Silicom Ltd. (NASDAQ:SILC) has been assigned a consensus broker rating score of 2.00 (Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation.
Brokers have set a one year consensus target price of $43.00 for the company, according to Zacks. Zacks has also assigned Silicom an industry rank of 36 out of 265 based on the ratings given to related companies.
Separately, Needham & Company LLC reissued a “buy” rating and set a $48.00 price objective (up from $43.00) on shares of Silicom in a report on Friday, September 23rd.
Hedge funds have recently made changes to their positions in the stock. Nationwide Fund Advisors bought a new stake in shares of Silicom during the second quarter worth approximately $106,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Silicom during the second quarter valued at about $258,000. Teachers Advisors Inc. acquired a new position in shares of Silicom during the second quarter valued at about $263,000. Bank of New York Mellon Corp acquired a new position in shares of Silicom during the second quarter valued at about $316,000. Finally, California State Teachers Retirement System acquired a new position in shares of Silicom during the second quarter valued at about $352,000. 20.33% of the stock is owned by institutional investors.
Silicom (NASDAQ:SILC) opened at 40.66 on Wednesday. The company has a market cap of $298.69 million, a price-to-earnings ratio of 17.75 and a beta of 1.53. Silicom has a 12 month low of $25.00 and a 12 month high of $44.00. The company’s 50-day moving average is $40.53 and its 200 day moving average is $33.28.
Silicom (NASDAQ:SILC) last announced its quarterly earnings data on Monday, July 25th. The company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.21. The firm earned $26 million during the quarter, compared to analysts’ expectations of $17.10 million. Silicom had a return on equity of 15.83% and a net margin of 17.96%. The company’s quarterly revenue was up 51.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 EPS. Equities analysts forecast that Silicom will post $2.20 earnings per share for the current fiscal year.
Silicom Ltd. (Silicom) is engaged in the design, manufacture, marketing and support of networking and data infrastructure solutions for a range of servers, server-based systems and communications devices. The Company’s products include server network interface cards with and without bypass (Server Adapters); Intelligent and programmable cards, with features, such as encryption, acceleration, data compression, redirection, time stamping, network capture solutions, field programmable gate array (FPGA) based ultra-low latency solutions, and/or other offload features and/or compute blades (Smart Cards), and standalone Products.
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