Zacks: Silicom Ltd (SILC) Given $90.00 Average Target Price by Brokerages

Shares of Silicom Ltd (NASDAQ:SILC) have earned a consensus broker rating score of 2.00 (Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation.

Brokerages have set a twelve-month consensus price target of $90.00 for the company, according to Zacks. Zacks has also given Silicom an industry rank of 175 out of 265 based on the ratings given to its competitors.

A number of equities analysts recently issued reports on the company. BidaskClub lowered Silicom from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Needham & Company LLC reissued a “buy” rating and set a $90.00 price target (up previously from $75.00) on shares of Silicom in a report on Friday, January 12th.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. National Investment Services Inc. WI boosted its holdings in Silicom by 71.0% in the 4th quarter. National Investment Services Inc. WI now owns 6,682 shares of the technology company’s stock valued at $468,000 after purchasing an additional 2,774 shares in the last quarter. Pier Capital LLC purchased a new stake in Silicom in the 3rd quarter valued at approximately $2,806,000. OxFORD Asset Management LLP purchased a new stake in Silicom in the 3rd quarter valued at approximately $533,000. Pinnacle Associates Ltd. purchased a new stake in Silicom in the 3rd quarter valued at approximately $1,068,000. Finally, Wells Fargo & Company MN boosted its holdings in Silicom by 9.3% in the 3rd quarter. Wells Fargo & Company MN now owns 38,485 shares of the technology company’s stock valued at $2,252,000 after purchasing an additional 3,280 shares in the last quarter. 25.29% of the stock is currently owned by institutional investors.

Silicom (NASDAQ SILC) opened at $76.39 on Friday. Silicom has a twelve month low of $34.86 and a twelve month high of $77.95. The stock has a market capitalization of $553.61, a PE ratio of 36.38 and a beta of 1.38.

Silicom (NASDAQ:SILC) last released 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 firm had revenue of $32.30 million for the quarter, compared to analyst estimates of $31.11 million. During the same quarter last year, the company posted $0.53 earnings per share. The business’s revenue 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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