Silicom (NASDAQ:SILC) Downgraded by StockNews.com

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

Separately, Needham & Company LLC downgraded Silicom from a buy rating to a hold rating in a report on Tuesday.

Silicom Trading Down 6.4 %

SILC opened at $11.94 on Wednesday. The business’s 50-day moving average price is $15.46 and its 200-day moving average price is $15.77. Silicom has a 12 month low of $11.75 and a 12 month high of $28.24.

Silicom (NASDAQ:SILC) last released its quarterly earnings data on Monday, July 29th. The technology company reported ($0.25) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.10. The firm had revenue of $14.50 million for the quarter. Silicom had a negative return on equity of 9.92% and a negative net margin of 19.62%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Quadrature Capital Ltd purchased a new position in Silicom during the 1st quarter valued at about $256,000. Isthmus Partners LLC increased its holdings in Silicom by 16.9% during the 4th quarter. Isthmus Partners LLC now owns 61,052 shares of the technology company’s stock valued at $1,105,000 after purchasing an additional 8,806 shares during the period. Finally, Kent Lake Capital LLC increased its holdings in Silicom by 5.0% during the 1st quarter. Kent Lake Capital LLC now owns 315,000 shares of the technology company’s stock valued at $4,678,000 after purchasing an additional 15,000 shares during the period. Hedge funds and other institutional investors 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.