Needham Stick to Their Buy Rating for Silicon Motion By Investing.com

Needham analyst Rajvindra Gill reiterated a Buy rating on Silicon Motion (NASDAQ:) on Tuesday, setting a price target of $100, which is approximately 52.79% above the present share price of $65.45.

Gill expects Silicon Motion to post earnings per share (EPS) of $0.99 for the second quarter of 2021.

The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Silicon Motion, with an average price target of $81.57.
The analysts price targets range from a high of $100 to a low of $62.

In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $182.4 million and a net profit of $44.39 million. The company’s market cap is $2.28 billion.

According to TipRanks.com, Needham analyst Rajvindra Gill is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 14.2% and a 64.90% 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.

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