Silicon Image Up 18% After Hitting 52-Week High (SIMG) - Home Depot (NYSE:HD)

Shares of Sunnyvale, California-based Silicon Image, Inc. (Nasdaq:

) are currently up 18% at $9.11 per share during Friday afternoon trading. Today's trading range for shares of Silicon Image, Inc has been between $8.26 and a 52-week high of $9.33 per share. The consensus price target of analysts covering the company's stock is $9.00 per share. Volume of 5 million shares shares is already more than 4 times the daily average volume of 1.2 million shares. Silicon Image, Inc. (

SIMG

) released financial results late on Thursday that easily beat Wall Street estimates. Silicon Image, Inc reported 4th quarter adjusted earnings of 7 cents per share, on revenue of $52.0 million. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 3 cents per share, on revenue of $46.95 million. Silicon Image, Inc is a leading provider of advanced, interoperable connectivity solutions that enable the reliable distribution and presentation of high-definition (

) content for consumer electronics, mobile, and PC markets. Read more

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HDThe Home Depot Inc

$312.75-0.10%

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