Silicom Ltd (SILC) Releases Quarterly Earnings Results
Silicom Ltd (NASDAQ:SILC) announced its earnings results on Monday. The company reported $0.58 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.12, AnalystRatings.Net reports. The company had revenue of $17.20 million for the quarter, compared to the consensus estimate of $16.40 million.
Silicom Ltd (NASDAQ:SILC) opened at 36.34 on Monday. Silicom Ltd has a 52-week low of $16.01 and a 52-week high of $42.40. The stock has a 50-day moving average of $34.7 and a 200-day moving average of $33.58. The company has a market cap of $258.5 million and a price-to-earnings ratio of 21.38.
A number of research firms have recently commented on SILC. Analysts at Zacks reiterated an “outperform” rating on shares of Silicom Ltd in a research note to investors on Friday, July 26th. They now have a $50.00 price target on the stock. Analysts at Maxim Group downgraded shares of Silicom Ltd from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, July 23rd. They now have a $32.00 price target on the stock. They noted that the move was a valuation call.
Silicom Ltd. is engaged in the design, manufacture, marketing and support of connectivity solutions for a range of servers and server based systems.
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