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B. Riley Securities Maintains Buy Rating for Silicon Motion Technology, Lowers Price Target To $106

Silicon Motion Technology Silicon Nasdaq

B. Riley Securities has decided to maintain its Buy rating of Silicon Motion Technology (NASDAQ:SIMO) and lower its price target from $135.00 to $106.00.

Shares of Silicon Motion Technology are trading down 1.6% over the last 24 hours, at $70.84 per share.

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