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Equities researchers at Needham & Company initiated coverage on shares of Silicom Ltd (NASDAQ:SILC) in a research report issued on Monday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Silicom Ltd in a research note to investors on Friday, December 27th. They now have a $50.00 price target on the stock. Analysts at Maxim Group upgraded shares of Silicom Ltd from a “hold” rating to a “buy” rating in a research note to investors on Monday, October 21st. They now have a $42.00 price target on the stock.

Shares of Silicom Ltd (NASDAQ:SILC) traded up 0.66% during mid-day trading on Monday, hitting $46.75. 71,160 shares of the company’s stock traded hands. Silicom Ltd has a 1-year low of $19.24 and a 1-year high of $47.15. The stock has a 50-day moving average of $43.69 and a 200-day moving average of $38.87. The company has a market cap of $332.6 million and a price-to-earnings ratio of 24.56.

Silicom Ltd. is engaged in the design, manufacture, marketing and support of connectivity solutions for a range of servers and server based systems.

The Fly On The Wall

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