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.
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.
ILLEGAL ACTIVITY NOTICE: This piece of content was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/12/15/silicom-ltd-silc-given-75-00-average-price-target-by-analysts.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Silicom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silicom and related companies with MarketBeat.com's FREE daily email newsletter.