacks Investment Research • Jun 3, 2026

Can Silicon Motion's Latest SSD Controller for AI PCs Stoke Growth?

SIMO launches SM2524XT PCIe Gen5 DRAMless SSD controller for AI PCs, touting up to 14 GB/s reads, low latency and better efficiency.

Zacks Investment Research • Jun 2, 2026

Looking for Earnings Beat? Buy These 5 Top-Ranked Stocks

ALB, ROAD, STRL, SIMO and MPC with a top rank are set to beat on earnings in their upcoming releases.

Zacks Investment Research • Jun 1, 2026

Silicon Motion Technology Corporation (SIMO) is Attracting Investor Attention: Here is What You Should Know

Zacks.com users have recently been watching Silicon Motion (SIMO) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Zacks Investment Research • May 29, 2026

Silicon Motion Introduces Advanced AI-Optimized SM2524XT PCIe Gen5 DRAMless SSD Controller for AI PCs

TAIPEI, Taiwan--(BUSINESS WIRE)-- #AI--Silicon Motion Technology Corporation (NasdaqGS:SIMO), a global leader in NAND flash controllers for solid-state storage devices, today announced the SM2524XT, a next-generation PCIe Gen5 DRAMless SSD controller purpose-built for AI inference and KV Cache-intensive workloads. The SM2524XT leverages a new four-processor-core architecture with PCIe Gen5 x4 and NAND interface speeds up to 4800 MT/s to achieve sequential read speeds up to 14 GB/s and industry-leadin.

Business Wire • May 29, 2026