Susquehanna Raises Silicon Motion (SIMO) PT to $90 Based on Updated Forecasts

Silicon Motion Technology Corporation (NASDAQ:SIMO) is one of the best performing semiconductor stocks to buy now. On July 23, Susquehanna analyst Mehdi Hosseini increased the firm’s price target on Silicon Motion to $90 from $80, while maintaining a Positive rating on the shares. The adjustment showed Susquehanna’s updated forecasts.

While the estimates for H2 2025 remain below consensus due to expected sub-seasonal trends in the core business, the projections for 2026 are more optimistic. Silicon Motion Technology reported revenue of $166.5 million in Q1 2025, which is a sequential decrease of 12.9%. At the end of Q1, cash and cash equivalents totaled $331.7 million.

Susquehanna Raises Silicon Motion (SIMO) PT to $90 Based on Updated Forecasts

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The company is benefiting from increased controller outsourcing by NAND flash maker customers and has secured design wins, including with NVIDIA’s BlueField-3 DPU platform. However, sales decreased sequentially in Q1 due to weak end-user demand for PCs and smartphones.

Silicon Motion Technology Corporation (NASDAQ:SIMO) designs, develops, and markets NAND flash controllers for solid-state storage devices and related devices internationally.

While we acknowledge the potential of SIMO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SIMO and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.