Silicom (NASDAQ:SILC) Downgraded to C+ at TheStreet

Silicom (NASDAQ:SILC) was downgraded by investment analysts at TheStreet from a “b” rating to a “c+” rating in a report issued on Monday, TheStreetRatingsTable reports.

Shares of SILC stock opened at $43.65 on Monday. Silicom has a 1 year low of $29.24 and a 1 year high of $59.27. The stock has a market cap of $301.14 million, a P/E ratio of 40.79 and a beta of 0.73. The stock has a 50 day simple moving average of $43.27 and a 200 day simple moving average of $43.87.

Silicom (NASDAQ:SILC) last announced its quarterly earnings data on Thursday, July 29th. The technology company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.34 by $0.08. Silicom had a net margin of 6.22% and a return on equity of 4.83%.

Several large investors have recently made changes to their positions in the company. Morgan Stanley increased its holdings in Silicom by 34.3% in the second quarter. Morgan Stanley now owns 77,348 shares of the technology company’s stock valued at $3,408,000 after purchasing an additional 19,758 shares during the period. Worth Venture Partners LLC increased its holdings in Silicom by 26.2% in the second quarter. Worth Venture Partners LLC now owns 57,319 shares of the technology company’s stock valued at $2,525,000 after purchasing an additional 11,892 shares during the period. First Wilshire Securities Management Inc. increased its holdings in Silicom by 20.3% in the second quarter. First Wilshire Securities Management Inc. now owns 462,602 shares of the technology company’s stock valued at $20,382,000 after purchasing an additional 78,087 shares during the period. Millennium Management LLC increased its holdings in Silicom by 76.5% in the second quarter. Millennium Management LLC now owns 41,195 shares of the technology company’s stock valued at $1,815,000 after purchasing an additional 17,854 shares during the period. Finally, North Run Capital LP increased its holdings in Silicom by 142.9% in the second quarter. North Run Capital LP now owns 217,500 shares of the technology company’s stock valued at $9,583,000 after purchasing an additional 127,960 shares during the period. Institutional investors own 50.77% of the company’s stock.

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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