Silicom Ltd (SILC) Given $75.00 Average Price Target by Analysts

Silicom Ltd (NASDAQ:SILC) has been assigned a consensus broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating.

Analysts have set a 1-year consensus price objective of $75.00 for the company, according to Zacks. Zacks has also given Silicom an industry rank of 117 out of 265 based on the ratings given to its competitors.

A number of analysts have recently commented on the company. Needham & Company LLC lifted their target price on Silicom from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. BidaskClub cut Silicom from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in Silicom by 31.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 78,702 shares of the technology company’s stock valued at $4,588,000 after purchasing an additional 19,027 shares in the last quarter. EAM Investors LLC boosted its holdings in Silicom by 8.8% in the 3rd quarter. EAM Investors LLC now owns 73,748 shares of the technology company’s stock valued at $4,315,000 after purchasing an additional 5,977 shares in the last quarter. Morgan Stanley boosted its holdings in Silicom by 32.9% in the 1st quarter. Morgan Stanley now owns 63,061 shares of the technology company’s stock valued at $3,132,000 after purchasing an additional 15,623 shares in the last quarter. Rice Hall James & Associates LLC purchased a new stake in Silicom in the 3rd quarter valued at approximately $3,122,000. Finally, Pier Capital LLC purchased a new stake in Silicom in the 3rd quarter valued at approximately $2,806,000. 25.29% of the stock is currently owned by institutional investors.

Shares of Silicom (NASDAQ SILC) traded up $1.62 during midday trading on Friday, reaching $69.91. The company’s stock had a trading volume of 22,280 shares, compared to its average volume of 34,563. The stock has a market cap of $516.05, a P/E ratio of 32.95 and a beta of 1.38. Silicom has a 12 month low of $34.86 and a 12 month high of $77.05.

Silicom (NASDAQ:SILC) last announced its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.04. Silicom had a return on equity of 12.77% and a net margin of 13.68%. The company had revenue of $32.30 million during the quarter, compared to the consensus estimate of $31.11 million. During the same period in the previous year, the business earned $0.53 EPS. Silicom’s revenue for the quarter was up 30.8% on a year-over-year basis.

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About Silicom

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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