Silicom (SILC) Set to Announce Quarterly Earnings on Thursday

Silicom (NASDAQ:SILC – Get Free Report) is scheduled to release its earnings data before the market opens on Thursday, October 26th. Silicom has set its Q3 2023 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Silicom (NASDAQ:SILC – Get Free Report) last announced its quarterly earnings data on Monday, July 31st. The technology company reported $0.56 earnings per share (EPS) for the quarter. Silicom had a net margin of 11.87% and a return on equity of 10.47%. The business had revenue of $38.13 million during the quarter.

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Silicom Price Performance

Shares of NASDAQ:SILC opened at $23.65 on Thursday. The business has a 50 day simple moving average of $25.62 and a two-hundred day simple moving average of $31.86. Silicom has a 1 year low of $22.45 and a 1 year high of $50.00. The firm has a market capitalization of $159.78 million, a PE ratio of 8.51 and a beta of 0.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in shares of Silicom by 1.7% in the 1st quarter. Wellington Management Group LLP now owns 677,200 shares of the technology company’s stock worth $26,661,000 after buying an additional 11,270 shares during the period. Systematic Financial Management LP raised its holdings in shares of Silicom by 2.5% in the fourth quarter. Systematic Financial Management LP now owns 591,091 shares of the technology company’s stock valued at $24,914,000 after acquiring an additional 14,605 shares in the last quarter. Intrepid Capital Management Inc. lifted its stake in Silicom by 6.9% in the first quarter. Intrepid Capital Management Inc. now owns 94,511 shares of the technology company’s stock worth $3,542,000 after acquiring an additional 6,113 shares during the period. Millennium Management LLC grew its holdings in Silicom by 492.2% during the 4th quarter. Millennium Management LLC now owns 63,470 shares of the technology company’s stock worth $2,675,000 after acquiring an additional 52,752 shares in the last quarter. Finally, First Republic Investment Management Inc. increased its position in Silicom by 5.7% during the 2nd quarter. First Republic Investment Management Inc. now owns 22,011 shares of the technology company’s stock valued at $741,000 after purchasing an additional 1,189 shares during the period. Institutional investors own 50.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. TheStreet downgraded Silicom from a “b-” rating to a “c” rating in a research report on Wednesday, August 2nd. StockNews.com assumed coverage on shares of Silicom in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, Needham & Company LLC decreased their price objective on shares of Silicom from $58.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, August 1st.

Read Our Latest Analysis on SILC

Silicom Company Profile

(Get Free Report)

Silicom Ltd., together with its subsidiaries, designs, manufactures, markets, and supports high-performance networking and data infrastructure solutions for a range of servers, server-based systems, and communications devices in the United States, North America, Israel, Europe, and the Asia Pacific. It offers server network interface cards; and smart cards, such as smart server adapters, which include redirector and switching cards, encryption and data compression hardware acceleration cards, forward error correction acceleration and offloading cards, time synchronization cards, and field programmable gate array-based cards.

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