3 analysts raised price targets for Silicon Motion Technology, with B. Riley at $105, JPMorgan at $85, and Morgan Stanley at $88.

B. Riley raised Silicon Motion Technology's (NASDAQ: SIMO) price target from $101.00 to $105.00, maintaining a buy rating on the semiconductor producer. JPMorgan Chase & Co. increased their price objective from $77.00 to $85.00, assigning an overweight rating. Morgan Stanley also upgraded SIMO from an equal weight rating to an overweight rating, raising their target price from $59.00 to $88.00.