Needham Maintains Buy on Silicom, Lowers Price Target to $22
$SILC
Computer Communications Equipment
Telecommunications
Needham analyst Alex Henderson maintains Silicom (NASDAQ:SILC) with a Buy and lowers the price target from $28 to $22.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/4/2024 | Hold | Needham | |
| 7/30/2024 | Buy → Hold | Needham | |
| 12/15/2021 | $57.00 → $65.00 | Buy | Needham |
Needham analyst Alex Henderson reiterates Silicom (NASDAQ:SILC) with a Buy and maintains $20 price target.
Share Repurchase PlanIn addition, the Company today announced that its Board of Directors has authorized a new one-year share buyback plan allowing the Company to invest up to $15 million to repurchase its ordinary shares. This plan will take effect as soon as the previously-announced $15 million one-year plan is completed. The timing and actual number of shares repurchased will depend upon a variety of factors, including share market price and general business and market conditions. The plan authorizes management to repurchase ordinary shares using a variety of methods, including open market transactions in compliance with the rules of the US Securities and Exchange Commission and other app
GuidanceManagement projects that revenues for the second quarter of 2024 will range from $15 million to $17 million. We believe that excess customer inventories and global economy headwinds will ease moving forward through 2024, resulting in second half revenues that are higher than those of the first half, and full-year revenues of approximately $70 million.
Needham resumed coverage of Silicom Limited with a rating of Hold
Needham downgraded Silicom Limited from Buy to Hold
Needham reiterated coverage of Silicom with a rating of Buy and set a new price target of $65.00 from $57.00 previously
6-K - SILICOM LTD. (0000916793) (Filer)
6-K - SILICOM LTD. (0000916793) (Filer)
6-K - SILICOM LTD. (0000916793) (Filer)
SC 13G - SILICOM LTD. (0000916793) (Subject)
SC 13G/A - SILICOM LTD. (0000916793) (Subject)
SC 13G/A - SILICOM LTD. (0000916793) (Subject)
KFAR SAVA, Israel, Oct. 31, 2024 /PRNewswire/ -- Silicom Ltd. (NASDAQ:SILC), a leading provider of high-performance networking and data infrastructure solutions, today reported its financial results for the third quarter ended September 30, 2024. Financial Results Third quarter: Silicom's revenues for the third quarter of 2024 were $14.8 million compared with $30.1 million for the third quarter of 2023. On a GAAP basis, the company's net loss for the quarter totalled $2.6 million, or $0.44 per ordinary share (basic and diluted), compared with net income of $1.2 million, or $0.18 per ordinary share (basic and diluted), for the third quarter of 2023. On a non-GAAP basis (as described and re
- Conference Call Scheduled for Thursday, October 31, 2024 at 9:00am ET - KFAR SAVA, Israel, Oct. 1, 2024 /PRNewswire/ -- Silicom Ltd. (NASDAQ:SILC), an industry-leading provider of high-performance server/appliances networking solutions, announced today that it will be releasing its third quarter 2024 results on Thursday, October 31, 2024. The Company will be hosting a conference call on that same day at 9:00am Eastern Time. On the call, management will review and discuss the results, and will also be available to answer investors' questions, following the prepared remarks. To participate, investors may either listen via a webcast link hosted on Silicom's website or via the dial-in. The li
KFAR SAVA, Israel, July 29, 2024 /PRNewswire/ -- Silicom Ltd. (NASDAQ:SILC), a leading provider of high-performance networking and data infrastructure solutions, today reported its financial results for the second quarter ended June 30, 2024, and provided an update regarding the Strategic Plan announced on February 1st. Financial Results Second quarter: Silicom's revenues for the second quarter of 2024 were $14.5 million compared with $38.1 million for the second quarter of 2023. On a GAAP basis, the company's net loss for the quarter totalled $(1.5) million, or $(0.25) per ordinary share (basic and diluted), compared with net income of $3.8 million, or $0.56 per ordinary share (basic and
KFAR SAVA, Israel, Oct. 31, 2024 /PRNewswire/ -- Silicom Ltd. (NASDAQ:SILC), a leading provider of high-performance networking and data infrastructure solutions, today reported its financial results for the third quarter ended September 30, 2024. Financial Results Third quarter: Silicom's revenues for the third quarter of 2024 were $14.8 million compared with $30.1 million for the third quarter of 2023. On a GAAP basis, the company's net loss for the quarter totalled $2.6 million, or $0.44 per ordinary share (basic and diluted), compared with net income of $1.2 million, or $0.18 per ordinary share (basic and diluted), for the third quarter of 2023. On a non-GAAP basis (as described and re
- Conference Call Scheduled for Thursday, October 31, 2024 at 9:00am ET - KFAR SAVA, Israel, Oct. 1, 2024 /PRNewswire/ -- Silicom Ltd. (NASDAQ:SILC), an industry-leading provider of high-performance server/appliances networking solutions, announced today that it will be releasing its third quarter 2024 results on Thursday, October 31, 2024. The Company will be hosting a conference call on that same day at 9:00am Eastern Time. On the call, management will review and discuss the results, and will also be available to answer investors' questions, following the prepared remarks. To participate, investors may either listen via a webcast link hosted on Silicom's website or via the dial-in. The li
KFAR SAVA, Israel, July 29, 2024 /PRNewswire/ -- Silicom Ltd. (NASDAQ:SILC), a leading provider of high-performance networking and data infrastructure solutions, today reported its financial results for the second quarter ended June 30, 2024, and provided an update regarding the Strategic Plan announced on February 1st. Financial Results Second quarter: Silicom's revenues for the second quarter of 2024 were $14.5 million compared with $38.1 million for the second quarter of 2023. On a GAAP basis, the company's net loss for the quarter totalled $(1.5) million, or $(0.25) per ordinary share (basic and diluted), compared with net income of $3.8 million, or $0.56 per ordinary share (basic and