Silicom (NASDAQ:SILC) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of Silicom (NASDAQ:SILC) from a sell rating to a hold rating in a research report released on Thursday morning.

Separately, Needham & Company LLC reissued a buy rating and issued a $20.00 price objective on shares of Silicom in a research note on Friday, May 3rd.

Silicom Trading Up 0.4 %

Shares of Silicom stock opened at $16.12 on Thursday. The stock has a 50-day moving average price of $15.94 and a 200 day moving average price of $16.32. The company has a market cap of $108.97 million, a P/E ratio of -10.27 and a beta of 1.06. Silicom has a 1 year low of $13.75 and a 1 year high of $40.70.

Silicom (NASDAQ:SILC) last posted its quarterly earnings results on Thursday, May 2nd. The technology company reported ($0.55) earnings per share for the quarter. Silicom had a negative return on equity of 5.97% and a negative net margin of 9.80%. The firm had revenue of $14.37 million for the quarter.

Institutional Trading of Silicom

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SILC. Quadrature Capital Ltd acquired a new stake in shares of Silicom during the 1st quarter worth approximately $256,000. Isthmus Partners LLC grew its holdings in shares of Silicom by 16.9% during the 4th quarter. Isthmus Partners LLC now owns 61,052 shares of the technology company’s stock worth $1,105,000 after purchasing an additional 8,806 shares in the last quarter. Worth Venture Partners LLC acquired a new stake in shares of Silicom during the 3rd quarter worth approximately $1,432,000. ARK Investment Management LLC grew its holdings in shares of Silicom by 39.3% during the 4th quarter. ARK Investment Management LLC now owns 79,319 shares of the technology company’s stock worth $1,436,000 after purchasing an additional 22,371 shares in the last quarter. Finally, Foundry Partners LLC grew its holdings in shares of Silicom by 35.8% during the 3rd quarter. Foundry Partners LLC now owns 62,650 shares of the technology company’s stock worth $1,635,000 after purchasing an additional 16,520 shares in the last quarter. Institutional investors and hedge funds own 52.85% of the company’s stock.

About Silicom

Silicom Ltd., together with its subsidiaries, designs, manufactures, markets, and supports networking and data infrastructure solutions for servers, server-based systems, and communications devices. 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.