Silicom Ltd. (SILC) Sets New 1-Year High at $42.00
Silicom Ltd. (NASDAQ:SILC) reached a new 52-week high during trading on Tuesday . The stock traded as high as $42.00 and last traded at $40.83, with a volume of 185,899 shares changing hands. The stock had previously closed at $39.30.
Separately, Needham & Company LLC increased their price objective on Silicom from $40.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, July 27th.
The stock’s 50 day moving average is $35.91 and its 200 day moving average is $31.19. The firm has a market capitalization of $296.78 million and a price-to-earnings ratio of 17.63.
Silicom (NASDAQ:SILC) last issued its earnings results on Monday, July 25th. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.21. During the same quarter in the previous year, the firm posted $0.40 earnings per share. The business earned $26 million during 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, analysts expect that Silicom Ltd. will post $2.20 earnings per share 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 and/or compute blades (Smart Cards), and standalone Products.
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