Silicom Ltd (NASDAQ:SILC) reached a new 52-week high on Thursday . The stock traded as high as $69.47 and last traded at $69.75, with a volume of 148,179 shares traded. The stock had previously closed at $59.82.

Several research firms recently weighed in on SILC. BidaskClub upgraded Silicom from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Needham & Company LLC restated a “buy” rating and issued a $67.00 target price (up from $60.00) on shares of Silicom in a report on Tuesday, July 25th.

The company has a market capitalization of $517.43 million, a PE ratio of 35.99 and a beta of 1.24. The firm has a 50 day moving average of $57.48 and a 200-day moving average of $51.87.

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

A number of hedge funds have recently bought and sold shares of SILC. EAM Investors LLC bought a new position in Silicom in the second quarter valued at approximately $3,006,000. Goldman Sachs Group Inc. grew its stake in Silicom by 718.9% in the second quarter. Goldman Sachs Group Inc. now owns 42,544 shares of the technology company’s stock valued at $1,887,000 after purchasing an additional 37,349 shares in the last quarter. Ameriprise Financial Inc. bought a new position in Silicom in the second quarter valued at approximately $1,036,000. LMR Partners LLP bought a new position in Silicom in the second quarter valued at approximately $789,000. Finally, Morgan Stanley grew its stake in Silicom by 32.9% in the first quarter. Morgan Stanley now owns 63,061 shares of the technology company’s stock valued at $3,132,000 after purchasing an additional 15,623 shares in the last quarter. Hedge funds and other institutional investors own 21.87% of the company’s stock.

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About Silicom

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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