Silicom Reaches New 12-Month High at $68.81 (SILC)
Silicom (NASDAQ:SILC)’s share price hit a new 52-week high on Tuesday , Analyst Ratings Network.com reports. The company traded as high as $68.81 and last traded at $68.74, with a volume of 90,950 shares. The stock had previously closed at $65.78.
A number of research firms have recently commented on SILC. Analysts at Zacks reiterated an “outperform” rating on shares of Silicom in a research note on Thursday, January 30th. They now have a $75.00 price target on the stock. Separately, analysts at Needham & Company reiterated a “buy” rating on shares of Silicom in a research note on Thursday, January 23rd. Finally, analysts at Needham & Company initiated coverage on shares of Silicom in a research note on Monday, January 13th. They set a “buy” rating on the stock.
The stock’s 50-day moving average is $55. and its 200-day moving average is $42.65. The company has a market cap of $488.2 million and a price-to-earnings ratio of 27.87.
Silicom (NASDAQ:SILC) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $0.94 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.65 by $0.29. The company had revenue of $25.40 million for the quarter, compared to the consensus estimate of $16.70 million. The company’s quarterly revenue was up 52.1% on a year-over-year basis. Analysts expect that Silicom will post $2.71 EPS for the current fiscal year.
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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