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Silicon Motion Technology (NASDAQ:SIMO) Rating Increased to Strong-Buy at Wall Street Zen
Wall Street Zen has upgraded Silicon Motion Technology (NASDAQ:SIMO) from a “buy” to a “strong-buy” rating, with other firms like Zacks also raising their ratings. The semiconductor producer’s stock has a consensus “Buy” rating and a target price of $132.50. SIMO opened at $136.28, near its 52-week high, and institutional investors have significantly increased their holdings.