Silicom (SILC) Getting Somewhat Favorable News Coverage, Study Finds

News stories about Silicom (NASDAQ:SILC) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Silicom earned a news impact score of 0.14 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 45.3248830031587 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Several equities research analysts have issued reports on the stock. Needham & Company LLC decreased their price objective on shares of Silicom from $90.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, March 14th. BidaskClub downgraded shares of Silicom from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th.

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SILC traded down $0.24 during trading on Monday, hitting $34.17. 81,364 shares of the company’s stock were exchanged, compared to its average volume of 145,907. Silicom has a 1 year low of $32.00 and a 1 year high of $77.95. The company has a market cap of $259.78, a P/E ratio of 12.12 and a beta of 1.39.

Silicom (NASDAQ:SILC) last released its quarterly earnings data on Monday, January 29th. The technology company reported $1.34 earnings per share (EPS) for the quarter. Silicom had a net margin of 17.28% and a return on equity of 16.78%. The company had revenue of $37.78 million during the quarter.

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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 networking interface cards with and without bypass for the server networking industry.

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