Silicom Ltd. (SILC) Sees Strong Trading Volume
Shares of Silicom Ltd. (NASDAQ:SILC) saw an uptick in trading volume on Wednesday . 60,918 shares were traded during trading, an increase of 16% from the previous session’s volume of 52,538 shares.The stock last traded at $40.24 and had previously closed at $40.64.
Separately, Needham & Company LLC lifted their target price on Silicom from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, July 27th.
The stock has a market cap of $300.52 million and a price-to-earnings ratio of 17.86. The stock’s 50 day moving average price is $36.32 and its 200 day moving average price is $31.36.
Silicom (NASDAQ:SILC) last issued its earnings results on Monday, July 25th. The company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.21. During the same period last year, the firm earned $0.40 earnings per share. The firm had revenue of $26 million for the quarter, compared to the consensus estimate of $17.10 million. The company’s revenue for the quarter was up 51.9% on a year-over-year basis. On average, equities analysts anticipate 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.
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