Susquehanna analyst Mehdi Hosseini reiterated a Hold rating on Silicon Motion (NASDAQ:SIMO) on Friday, setting a price target of $85, which is approximately 14.63% above the present share price of $74.15.
Hosseini expects Silicon Motion to post earnings per share (EPS) of $1.42 for the third quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Silicon Motion, with an average price target of $101.33.
The analysts price targets range from a high of $120 to a low of $78.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $221.1 million and a net profit of $60.44 million. The company's market cap is $2.59 billion.
According to TipRanks.com, Susquehanna analyst Mehdi Hosseini is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 11.9% and a 55.04% success rate.
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.