Needham & Company LLC began coverage on shares of Silicom (NASDAQ:SILC) in a research report report published on Wednesday, TipRanks reports. The brokerage issued a buy rating and a $42.00 price objective on the technology company’s stock.

Several other analysts have also recently commented on SILC. ValuEngine cut Silicom from a hold rating to a sell rating in a research report on Thursday, July 2nd. BidaskClub upgraded Silicom from a hold rating to a buy rating in a report on Saturday, July 18th.

Shares of Silicom stock opened at $37.67 on Wednesday. The stock has a market cap of $270.47 million, a PE ratio of 39.24 and a beta of 1.03. The business has a fifty day simple moving average of $36.42 and a 200-day simple moving average of $32.77. The company has a quick ratio of 4.07, a current ratio of 3.49 and a debt-to-equity ratio of 0.01. Silicom has a 12 month low of $20.93 and a 12 month high of $39.45.

Silicom (NASDAQ:SILC) last issued its earnings results on Wednesday, July 29th. The technology company reported $0.26 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. The business had revenue of $23.05 million during the quarter. Silicom had a return on equity of 4.41% and a net margin of 7.51%.

Several large investors have recently made changes to their positions in SILC. UBS Group AG purchased a new stake in shares of Silicom during the first quarter worth $37,000. Fifth Third Bancorp purchased a new stake in shares of Silicom during the first quarter worth $54,000. Advisor Group Holdings Inc. purchased a new stake in shares of Silicom during the first quarter worth $103,000. New York State Common Retirement Fund raised its holdings in shares of Silicom by 22.3% during the first quarter. New York State Common Retirement Fund now owns 4,146 shares of the technology company’s stock worth $112,000 after acquiring an additional 756 shares in the last quarter. Finally, PNC Financial Services Group Inc. bought a new position in Silicom during the first quarter valued at about $116,000. Institutional investors and hedge funds own 46.88% of the company’s stock.

Silicom Company Profile

Silicom Ltd., together with its subsidiaries, designs, manufactures, markets, and supports networking and data infrastructure solutions for a range of servers, server based systems, and communications devices in North America, Europe, and the Asia Pacific. It offers server network interface cards with and without bypass for the server networking industry.

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