Silicom Ltd (NASDAQ:SILC) has received an average broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation.
Brokers have set a 1 year consensus target price of $60.00 for the company, according to Zacks. Zacks has also assigned Silicom an industry rank of 126 out of 265 based on the ratings given to related companies.
Several equities analysts recently commented on the stock. Needham & Company LLC increased their price objective on shares of Silicom from $56.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, April 28th. BidaskClub raised shares of Silicom from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th.
Several institutional investors have recently made changes to their positions in SILC. Victory Capital Management Inc. raised its position in shares of Silicom by 26.8% in the first quarter. Victory Capital Management Inc. now owns 2,179 shares of the technology company’s stock valued at $108,000 after buying an additional 461 shares during the last quarter. American International Group Inc. raised its position in shares of Silicom by 7.2% in the first quarter. American International Group Inc. now owns 3,461 shares of the technology company’s stock valued at $172,000 after buying an additional 232 shares during the last quarter. TFS Capital LLC bought a new position in shares of Silicom during the first quarter valued at approximately $221,000. GSA Capital Partners LLP bought a new position in shares of Silicom during the fourth quarter valued at approximately $242,000. Finally, Bank of Montreal Can raised its position in shares of Silicom by 73.8% in the second quarter. Bank of Montreal Can now owns 7,191 shares of the technology company’s stock valued at $320,000 after buying an additional 3,054 shares during the last quarter. 25.47% of the stock is owned by hedge funds and other institutional investors.
Silicom (NASDAQ SILC) traded up 5.14% on Monday, hitting $54.01. 108,927 shares of the stock traded hands. Silicom has a 12 month low of $30.84 and a 12 month high of $55.99. The company has a market capitalization of $398.65 million, a PE ratio of 29.12 and a beta of 1.19. The firm has a 50-day moving average price of $47.93 and a 200-day moving average price of $44.73.
Silicom (NASDAQ:SILC) last announced its quarterly earnings data on Thursday, April 27th. The technology company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $0.13. The company had revenue of $25.34 million during the quarter, compared to analysts’ expectations of $23.92 million. Silicom had a net margin of 13.25% and a return on equity of 12.29%. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 earnings per share. Analysts forecast that Silicom will post $2.54 earnings per share for the current year.
Silicom Company Profile
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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