
SIMO Stock Forecast & Price Target
SIMO Analyst Ratings
Bulls say
Silicon Motion Technology Corp has successfully increased its SSD market share to over 30%, indicating strong competitive positioning within the industry as it continues to expand its footprint among flash makers. Revenue projections for the fourth quarter are estimated at $235 million, with anticipated growth aligning with the overall trends in PC and smartphone markets, which are expected to see low to mid-single digit percentage growth year-over-year. Furthermore, gross margins are forecasted to improve, reaching the high end of the company’s target range of 48-50%, driven by new product launches and the ongoing growth of core business share gains.
Bears say
Silicon Motion Technology Corp faces significant challenges that contribute to a negative outlook, primarily driven by declining market share in client SSDs and an unfavorable mix shift in associated products. The company experienced a substantial reduction in revenue from eMMC and UFS controllers, which declined by 10% to 15%, resulting in a quarter estimate of $64.6 million, which fell short of prior expectations. Furthermore, persistent weak end-user demand for PCs and smartphones, exacerbated by a lackluster holiday season, has led to downward revisions in projected operating margins and overall revenue for the coming year.
This aggregate rating is based on analysts' research of Silicon Motion Technology and is not a guaranteed prediction by Public.com or investment advice.
SIMO Analyst Forecast & Price Prediction
Start investing in SIMO
Order type
Buy in
Order amount
Est. shares
0 shares