Silicom Ltd. (NASDAQ:SILC) hit a new 52-week high during trading on Friday . The company traded as high as $38.79 and last traded at $38.63, with a volume of 22,772 shares traded. The stock had previously closed at $38.25.

Separately, Needham & Company LLC raised their price objective on shares of Silicom from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, July 27th.

The company has a 50 day moving average price of $32.97 and a 200 day moving average price of $30.37. The stock has a market cap of $283.06 million and a price-to-earnings ratio of 16.85.

Silicom (NASDAQ:SILC) last posted its earnings results on Monday, July 25th. The company reported $0.63 earnings per share for the quarter, topping the 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. During the same quarter in the previous year, the firm earned $0.40 EPS. Silicom’s revenue for the quarter was up 51.9% compared to the same quarter last year. Equities analysts forecast 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 and/or compute blades (Smart Cards), and standalone Products.