Chip stock Silicon Motion soars 135% in a year, far surpassing analyst price targets after strong growth.

Silicon Motion's stock surged 135% over a year, reaching $354, well above Susquehanna's $120 target after strong earnings and revenue growth. The company expanded beyond consumer markets into enterprise and AI storage, boosting margins and revenue faster than expected. Despite a recent pullback to $206 amid cash burn and inventory build, analysts remain optimistic with an average target near $358. The stock trades at a forward P/E of 16, with 2027 revenue expected to grow at least 40%, making it attractive if cash flow improves.

Silicon Motion's remarkable rise to $354 contrasts with its current price of $192.72 on Pluang as of Nov 03, 2026 19:41 WIB, showing a 2.57% gain in the last day. The stock remains well below its 52-week high of $336.90 on Pluang, with a market cap of $7.07 billion. Investor interest appears strong, with 100% of Pluang orders being buys and a typical hold time of 3 days.