Silicom Ltd. (NASDAQ:SILC)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $39.90 and last traded at $39.24, with a volume of 74,048 shares trading hands. The stock had previously closed at $38.28.

Separately, Needham & Company LLC upped their price target 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 firm has a market capitalization of $285.83 million and a PE ratio of 16.98. The stock’s 50-day moving average is $35.08 and its 200 day moving average is $30.89.

Silicom (NASDAQ:SILC) last announced its earnings results on Monday, July 25th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.21. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The company had revenue of $26 million for the quarter, compared to the consensus estimate of $17.10 million. The company’s revenue for the quarter was up 51.9% compared to the same quarter last year. On average, equities analysts predict that Silicom Ltd. will post $2.20 earnings per share for the current 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 and/or compute blades (Smart Cards), and standalone Products.

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