Analysts Set $60.00 Target Price for Silicom Ltd (SILC)
Silicom Ltd (NASDAQ:SILC) has been given an average broker rating score of 2.00 (Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating.
Analysts have set a 1 year consensus price objective of $60.00 for the company, according to Zacks. Zacks has also assigned Silicom an industry rank of 185 out of 265 based on the ratings given to its competitors.
Several research firms have weighed in on SILC. Needham & Company LLC raised their target price on shares of Silicom from $56.00 to $60.00 and gave the company a “buy” rating in a report on Friday, April 28th. BidaskClub upgraded shares of Silicom from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th.
A number of institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its position in Silicom by 54.6% in the first quarter. Renaissance Technologies LLC now owns 41,247 shares of the technology company’s stock valued at $2,049,000 after buying an additional 14,562 shares during the period. Morgan Stanley increased its position in Silicom by 32.9% in the first quarter. Morgan Stanley now owns 63,061 shares of the technology company’s stock valued at $3,132,000 after buying an additional 15,623 shares during the period. TIAA CREF Investment Management LLC increased its position in Silicom by 6.7% in the first quarter. TIAA CREF Investment Management LLC now owns 26,871 shares of the technology company’s stock valued at $1,335,000 after buying an additional 1,688 shares during the period. Wellington Management Group LLP increased its position in Silicom by 4.2% in the first quarter. Wellington Management Group LLP now owns 288,658 shares of the technology company’s stock valued at $14,338,000 after buying an additional 11,700 shares during the period. Finally, Cadence Capital Management LLC acquired a new position in Silicom during the first quarter valued at $1,603,000. Hedge funds and other institutional investors own 25.45% of the company’s stock.
Silicom (NASDAQ:SILC) traded down 0.95% during trading on Tuesday, hitting $52.12. The stock had a trading volume of 4,354 shares. The firm has a 50 day moving average of $50.02 and a 200-day moving average of $46.39. Silicom has a 12 month low of $34.46 and a 12 month high of $56.99. The stock has a market cap of $386.73 million, a price-to-earnings ratio of 26.94 and a beta of 1.22.
Silicom (NASDAQ:SILC) last announced its quarterly earnings data on Monday, July 24th. The technology company reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.05. Silicom had a net margin of 13.34% and a return on equity of 11.94%. The firm had revenue of $30.30 million during the quarter, compared to analysts’ expectations of $28.33 million. During the same quarter last year, the business earned $0.63 earnings per share. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. Equities analysts predict that Silicom will post $2.74 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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