Meyers: Silicom Offers An Opportunity To Profit From Recency Bias [Seeking Alpha]
Silicom Ltd - Ordinary Shares (SILC)
US:NASDAQ Investor Relations:
silicom-usa.com/investor-presentations
Company Research
Source: Seeking Alpha
Summary Silicom Ltd.'s stock was beaten up after a major deal with IBM fell through in 2018, but revenues will likely ramp up this year, says Jeff Meyers of Cobia Capital. Despite a number of large design win announcements since the failed deal, investors are hesitant to price in revenues from product roll-outs that have been announced. Two growth drivers that should take effect in 2020 and 2021 will increase profitability, making Silicom a good opportunity for investors. Silicom (NASDAQ: SILC Meyers said the stock still remains in that range, as investors have been reluctant to give credence to design wins that Silicom is announcing now. However, two design wins lined up for 2020 and 2021 promise to drive growth and increase profitability, and Meyers thinks the stock will rally accordingly, with the potential for the stock to double over that period. “It's cheap now; the stock is at $33. They have about $12 a share in net cash. So, it's really looking like a $20 stock,” he said. “And
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SILC
News
- Silicom Ltd. (NASDAQ: SILC) is now covered by analysts at Needham & Company LLC. They set a "hold" rating on the stock.MarketBeat
- Silicom Third Quarter 2024 Earnings: US$0.44 loss per share (vs US$0.18 profit in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- Silicom Reports Q3 2024 ResultsPR Newswire
- SILICOM'S THIRD QUARTER 2024 RESULTS RELEASE SCHEDULED FOR OCTOBER 31, 2024PR Newswire
- Silicom Ltd. (NASDAQ: SILC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
SILC
Analyst Actions
- 11/4/24 - Needham & Company LLC
SILC
Sec Filings
- 10/31/24 - Form 6-K
- 10/3/24 - Form SC
- 10/1/24 - Form 6-K
- SILC's page on the SEC website