Shares of Silicom Ltd. (NASDAQ:SILC) fell 0.5% during mid-day trading on Tuesday . The company traded as low as $28.07 and last traded at $30.26, with a volume of 59,444 shares traded. The stock had previously closed at $30.40.

A number of brokerages have recently issued reports on SILC. TheStreet raised shares of Silicom from a “hold” rating to a “buy” rating in a research note on Tuesday, March 22nd. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of Silicom in a research note on Monday, March 14th.

The firm’s 50-day moving average is $28.33 and its 200-day moving average is $29.41. The company has a market capitalization of $218.81 million and a P/E ratio of 14.34.

Silicom (NASDAQ:SILC) last announced its quarterly earnings data on Thursday, April 21st. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.07. The company had revenue of $21.40 million for the quarter, compared to analysts’ expectations of $20.60 million. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.52 earnings per share. Equities analysts predict that Silicom Ltd. will post $1.88 EPS for the current fiscal year.

A hedge fund recently raised its stake in Silicom stock. Morgan Stanley boosted its position in shares of Silicom Ltd. (NASDAQ:SILC) by 129.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 64,087 shares of the company’s stock after buying an additional 36,151 shares during the period. Morgan Stanley owned approximately 0.88% of Silicom worth $1,942,000 at the end of the most recent reporting period.

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 (Smart Adapters); stand-alone bypass switches (Mostly Intelligent Bypass Switches), and Server To Appliance Converter (SETAC) product family, a solution that provides standard servers to be configured as network appliances with front networking ports, including Switched SETAC.

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