ARK Investment Management LLC Acquires 22,371 Shares of Silicom Ltd. (NASDAQ:SILC)

ARK Investment Management LLC boosted its holdings in shares of Silicom Ltd. (NASDAQ:SILC) by 39.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 79,319 shares of the technology company’s stock after purchasing an additional 22,371 shares during the quarter. ARK Investment Management LLC’s holdings in Silicom were worth $1,436,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Walleye Capital LLC bought a new stake in Silicom during the 3rd quarter valued at approximately $330,000. Worth Venture Partners LLC bought a new stake in Silicom in the 3rd quarter worth approximately $1,432,000. First Wilshire Securities Management Inc. increased its stake in Silicom by 10.5% in the 3rd quarter. First Wilshire Securities Management Inc. now owns 665,894 shares of the technology company’s stock worth $17,380,000 after acquiring an additional 63,070 shares during the last quarter. Foundry Partners LLC increased its stake in Silicom by 35.8% in the 3rd quarter. Foundry Partners LLC now owns 62,650 shares of the technology company’s stock worth $1,635,000 after acquiring an additional 16,520 shares during the last quarter. Finally, Yelin Lapidot Holdings Management Ltd. bought a new stake in Silicom in the 3rd quarter worth approximately $5,769,000. Institutional investors own 52.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SILC shares. TheStreet downgraded Silicom from a “c-” rating to a “d” rating in a research note on Friday, February 2nd. StockNews.com downgraded Silicom from a “hold” rating to a “sell” rating in a research note on Monday, February 5th.

Silicom Trading Down 0.1 %

Shares of Silicom stock opened at $15.49 on Thursday. The stock has a 50 day moving average price of $15.86 and a 200-day moving average price of $18.23. Silicom Ltd. has a one year low of $13.75 and a one year high of $40.70.

Silicom (NASDAQ:SILC) last announced its earnings results on Thursday, February 1st. The technology company reported ($1.76) EPS for the quarter. The company had revenue of $18.76 million during the quarter. Silicom had a negative return on equity of 1.62% and a negative net margin of 2.38%.

Silicom Company Profile

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.