Silicom (NASDAQ:SILC) Stock Rating Upgraded by TheStreet

Silicom (NASDAQ:SILCGet Rating) was upgraded by TheStreet from a “c+” rating to a “b-” rating in a research note issued on Thursday, TheStreetRatingsTable reports.

Separately, StockNews.com upgraded shares of Silicom from a “hold” rating to a “buy” rating in a research note on Wednesday.

Silicom Stock Performance

Shares of Silicom stock opened at $41.49 on Thursday. The firm has a market cap of $275.91 million, a PE ratio of 22.43 and a beta of 0.88. The firm’s 50-day simple moving average is $35.86 and its 200-day simple moving average is $38.04. Silicom has a 1 year low of $31.30 and a 1 year high of $52.75.

Silicom (NASDAQ:SILCGet Rating) last issued its earnings results on Thursday, July 28th. The technology company reported $0.67 earnings per share (EPS) for the quarter. The business had revenue of $34.15 million for the quarter. Silicom had a net margin of 9.31% and a return on equity of 7.88%.

Institutional Investors Weigh In On Silicom

Several institutional investors and hedge funds have recently bought and sold shares of SILC. Herald Investment Management Ltd grew its position in Silicom by 25.0% in the 2nd quarter. Herald Investment Management Ltd now owns 125,000 shares of the technology company’s stock worth $4,206,000 after purchasing an additional 25,000 shares during the last quarter. Lewis Capital Management LLC grew its position in Silicom by 10.0% in the 2nd quarter. Lewis Capital Management LLC now owns 46,380 shares of the technology company’s stock worth $1,561,000 after purchasing an additional 4,200 shares during the last quarter. Brinker Capital Investments LLC grew its position in Silicom by 15.7% in the 2nd quarter. Brinker Capital Investments LLC now owns 7,318 shares of the technology company’s stock worth $246,000 after purchasing an additional 993 shares during the last quarter. ARS Investment Partners LLC grew its position in Silicom by 81.8% in the 2nd quarter. ARS Investment Partners LLC now owns 16,145 shares of the technology company’s stock worth $543,000 after purchasing an additional 7,262 shares during the last quarter. Finally, Carolinas Wealth Consulting LLC grew its position in Silicom by 14.3% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 8,000 shares of the technology company’s stock worth $315,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 60.76% of the company’s stock.

About Silicom

(Get Rating)

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 the United States, North America, Israel, Europe, and the Asia Pacific. 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.

Further Reading

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