Silicom Ltd. (SILC) Reaches New 12-Month High at $42.00
Shares of Silicom Ltd. (NASDAQ:SILC) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $42.00 and last traded at $40.83, with a volume of 185,899 shares trading hands. The stock had previously closed at $39.30.
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 stock has a market capitalization of $300.52 million and a P/E ratio of 17.86. The firm has a 50 day moving average price of $36.32 and a 200-day moving average price of $31.36.
Silicom (NASDAQ:SILC) last announced its quarterly earnings data on Monday, July 25th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.21. During the same quarter in the previous year, the business earned $0.40 earnings per share. The firm had revenue of $26 million for the quarter, compared to the consensus estimate of $17.10 million. The firm’s revenue for the quarter was up 51.9% on a year-over-year basis. Equities research analysts predict that Silicom Ltd. will post $2.20 EPS 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.