Brokerages Set $60.00 Price Target for Silicom Ltd (NASDAQ:SILC)
Silicom Ltd (NASDAQ:SILC) has earned a consensus broker rating score of 2.00 (Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating.
Analysts have set a 12 month consensus target price of $60.00 for the company, according to Zacks. Zacks has also assigned Silicom an industry rank of 204 out of 265 based on the ratings given to related companies.
Separately, Needham & Company LLC boosted their price objective on Silicom from $56.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, April 28th.
Large investors have recently modified their holdings of the company. Victory Capital Management Inc. boosted its stake in shares of 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 last quarter. American International Group Inc. boosted its stake in shares of 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 last quarter. TFS Capital LLC bought a new stake in shares of Silicom during the first quarter valued at $221,000. GSA Capital Partners LLP bought a new stake in shares of Silicom during the fourth quarter valued at $242,000. Finally, A.R.T. Advisors LLC bought a new stake in shares of Silicom during the fourth quarter valued at $254,000. 25.42% of the stock is currently owned by institutional investors.
Shares of Silicom (SILC) traded up 1.46% during midday trading on Thursday, reaching $45.96. The company had a trading volume of 81,258 shares. The stock has a 50-day moving average of $49.42 and a 200 day moving average of $43.95. Silicom has a 52 week low of $27.06 and a 52 week high of $55.66. The firm has a market capitalization of $339.23 million, a price-to-earnings ratio of 24.78 and a beta of 1.19.
Silicom (NASDAQ:SILC) last issued its quarterly earnings data on Thursday, April 27th. The technology company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $0.13. Silicom had a return on equity of 12.29% and a net margin of 13.25%. The company had revenue of $25.34 million for the quarter, compared to the consensus estimate of $23.92 million. During the same period in the previous year, the firm earned $0.41 earnings per share. The company’s revenue was up 18.7% compared to the same quarter last year. On average, analysts anticipate that Silicom will post $2.54 earnings per share for the current year.
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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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