Silicon Motion Technology Soars 15.8% on Bullish Earnings Forecast

On August 7, 2025, Silicon Motion Technology's stock surged by 15.8% in pre-market trading, signaling a significant bullish sentiment among investors.

Analysts have been closely monitoring Silicon Motion Technology, with J.P. Morgan maintaining a Buy rating and setting a price target of $85.00. This optimistic outlook is supported by the company's expected earnings growth of 42.21% in the coming year, from $3.08 to $4.38 per share. The positive earnings forecast has likely contributed to the recent surge in stock price.

Additionally, Needham & Company has raised its price target for Silicon Motion Technology to $90.00, indicating a potential upside of 17.59% from its current price. This revision reflects the firm's confidence in the company's future performance and growth prospects.

Despite the positive analyst sentiment, there have been some adjustments to price targets. B. Riley cut its price target for Silicon Motion Technology to $59 from $107, which may have been influenced by short-term market fluctuations or specific company developments. However, the overall analyst consensus remains bullish, with many expecting the stock to continue its upward trajectory.