Silicon Motion Technology Corp (SIMO) declined 0.2% in recent trading. Craig-Hallum raised its price target for the company to $160 from $120 while maintaining a Buy rating. The analyst cited anticipated market share gains and rising average selling prices in NAND flash controllers as reasons for the increase. Roth Capital previously raised its price target to $140. Both firms noted strong demand and solid revenue growth, along with expected sequential growth throughout the year. The company develops and markets NAND flash controllers. Near-term gross margin pressure was noted as a concern despite the positive outlook from analysts.
Read full analysisSilicon Motion Technology Corp (SIMO) declined 0.2% in recent trading. Craig-Hallum raised its price target for the company to $160 from $120 while maintaining a Buy rating. The analyst cited anticipated market share gains and rising average selling prices in NAND flash controllers as reasons for the increase. Roth Capital previously raised its price target to $140. Both firms noted strong demand and solid revenue growth, along with expected sequential growth throughout the year. The company develops and markets NAND flash controllers. Near-term gross margin pressure was noted as a concern despite the positive outlook from analysts.
Silicon Motion designs NAND flash controllers used in solid-state drives, operating as one of two major merchant suppliers (alongside Phison) to memory makers including Samsung, SK Hynix, and Micron. The company reported strong Q4 2025 results on February 13 with 46% revenue growth and guided for record 2026 revenue. Recent price target increases from Craig-Hallum ($160) and Roth Capital ($140) reflect growing analyst conviction around the company's expanding enterprise and AI-related storage opportunity.