Silicon Motion stock: B. Riley cuts target for Silicon Motion stock to USD 288.00
Published on 10/24/2026 at 02:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTarget cut and results dates
- B. Riley Financial reduced its Silicon Motion target from USD 350.00 to USD 288.00 on October 23, 2026.
- Second-quarter revenue reached USD 451.00 million and adjusted earnings per share came to USD 2.43 on July 29, 2026.
- Silicon Motion plans to release third-quarter results on October 28, 2026 and hold its conference call on October 29, 2026.
Silicon Motion (US82706C1080) faces a lower B. Riley Financial price target of USD 288.00, down from USD 350.00 in a research note dated October 23, 2026, according to MarketBeat. The change arrives before Silicon Motion reports third-quarter results on October 28, 2026, followed by an investor conference call on October 29, 2026.
Target cut tests the valuation
The revised target still sits above the USD 187.96 Nasdaq price cited by MarketBeat for October 23, 2026, but the reduction narrows the implied upside to 53.22 percent. The same report said the firm maintained a Buy rating, while nine analysts carried Buy ratings and one held a Hold rating.
That split gives the October results added importance. Silicon Motion sells NAND flash controllers for solid-state storage, embedded storage and specialized enterprise and industrial products, with the investor-relations page describing its role across servers, PCs, smartphones, Internet of Things devices and automotive systems.
Three events shape the story
On July 29, 2026, Silicon Motion reported quarterly revenue of USD 451.00 million and earnings per share of USD 2.43, compared with consensus revenue of USD 403.41 million and earnings per share of USD 2.13, according to MarketBeat. On October 16, 2026, Silicon Motion announced an annual cash dividend of USD 2.30 per ADS, a 15.00 percent increase from USD 2.00, according to Nasdaq. On October 23, 2026, B. Riley Financial cut its target from USD 350.00 to USD 288.00 while retaining a Buy rating, MarketBeat reported.
What does October 28 mean for earnings?
MarketBeat said analysts project third-quarter revenue of USD 529.11 million and earnings per share of USD 3.30. Those estimates would place revenue USD 78.11 million above the second-quarter result, while the company has separately scheduled the release after the market closes on October 28, 2026, according to GlobeNewswire.
Upcoming dates are set
Silicon Motion plans to publish third-quarter 2026 results after the market closes on October 28, 2026, according to GlobeNewswire. The company has scheduled its conference call for October 29, 2026, at 8:00 a.m. Eastern Time, with webcast access through its website.
Results now set the next test
Silicon Motion enters the late-October reporting window with second-quarter revenue growth, a higher dividend and a sharply lower analyst target all competing for attention. The new forecast figures will show whether the company can sustain the pace implied by the USD 529.11 million revenue estimate.
The further course of trading is shown by the continuously updated real-time quote of Silicon Motion stock.
Silicon Motion at a glance
- Company: Silicon Motion Technology Corporation
- ISIN: US82706C1080
- Ticker: SIMO
- Primary exchange: Nasdaq
- Market capitalization: USD 6.4 billion (as of October 23, 2026)
- 52-week range: USD 79.76-355.00 (as of October 23, 2026)
- Sector / Industry: Technology / Semiconductors
- Next earnings date: October 28, 2026
Market context: Market report S&P 500.
