Silicom Ltd. (NASDAQ:SILC)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $37.72 and last traded at $37.65, with a volume of 59,889 shares trading hands. The stock had previously closed at $36.26.

Separately, Needham & Company LLC upped their price objective on 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 cap of $274.48 million and a PE ratio of 16.34. The firm’s 50-day moving average is $30.75 and its 200-day moving average is $29.89.

Silicom (NASDAQ:SILC) last issued its quarterly earnings data on Monday, July 25th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.21. The business had revenue of $26 million for the quarter, compared to analysts’ expectations of $17.10 million. The business’s quarterly revenue was up 51.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.40 earnings per share. Equities analysts predict 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 (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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