Silicom Ltd (SILC) Receives Consensus Rating of “Buy” from Analysts

Silicom Ltd (NASDAQ:SILC) has been assigned an average broker rating score of 2.00 (Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy rating.

Brokers have set a 12 month consensus price target of $90.00 for the company, according to Zacks. Zacks has also given Silicom an industry rank of 236 out of 265 based on the ratings given to its competitors.

SILC has been the topic of several recent analyst reports. Needham & Company LLC raised their price objective on shares of Silicom from $67.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. BidaskClub downgraded shares of Silicom from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th.

Shares of Silicom (NASDAQ:SILC) opened at $62.97 on Friday. The company has a market cap of $468.75, a price-to-earnings ratio of 22.17 and a beta of 1.03. Silicom has a 52-week low of $35.33 and a 52-week high of $77.95.

Several hedge funds have recently made changes to their positions in SILC. GHP Investment Advisors Inc. bought a new stake in shares of Silicom during the 3rd quarter valued at $253,000. National Investment Services Inc. WI increased 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 acquiring an additional 2,774 shares during the last quarter. OxFORD Asset Management LLP bought a new stake in Silicom in the 3rd quarter valued at $533,000. Citadel Advisors LLC bought a new stake in Silicom in the 3rd quarter valued at $534,000. Finally, Westwood Management Corp IL bought a new stake in Silicom in the 3rd quarter valued at $585,000. Hedge funds and other institutional investors own 25.79% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Silicom Ltd (SILC) Receives Consensus Rating of “Buy” from Analysts” was published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/11/silicom-ltd-silc-receives-consensus-rating-of-buy-from-analysts.html.

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.

Get a free copy of the Zacks research report on Silicom (SILC)

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.

Leave a Reply