Silicom Ltd (NASDAQ:SILC) has received a consensus broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating.
Analysts have set a 1 year consensus target price of $50.00 for the company, according to Zacks. Zacks has also assigned Silicom an industry rank of 87 out of 265 based on the ratings given to its competitors.
A number of analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price objective (up from $75.00) on shares of Silicom in a research note on Friday, January 12th. BidaskClub downgraded shares of Silicom from a “hold” rating to a “sell” rating in a report on Thursday, January 11th.
SILC stock traded up $1.00 during trading hours on Monday, reaching $37.29. 228,736 shares of the company were exchanged, compared to its average volume of 146,003. Silicom has a 52 week low of $33.56 and a 52 week high of $77.95. The stock has a market capitalization of $273.97, a price-to-earnings ratio of 13.13 and a beta of 1.03.
Silicom (NASDAQ:SILC) last released its quarterly earnings data on Monday, January 29th. The technology company reported $1.34 earnings per share for the quarter. Silicom had a net margin of 17.28% and a return on equity of 16.78%. The company had revenue of $37.78 million during the quarter.
A number of institutional investors have recently made changes to their positions in SILC. ARK Investment Management LLC bought a new position in Silicom in the fourth quarter worth about $262,000. National Investment Services Inc. WI raised its holdings in Silicom by 71.0% in the fourth quarter. National Investment Services Inc. WI now owns 6,682 shares of the technology company’s stock worth $468,000 after purchasing an additional 2,774 shares in the last quarter. OxFORD Asset Management LLP bought a new position in Silicom in the third quarter worth about $533,000. Citadel Advisors LLC bought a new position in Silicom in the third quarter worth about $534,000. Finally, Parametric Portfolio Associates LLC bought a new position in Silicom in the second quarter worth about $682,000. Institutional investors and hedge funds own 35.25% of the company’s stock.
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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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