Nomura analyst Donnie Teng maintained a Hold rating on Silicon Motion (NASDAQ:) on Sunday, setting a price target of $70, which is approximately 2.53% below the present share price of $71.82.
Teng expects Silicon Motion to post earnings per share (EPS) of $0.04 for the second 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 $78.4.
The analysts price targets range from a high of $90 to a low of $62.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $143.9 million and a net profit of $17.89 million. The company’s market cap is $2.52 billion.
According to TipRanks.com, Nomura analyst Donnie Teng is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 36.8% and a 60.00% 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.
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.