B. Riley keeps Silicon Motion at Buy and cuts price target to $288
B. Riley Securities maintained its Buy rating on Silicon Motion and lowered its price target to $288 per share from $350, Dow Jones Newswires reports.
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what happened
Analysts at B. Riley Securities kept their Buy rating on Silicon Motion shares. The price target was reduced to $288 per share from the previous $350. Dow Jones Newswires reported the change, citing data from Benzinga.
why it matters
A lower price target combined with an unchanged Buy rating means analysts have revised their valuation expectations but still view the company positively. Changes like this are typically watched by investors assessing chip-sector stocks.
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sources
- Silicon Motion Is Maintained at Buy by B. Riley Securities — Dow Jones Newswires, 23 October 2026 at 13:17 UTC
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