Isthmus Partners LLC Acquires 1,145 Shares of Silicom Ltd. (NASDAQ:SILC)

Isthmus Partners LLC raised its holdings in Silicom Ltd. (NASDAQ:SILC) by 3.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,205 shares of the technology company’s stock after acquiring an additional 1,145 shares during the quarter. Isthmus Partners LLC owned about 0.52% of Silicom worth $1,595,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SILC. Meitav Dash Investments Ltd. bought a new position in Silicom in the first quarter valued at approximately $357,000. The PNC Financial Services Group Inc. boosted its stake in Silicom by 20.9% in the first quarter. The PNC Financial Services Group Inc. now owns 5,200 shares of the technology company’s stock valued at $234,000 after acquiring an additional 900 shares during the last quarter. Systematic Financial Management LP boosted its stake in Silicom by 27.6% in the first quarter. Systematic Financial Management LP now owns 389,203 shares of the technology company’s stock valued at $17,561,000 after acquiring an additional 84,279 shares during the last quarter. Pointe Capital Management LLC bought a new position in shares of Silicom during the first quarter worth $203,000. Finally, Acadian Asset Management LLC boosted its position in shares of Silicom by 20.5% during the first quarter. Acadian Asset Management LLC now owns 195,677 shares of the technology company’s stock worth $8,828,000 after purchasing an additional 33,288 shares in the last quarter. 50.77% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ SILC traded down $0.25 during midday trading on Wednesday, reaching $43.40. 2 shares of the stock were exchanged, compared to its average volume of 45,065. The business has a 50-day simple moving average of $43.27 and a two-hundred day simple moving average of $43.87. The company has a market capitalization of $299.42 million, a price-to-earnings ratio of 40.79 and a beta of 0.73. Silicom Ltd. has a 12 month low of $29.24 and a 12 month high of $59.27.

Silicom (NASDAQ:SILC) last announced its quarterly earnings results on Thursday, July 29th. The technology company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. Silicom had a net margin of 6.22% and a return on equity of 4.83%.

Separately, TheStreet cut shares of Silicom from a “b” rating to a “c+” rating in a research report on Monday.

Silicom Company Profile

Silicom Ltd. engages in the provision of networking and data infrastructure solutions. The firm operates through the following geographical segments: North America, Europe, and Asia Pacific. Its products include server adapters, smart cards, bypass switches and intelligent bypass switches. The company was founded by Avi Eizenman, Yehuda Zisapel, and Zohar Zisapel in 1987 and is headquartered in Kfar Saba, Israel.

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Institutional Ownership by Quarter for Silicom (NASDAQ:SILC)

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