From Financial Modeling Prep: 2025-06-18 15:25:00

BofA Securities upgraded Silicon Motion Technology (NASDAQ:SIMO) to Buy from Neutral, with a new price target of $90. The stock rose over 4% on the news, driven by company-specific catalysts for strong upside potential.

Key drivers include Silicon Motion’s growth in enterprise solutions, resilient topline growth and high gross margins, and a potential $160 million payout from a legal dispute with MaxLinear.

The company is well-positioned to benefit from AI infrastructure investments and has a compelling risk-reward profile, supporting the Buy rating.



Read more at Financial Modeling Prep:: BofA Upgrades Silicon Motion to Buy, Shares Gain 4…