Silicon Motion Technology (NASDAQ:SIMO) Sets New 12-Month High – Still a Buy?

Posted by Brian Himes on May 30th, 2026

Silicon Motion Technology Corporation (NASDAQ:SIMO – Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $294.99 and last traded at $278.9370, with a volume of 33737 shares trading hands. The stock had previously closed at $284.98.

Analysts Set New Price Targets

A number of analysts recently issued reports on SIMO shares. B. Riley Financial reissued a “buy” rating on shares of Silicon Motion Technology in a research report on Thursday, April 30th. Wedbush boosted their target price on shares of Silicon Motion Technology from $180.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Wall Street Zen raised shares of Silicon Motion Technology from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 3rd. Craig Hallum reissued a “buy” rating and issued a $250.00 target price on shares of Silicon Motion Technology in a research report on Thursday, April 30th. Finally, Needham & Company LLC boosted their target price on shares of Silicon Motion Technology from $125.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $205.63.

Read Our Latest Analysis on SIMO

Silicon Motion Technology Stock Performance

The company has a market cap of $9.39 billion, a P/E ratio of 55.04, a P/E/G ratio of 0.69 and a beta of 1.67. The firm has a 50 day moving average price of $182.32 and a 200-day moving average price of $134.18.

Silicon Motion Technology (NASDAQ:SIMO – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The semiconductor producer reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.27. The company had revenue of $342.11 million during the quarter, compared to the consensus estimate of $299.53 million. Silicon Motion Technology had a return on equity of 20.24% and a net margin of 16.02%.The firm’s revenue was up 105.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 EPS. On average, sell-side analysts forecast that Silicon Motion Technology Corporation will post 7.65 EPS for the current fiscal year.

Institutional Trading of Silicon Motion Technology

Several large investors have recently modified their holdings of SIMO. Assetmark Inc. lifted its position in shares of Silicon Motion Technology by 2.3% in the 1st quarter. Assetmark Inc. now owns 2,814 shares of the semiconductor producer’s stock worth $316,000 after acquiring an additional 63 shares during the period. Wedbush Securities Inc. lifted its position in shares of Silicon Motion Technology by 1.7% in the 4th quarter. Wedbush Securities Inc. now owns 4,685 shares of the semiconductor producer’s stock worth $434,000 after acquiring an additional 79 shares during the period. NewEdge Wealth LLC lifted its position in shares of Silicon Motion Technology by 3.6% in the 4th quarter. NewEdge Wealth LLC now owns 2,631 shares of the semiconductor producer’s stock worth $244,000 after acquiring an additional 91 shares during the period. Ballentine Partners LLC lifted its position in shares of Silicon Motion Technology by 2.8% in the 4th quarter. Ballentine Partners LLC now owns 4,006 shares of the semiconductor producer’s stock worth $371,000 after acquiring an additional 110 shares during the period. Finally, Penn Capital Management Company LLC lifted its position in shares of Silicon Motion Technology by 2.3% in the 3rd quarter. Penn Capital Management Company LLC now owns 5,821 shares of the semiconductor producer’s stock worth $552,000 after acquiring an additional 132 shares during the period. 78.02% of the stock is owned by institutional investors.

About Silicon Motion Technology

(Get Free Report)

Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. The company offers controllers for computing-grade solid state drives (SSDs), which are used in PCs and other client devices; enterprise-grade SSDs used in data centers; eMMC and UFS mobile embedded storage for use in smartphones and IoT devices; flash memory cards and flash drives for use in expandable storage; and specialized SSDs that are used in industrial, commercial, and automotive applications.