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

SILC has been the subject of a number of analyst reports. TheStreet upgraded shares of Silicom from a “hold” rating to a “buy” rating in a research note on Tuesday, March 22nd. Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of Silicom in a research note on Monday, March 14th.

The stock has a market capitalization of $217.20 million and a price-to-earnings ratio of 14.24. The firm has a 50 day moving average price of $28.06 and a 200 day moving average price of $29.35.

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

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

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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