Zacks: Silicom Ltd. (NASDAQ:SILC) Given Consensus Rating of “Buy” by Brokerages
Silicom Ltd. (NASDAQ:SILC) has been given a consensus broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation.
Brokers have set a one year consensus target price of $43.00 for the company, according to Zacks. Zacks has also given Silicom an industry rank of 15 out of 265 based on the ratings given to related companies.
Separately, Needham & Company LLC increased their target price on shares of Silicom from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, July 27th.
Several hedge funds and other institutional investors have recently made changes to their positions in SILC. Barclays PLC raised its position in shares of Silicom by 0.5% in the second quarter. Barclays PLC now owns 36,426 shares of the company’s stock worth $1,089,000 after buying an additional 199 shares during the last quarter. Taylor Frigon Capital Management LLC increased its stake in shares of Silicom by 1.1% in the second quarter. Taylor Frigon Capital Management LLC now owns 45,028 shares of the company’s stock worth $1,346,000 after buying an additional 502 shares during the period. Commonwealth Equity Services Inc increased its stake in shares of Silicom by 7.3% in the first quarter. Commonwealth Equity Services Inc now owns 13,200 shares of the company’s stock worth $451,000 after buying an additional 894 shares during the period. Foundry Partners LLC increased its stake in shares of Silicom by 3.4% in the first quarter. Foundry Partners LLC now owns 92,170 shares of the company’s stock worth $3,147,000 after buying an additional 3,000 shares during the period. Finally, Nationwide Fund Advisors purchased a new stake in shares of Silicom during the second quarter worth $106,000. Hedge funds and other institutional investors own 20.33% of the company’s stock.
Shares of Silicom (NASDAQ:SILC) opened at 40.27 on Wednesday. The firm has a market cap of $295.82 million, a price-to-earnings ratio of 17.58 and a beta of 1.50. The company has a 50 day moving average of $38.83 and a 200-day moving average of $32.05. Silicom has a one year low of $25.00 and a one year high of $42.00.
Silicom (NASDAQ:SILC) last announced its earnings results on Monday, July 25th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.21. Silicom had a net margin of 17.96% and a return on equity of 15.83%. The firm had revenue of $26 million for the quarter, compared to analyst estimates of $17.10 million. During the same quarter in the prior year, the business posted $0.40 EPS. The business’s revenue was up 51.9% compared to the same quarter last year. On average, analysts expect that Silicom will post $2.20 EPS for the current year.
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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