Analysts’ Opinions Are Mixed on These Technology Stocks: Silicon Motion (NASDAQ: SIMO), Orion Energy Systems (NYSE MKT: OESX) and Pixelworks (NASDAQ: PXLW)

By Austin Angelo

Analysts have been eager to weigh in on the Technology sector with new ratings on Silicon Motion (NASDAQ: SIMO), Orion Energy Systems (NYSE MKT: OESX) and Pixelworks (NASDAQ: PXLW).

Silicon Motion (NASDAQ: SIMO)

In a report released today, Sujeeva De Silva from Roth Capital reiterated a Buy rating on Silicon Motion (NASDAQ: SIMO), with a price target of $60. The company’s shares closed yesterday at $48.78.

De Silva commented:

“We believe SIMO represents a differentiated investment opportunity in flash embedded and storage drive controllers. We hosted a series of investor meetings with SIMO management. We expected improving NAND Flash availability in the 2H17 timeframe to drive a fundamental recovery for the company . We also expect continued stable/improving share in the SSD and smartphone memory controller markets. We maintain our Buy rating. Tailwinds to SIMO SSD Controller Opportunity. We hosted a series of investor meetings with SIMO Director, Strategy and Investor Relations Jason Tsai. Investors primarily focused on the growth opportunity with secular proliferation of NAND-based memory across consumer, computing and enterprise markets. Management remains confident in the growth opportunities that can start in the 2H17 timeframe, fueled by improving NAND availability . We believe SIMO is leveraged to increasing SSD penetration across notebook, desktop and enterprise markets. Near-term, we expect improving NAND costs to drive increasing SSD penetration across notebook and desktop platforms.”

According to TipRanks.com, Silva is a top 100 analyst with an average return of 20.0% and a 65.2% success rate. Silva covers the Technology sector, focusing on stocks such as Semiconductor Manufacturing, Adesto Technologies Corp, and Advanced Micro Devices.

Silicon Motion has an analyst consensus of Strong Buy, with a price target consensus of $59.50.

Orion Energy Systems (NYSE MKT: OESX)

In a report released today, Craig Irwin from Roth Capital reiterated a Hold rating on Orion Energy Systems (NYSE MKT: OESX), with a price target of $1.30. The company’s shares closed yesterday at $1.30.

Irwin commented:

“We expect Orion to report F4Q17 results inline with the April 25 preannouncement, where the January slowness in the lighting market was a headwind for the company . The most important item, in our view, will be the customer response to Orion’s four new lighting products recently launched at Lightfair, and progress with the transition to an agency distribution model. We look to turn constructive on growth and profit visibility . We expect F4Q17 results inline with preannouncement. We forecast F4Q17 revenue/EPS of $15.1m/($0.11) vs consensus at $15.3m/($0.13). Our F4Q17 estimate was lowered by ($4.9m) reflecting the weight of a slow January start that broadly impacted the lighting market. Orion states the company is not seeing any structural changes to its competitive position. Orion is scheduled to report F4Q17 results before market on Friday May 26th, with a management call at 10am ET . Dial: (877) 754-5294 We look for management to provide an update on the company’s transition to an agency market distribution model, which could facilitate both growth and lower costs in the long-term. By the end of F3Q17 (Dec) Orion had engaged 25 lighting agencies, and management was targeting a total of 50 by the end of March.”

According to TipRanks.com, Irwin is a 2-star analyst with an average return of 0.3% and a 46.2% success rate. Irwin covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Capstone Turbine Corp, and Amer Superconductor.

Orion Energy Systems has an analyst consensus of Hold, with a price target consensus of $1.40.

Pixelworks (NASDAQ: PXLW)

In a report released yesterday, Brian Alger from Roth Capital reiterated a Buy rating on Pixelworks (NASDAQ: PXLW), with a price target of $6.50. The company’s shares closed yesterday at $5.28.

According to TipRanks.com, Alger is a top 100 analyst with an average return of 38.6% and a 64.3% success rate. Alger covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Dot Hill Systems Corp, and Super Micro Computer.

Pixelworks has an analyst consensus of Moderate Buy, with a price target consensus of $6.50.

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