B. Riley Securities Cuts SIMO Price Target to $288
Key Points
- B. Riley Securities maintained a Buy rating on Silicon Motion Technology Corporation while reducing its price target from $350.00 to $288.00 on October 23, 2026.
- B. Riley Securities's $288 price target implies 51.41% upside from Silicon Motion Technology Corporation's ($SIMO) current $190.22 share price.
- The stock recently traded around $190.22, sitting below the firm's new price target and well under its 50-day moving average.
- Other large investment firms like Needham and Susquehanna have also updated their views on the semiconductor designer ahead of its October 28 earnings report.
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B. Riley Securities' Call on Silicon Motion Technology Corporation
B. Riley Securities maintained its Buy rating on Silicon Motion Technology Corporation (NasdaqGS: SIMO) on October 23, 2026, while lowering its price target from $350.00 to $288.00. The research note provides a forward-looking view from the firm, keeping a positive stance even as it adjusts its expected target downward. The stock closed at $190.40 on the day of the announcement.
SIMO
Silicon Motion Technology Corporation
B. Riley Securities vs. the S&P 500
Hypothetical returns from B. Riley Securities's disclosed trades, not real profit or advice. How we model this.
Other Institutional Activity in Silicon Motion Technology Corporation
Major institutional funds have made notable adjustments to their holdings in the semiconductor designer. Acadian Asset Management LLC grew its holdings by 22,123 shares, ending with 1,315,838 shares worth about $250,535,547.0. Alkeon Capital Management LLC grew its holdings by 550,000 shares, ending with 1,100,000 shares worth about $209,439,993.0. Hawk Ridge Capital Management, LP reduced its stake by 158,037 shares, ending with 1,015,215 shares worth about $193,296,929.0. Polar Capital Holdings PLC grew its holdings by 465,688 shares, ending with 931,375 shares worth about $177,333,794.0. Reinhart Partners, LLC reduced its stake by 46,469 shares, ending with 919,626 shares worth about $175,096,784.0.
Silicon Motion Technology Corporation Stock Down 14.4%
Silicon Motion shares recently traded around $190.22 on October 23, 2026, sitting roughly equal to the session's close of $190.40. The stock trades below its 50-day moving average of $254.80 and below its 200-day moving average of $211.96. Over the past 52 weeks, the shares have touched a low of $79.76 and a high of $355.00.
$SIMO price target
Silicon Motion Technology Corporation daily closes and this analyst's $288 target. Not advice.
Recent Earnings
Silicon Motion reported trailing twelve-month revenue of $1,313,565,952.0 with trailing earnings of $7.23 per share. The company operates with a net profit margin of 22.1% and a return on equity of 31.6%. The company's next earnings report is scheduled for release on October 28, 2026.
Dividend
The company pays an annual dividend rate of $2.30 per share, which translates to a dividend yield of 1.22%. The payout ratio stands at 23.4%.
Insider Buying and Selling at Silicon Motion Technology Corporation
Company insiders have transacted in the shares earlier in the year. Director Shii-Tyng Duann sold 1,500 shares on May 6, 2026, at an average price of $245.00 for a total value of $367,500.0. Director Kuan-Ming Lin sold 3,000 shares on June 18, 2026, valued at $930,320.0. Director Han-Ping Ph.D. Shieh sold 2,000 shares on June 18, 2026, valued at $629,250.0.
Analysts Set New Price Targets
Wall Street firms maintain active coverage on the stock alongside B. Riley. On July 30, 2026, Needham maintained a Buy rating and raised its target from $240.00 to $355.00. On July 31, 2026, B. Riley Securities maintained a Buy rating with a target of $350.00, moving up from $312.00. On the same day, Susquehanna maintained a Positive rating and raised its target from $275.00 to $350.00. Overall, the stock carries a consensus strong buy rating from 10 analyst opinions with a mean price target of $369.70.
About Silicon Motion Technology Corporation
Silicon Motion Technology Corporation designs and develops specialized NAND flash controllers. These components are essential for solid-state storage devices used across computers, datacenters, and mobile electronics. The firm operates globally with a primary focus on Asian and American markets.
Bottom Line
B. Riley's lowered target brings fresh attention to how the market values the chip component maker. Investors will look toward the upcoming earnings report on October 28, 2026, for further clues on demand and profitability.
Related Filing Alerts
Source: B. Riley Securities's rating change on $SIMO (Oct 23, 2026). Written by software, not financial advice. How we make alerts