Silicon Motion price target lowered to $95 from $110 at Susquehanna

Susquehanna lowered the firm’s price target on Silicon Motion (SIMO) to $95 from $110 and keeps a Positive rating on the shares. The firm said the company is executing well in a challenging environment, and positioned well with its PCIe Gen5 SSD controller which is expected to start becoming material in 2025 with increased momentum into 2026 as end market adoption diversifies.