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

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

The company has a 50-day moving average of $32.97 and a 200 day moving average of $30.37. The firm has a market cap of $283.48 million and a P/E ratio of 16.84.

Silicom (NASDAQ:SILC) last posted its earnings results on Monday, July 25th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.21. The business earned $26 million during the quarter, compared to analyst estimates of $17.10 million. During the same period in the previous year, the firm posted $0.40 earnings per share. The firm’s revenue was up 51.9% on a year-over-year basis. On average, analysts anticipate that Silicom Ltd. will post $2.20 earnings per share for the current 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.

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