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

Shares of Silicom Ltd (NASDAQ:SILC) have been given an average broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating.

Brokers have set a twelve-month consensus price target of $90.00 for the company, according to Zacks. Zacks has also assigned Silicom an industry rank of 207 out of 265 based on the ratings given to its competitors.

Several research firms have recently weighed in on SILC. BidaskClub lowered shares of Silicom from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price (up from $75.00) on shares of Silicom in a report on Friday, January 12th.

Silicom (NASDAQ:SILC) traded down $1.69 on Monday, reaching $58.56. 97,723 shares of the company’s stock were exchanged, compared to its average volume of 58,550. The stock has a market cap of $448.50, a price-to-earnings ratio of 20.62 and a beta of 1.03. Silicom has a 12 month low of $37.81 and a 12 month high of $77.95.

Several large investors have recently bought and sold shares of SILC. ARK Investment Management LLC purchased a new position in shares of Silicom during the 4th quarter valued at approximately $262,000. National Investment Services Inc. WI increased its holdings in shares of Silicom by 71.0% during 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. OxFORD Asset Management LLP purchased a new position in shares of Silicom during the 3rd quarter valued at approximately $533,000. Citadel Advisors LLC purchased a new position in shares of Silicom during the 3rd quarter valued at approximately $534,000. Finally, Parametric Portfolio Associates LLC purchased a new position in shares of Silicom during the 2nd quarter valued at approximately $682,000. 35.35% of the stock is owned by hedge funds and other institutional investors.

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Silicom Company Profile

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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