Brokerages Set $75.00 Price Target for Silicom Ltd (SILC)
Shares of Silicom Ltd (NASDAQ:SILC) have earned a consensus broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating.
Brokers have set a twelve-month consensus price objective of $75.00 for the company, according to Zacks. Zacks has also assigned Silicom an industry rank of 187 out of 265 based on the ratings given to its competitors.
A number of research analysts have commented on SILC shares. BidaskClub raised Silicom from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Needham & Company LLC increased their target price on Silicom from $67.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday.
A number of large investors have recently added to or reduced their stakes in SILC. Victory Capital Management Inc. lifted its holdings in Silicom by 26.8% during the 1st quarter. Victory Capital Management Inc. now owns 2,179 shares of the technology company’s stock worth $108,000 after buying an additional 461 shares during the last quarter. ETF Managers Group LLC bought a new position in Silicom during the 2nd quarter worth approximately $120,000. American International Group Inc. lifted its holdings in Silicom by 7.2% during the 1st quarter. American International Group Inc. now owns 3,461 shares of the technology company’s stock worth $172,000 after buying an additional 232 shares during the last quarter. Bank of Montreal Can lifted its holdings in Silicom by 73.8% during the 2nd quarter. Bank of Montreal Can now owns 7,191 shares of the technology company’s stock worth $320,000 after buying an additional 3,054 shares during the last quarter. Finally, Westwood Management Corp IL bought a new position in Silicom during the 3rd quarter worth approximately $585,000. 21.69% of the stock is currently owned by institutional investors.
Shares of Silicom (SILC) traded up 2.92% during midday trading on Monday, reaching $72.33. The company’s stock had a trading volume of 57,358 shares. The company’s 50-day moving average price is $60.80 and its 200 day moving average price is $53.27. Silicom has a 1-year low of $34.46 and a 1-year high of $73.68. The firm has a market capitalization of $538.50 million, a PE ratio of 37.46 and a beta of 1.24.
Silicom (NASDAQ:SILC) last released its earnings results on Wednesday, October 25th. The technology company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.04. Silicom had a return on equity of 12.77% and a net margin of 13.68%. The company had revenue of $32.30 million for the quarter, compared to the consensus estimate of $31.11 million. During the same quarter last year, the business posted $0.53 EPS. Silicom’s quarterly revenue was up 30.8% compared to the same quarter last year. On average, equities research analysts forecast that Silicom will post $2.77 earnings per share for the current year.
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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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