Silicom Ltd. (SILC) Reaches New 52-Week High at $37.72
Silicom Ltd. (NASDAQ:SILC) reached a new 52-week high during trading on Monday . The company traded as high as $37.72 and last traded at $37.65, with a volume of 59,889 shares trading hands. The stock had previously closed at $36.26.
Separately, Needham & Company LLC increased their target price on shares of Silicom from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, July 27th.
The company’s 50 day moving average price is $30.19 and its 200-day moving average price is $29.72. The stock has a market capitalization of $281.22 million and a P/E ratio of 16.74.
Silicom (NASDAQ:SILC) last announced its quarterly earnings results on Monday, July 25th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.21. The company had revenue of $26 million for the quarter, compared to analyst estimates of $17.10 million. During the same quarter in the prior year, the business earned $0.40 earnings per share. Silicom’s revenue was up 51.9% on a year-over-year basis. Equities analysts forecast that Silicom Ltd. will post $2.20 EPS for the current fiscal year.
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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