Shares of Silicom Ltd. (NASDAQ:SILC) traded up 3.1% during mid-day trading on Thursday . The company traded as high as $29.82 and last traded at $29.55, with a volume of 51,411 shares traded. The stock had previously closed at $28.67.

A number of analysts have issued reports on the company. TheStreet raised Silicom from a “hold” rating to a “buy” rating in a research note on Tuesday, March 22nd. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price target on shares of Silicom in a research note on Monday, March 14th.

The firm’s 50-day moving average is $27.94 and its 200-day moving average is $29.34. The stock has a market cap of $215.38 million and a price-to-earnings ratio of 14.12.

Silicom (NASDAQ:SILC) last posted its quarterly earnings data on Thursday, April 21st. The company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.07. The firm earned $21.40 million during the quarter, compared to the consensus estimate of $20.60 million. The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.52 earnings per share. On average, equities research analysts anticipate that Silicom Ltd. will post $1.88 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Silicom stock. Morgan Stanley boosted its position in Silicom Ltd. (NASDAQ:SILC) by 129.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,087 shares of the company’s stock after buying an additional 36,151 shares during the period. Morgan Stanley owned about 0.88% of Silicom worth $1,942,000 as of its most recent filing with the SEC.

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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