Silicom Ltd. (SILC) Reaches New 12-Month High at $39.90
Silicom Ltd. (NASDAQ:SILC) shares hit a new 52-week high on Tuesday . The company traded as high as $39.90 and last traded at $39.24, with a volume of 74,048 shares changing hands. The stock had previously closed at $38.28.
Separately, Needham & Company LLC lifted their price target on shares of Silicom from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, July 27th.
The company has a 50-day moving average price of $34.67 and a 200-day moving average price of $30.75. The stock has a market cap of $289.10 million and a price-to-earnings ratio of 17.178.
Silicom (NASDAQ:SILC) last posted its quarterly earnings data on Monday, July 25th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.21. During the same period in the prior year, the company posted $0.40 earnings per share. The firm had revenue of $26 million for the quarter, compared to analysts’ expectations of $17.10 million. Silicom’s quarterly revenue was up 51.9% compared to the same quarter last year. Equities analysts anticipate that Silicom Ltd. will post $2.20 EPS 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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