Zacks: Silicom Ltd (SILC) Given $75.00 Average Price Target by Analysts
Silicom Ltd (NASDAQ:SILC) has earned an average broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating.
Analysts have set a 12-month consensus price objective of $75.00 for the company, according to Zacks. Zacks has also given Silicom an industry rank of 115 out of 265 based on the ratings given to related companies.
Separately, Needham & Company LLC lifted their target price on shares of Silicom from $67.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, October 26th.
Shares of Silicom (SILC) traded down $1.86 during trading on Tuesday, reaching $70.54. 41,400 shares of the company’s stock traded hands, compared to its average volume of 48,762. The stock has a market capitalization of $538.95, a PE ratio of 34.48 and a beta of 1.38. Silicom has a twelve month low of $34.86 and a twelve month high of $77.05.
Silicom (NASDAQ:SILC) last issued its earnings results on Wednesday, October 25th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.04. The business had revenue of $32.30 million during the quarter, compared to analysts’ expectations of $31.11 million. Silicom had a net margin of 13.68% and a return on equity of 12.77%. The business’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 earnings per share.
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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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