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Roth Capital disclosed Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO), bumping its target to $60.00 earlier today

Roth Capital increased the stock price target of Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) to $60.00 indicating a possible upside of 0.17%.

Yesterday Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) traded 0.15% higher at $51.15. The company’s 50-day moving average is $51.84 and its 200-day moving average is $46.16. The last closing price is up 12.19% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 660,909 shares of the stock were exchanged, down from an avg. volume of 699,452

Performance Chart

Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO)

With a total market value of $0, Silicon Motion Technology Corp. (ADR) has price-earnings ratio of 23.07 with a one year low of $27.35 and a one year high of $56.25 .

A total of 12 equity analysts have released a ratings update on SIMO. One equity analyst rating the company a strong buy, ten equity analysts rating the company a buy, two equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $41.81.

Brief Synopsis About Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO)

Silicon Motion Technology Corporation is a fabless semiconductor company. The Company designs, develops and markets low-power semiconductor solutions to original equipment manufacturers (OEMs) and other customers in the mobile storage and mobile communications markets. It is engaged in developing negative-AND (NAND) flash controller integrated circuits (ICs) for solid-state storage devices and specialty radio frequency (RF) ICs for mobile devices. In the mobile storage market, the Company's products are controllers used in embedded storage products, such as Solid State Drives (SSDs), and Embedded Multimedia Cards (eMMCs), as well as expandable storage products, such as flash memory cards and universal serial bus (USB) flash drives. For the mobile communications market, the Company's products are handset transceivers and mobile television (TV) System on Chips (SoCs). The Company's products are used in devices, such as smartphones, tablets and personal computers (PCs).

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