Silicon Motion price target lowered to $105 from $109 at B. Riley

B. Riley lowered the firm’s price target on Silicon Motion to $105 from $109 and keeps a Buy rating on the shares. Silicon Motion’s long-term revenue and EPS potential seem under-appreciated with increased controller outsourcing needs, numerous new solid-state storage and Universal Flash Storage/embedded MultiMediaCard design wins, calendar year 2025’s PCIe 5.0 transition-led ASP rise, and PC/smartphone unit growth, the analyst tells investors in a research note.