Silicon Motion Technology Corporation (NASDAQ:SIMO) is one of the On May 12, 2026, B.
Riley raised the firm’s price target on Silicon Motion Technology Corporation (NASDAQ:SIMO) to $312 from $250 and kept a Buy rating on the shares
The firm said AI investment continues accelerating faster than expected, with growing demand from hyperscalers and neo-cloud providers driving materially higher 2026-2028 capex expectations. B. Riley added that evolving workload trends and increasing chip intensity from major AI model providers are tightening supply-demand dynamics across semiconductors, supporting stronger earnings revisions and elevated sector valuations despite recent volatility.
Susquehanna analyst Mehdi Hosseini also raised the firm’s price target on Silicon Motion Technology Corporation (NASDAQ:SIMO) to $275 from $175 and keeps a Positive rating on the shares. The firm raised estimates across the board as Silicon Motion continues executing on market share gains and revenue diversification initiatives that are expected to gain traction through late 2026 and into 2027. Susquehanna added that it has gained greater confidence in the company’s long-term earnings power, with updated estimates implying annualized EPS of $10.50 exiting 2026 and as much as $12.30 by Q4 2027.