B.Riley Financial Stick to Their Buy Rating for Silicon Motion By Investing.com

B.Riley Financial analyst Craig Ellis maintained a Buy rating on Silicon Motion (NASDAQ:) on Wednesday, setting a price target of $55, which is approximately 4.84% above the present share price of $52.46.

Ellis expects Silicon Motion to post earnings per share (EPS) of $0.00 for the first quarter of 2021.

The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in Silicon Motion, with an average price target of $56.
The analysts price targets range from a high of $63 to a low of $43.

In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $126.04 million and a net profit of $25.84 million. The company’s market cap is $1.84 billion.

According to TipRanks.com, B.Riley Financial analyst Craig Ellis is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 21.4% and a 66.20% 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.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top
Malcare WordPress Security