Silicom (NASDAQ:SILC) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
Separately, ValuEngine upgraded Silicom from a “sell” rating to a “hold” rating in a research note on Saturday, October 27th.
NASDAQ SILC opened at $39.24 on Tuesday. Silicom has a twelve month low of $30.58 and a twelve month high of $66.40. The stock has a market cap of $290.81 million, a P/E ratio of 20.17 and a beta of 1.05.
Several hedge funds have recently bought and sold shares of SILC. Ibex Investors LLC grew its stake in shares of Silicom by 64.2% in the third quarter. Ibex Investors LLC now owns 349,400 shares of the technology company’s stock valued at $14,172,000 after buying an additional 136,650 shares in the last quarter. Tygh Capital Management Inc. acquired a new stake in shares of Silicom in the fourth quarter valued at about $3,419,000. Janus Henderson Group PLC acquired a new stake in shares of Silicom in the third quarter valued at about $3,753,000. Pekin Singer Strauss Asset Management IL grew its stake in shares of Silicom by 38.9% in the third quarter. Pekin Singer Strauss Asset Management IL now owns 174,171 shares of the technology company’s stock valued at $7,064,000 after buying an additional 48,768 shares in the last quarter. Finally, Cadence Capital Management LLC grew its stake in shares of Silicom by 110.3% in the third quarter. Cadence Capital Management LLC now owns 63,036 shares of the technology company’s stock valued at $2,557,000 after buying an additional 33,055 shares in the last quarter. Institutional investors and hedge funds own 36.09% of the company’s stock.
Silicom Company Profile
Silicom Ltd., together with its subsidiaries, designs, manufactures, markets, and supports networking and data infrastructure solutions for a range of servers, server based systems, and communications devices in North America, Europe, and the Asia Pacific. It offers server network interface cards with and without bypass for the server networking industry.
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