Shares of Silicom Ltd (NASDAQ:SILC) have earned a consensus broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation.

Analysts have set a one year consensus price objective of $60.00 for the company, according to Zacks. Zacks has also given Silicom an industry rank of 113 out of 265 based on the ratings given to its competitors.

A number of equities research analysts recently commented on the stock. BidaskClub lowered shares of Silicom from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Needham & Company LLC upped their price objective on shares of Silicom from $56.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, April 28th.

Hedge funds and other institutional investors have recently modified their holdings of the company. 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 period. ETF Managers Group LLC bought a new position in shares of Silicom during the second quarter valued at approximately $120,000. 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 period. TFS Capital LLC bought a new position in shares of Silicom during the first quarter valued at approximately $221,000. 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 period. Institutional investors and hedge funds own 25.45% of the company’s stock.

Shares of Silicom (NASDAQ:SILC) traded up 1.48% during trading on Tuesday, reaching $52.26. 23,209 shares of the company were exchanged. The stock has a 50-day moving average price of $50.67 and a 200-day moving average price of $46.67. The stock has a market capitalization of $387.77 million, a PE ratio of 27.01 and a beta of 1.22. Silicom has a one year low of $34.46 and a one year high of $56.99.

Silicom (NASDAQ:SILC) last posted its quarterly earnings results on Monday, July 24th. The technology company reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.05. Silicom had a net margin of 13.34% and a return on equity of 11.94%. The company had revenue of $30.30 million during the quarter, compared to analyst estimates of $28.33 million. During the same period in the prior year, the business posted $0.63 EPS. The firm’s revenue was up 16.5% compared to the same quarter last year. Analysts forecast that Silicom will post $2.74 EPS for the current year.

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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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