Somewhat Critical Media Coverage Likely to Affect Silicom (SILC) Share Price
Media headlines about Silicom (NASDAQ:SILC) have been trending somewhat negative this week, according to AlphaOne. AlphaOne, a service of Accern, rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Silicom earned a news impact score of -0.11 on AlphaOne’s scale. AlphaOne also gave media coverage about the technology company an impact score of 66 out of 100, meaning that recent media coverage is likely to have an impact on the stock’s share price in the next few days.
Silicom (NASDAQ:SILC) traded down 2.24% during trading on Tuesday, hitting $45.84. 17,892 shares of the company traded hands. Silicom has a 52-week low of $25.48 and a 52-week high of $50.00. The firm has a market cap of $338.35 million, a price-to-earnings ratio of 25.94 and a beta of 1.28. The company’s 50-day moving average is $43.28 and its 200 day moving average is $39.93.
Silicom (NASDAQ:SILC) last announced its quarterly earnings results on Monday, January 30th. The technology company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The company had revenue of $28.33 million for the quarter, compared to analyst estimates of $27.44 million. Silicom had a net margin of 13.09% and a return on equity of 11.46%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 earnings per share. On average, equities analysts anticipate that Silicom will post $2.54 earnings per share for the current year.
The business also recently declared an annual dividend, which was paid on Wednesday, April 5th. Shareholders of record on Monday, March 27th were paid a $1.00 dividend. The ex-dividend date was Thursday, March 23rd. This represents a yield of 2.58%. Silicom’s dividend payout ratio is currently 56.50%.
Separately, Needham & Company LLC lifted their price objective on shares of Silicom from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, March 23rd.
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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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