Silicom Ltd (SILC) Stock Rating Upgraded by BidaskClub
BidaskClub upgraded shares of Silicom Ltd (NASDAQ:SILC) from a sell rating to a hold rating in a research report sent to investors on Wednesday.
Separately, Needham & Company LLC lifted their price target on Silicom from $56.00 to $60.00 and gave the company a buy rating in a report on Friday, April 28th.
Silicom (SILC) opened at 49.55 on Wednesday. Silicom has a 52-week low of $29.81 and a 52-week high of $55.66. The firm has a market cap of $365.73 million, a PE ratio of 26.71 and a beta of 1.19. The firm has a 50-day moving average of $49.42 and a 200-day moving average of $43.95.
Silicom (NASDAQ:SILC) last posted its quarterly earnings results on Thursday, April 27th. The technology company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.48 by $0.13. The business had revenue of $25.34 million during the quarter, compared to analysts’ expectations of $23.92 million. Silicom had a net margin of 13.25% and a return on equity of 12.29%. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 EPS. Equities analysts anticipate that Silicom will post $2.54 EPS for the current year.
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A number of hedge funds have recently bought and sold shares of SILC. Victory Capital Management Inc. boosted its stake in Silicom by 26.8% in the first quarter. Victory Capital Management Inc. now owns 2,179 shares of the technology company’s stock valued at $108,000 after buying an additional 461 shares during the period. American International Group Inc. boosted its stake in Silicom by 7.2% in the first quarter. American International Group Inc. now owns 3,461 shares of the technology company’s stock valued at $172,000 after buying an additional 232 shares during the period. TFS Capital LLC acquired a new stake in Silicom during the first quarter valued at approximately $221,000. GSA Capital Partners LLP acquired a new stake in Silicom during the fourth quarter valued at approximately $242,000. Finally, A.R.T. Advisors LLC acquired a new stake in Silicom during the fourth quarter valued at approximately $254,000. Institutional investors own 25.47% of the company’s stock.
Silicom Company Profile
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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