Silicom (NASDAQ:SILC) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Silicom (NASDAQ:SILC) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.

Separately, Needham & Company LLC downgraded shares of Silicom from a buy rating to a hold rating in a research report on Tuesday, July 30th.

Silicom Trading Down 0.1 %

Shares of SILC stock traded down $0.01 on Tuesday, hitting $13.00. The stock had a trading volume of 8,841 shares, compared to its average volume of 31,908. Silicom has a twelve month low of $11.35 and a twelve month high of $27.38. The company has a fifty day moving average price of $14.76 and a two-hundred day moving average price of $15.41. The firm has a market cap of $87.83 million, a P/E ratio of -8.25 and a beta of 1.05.

Silicom (NASDAQ:SILC) last posted its earnings results on Monday, July 29th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.10. The firm had revenue of $14.50 million during the quarter. Silicom had a negative return on equity of 9.92% and a negative net margin of 19.62%.

Hedge Funds Weigh In On Silicom

Several hedge funds have recently modified their holdings of the stock. Isthmus Partners LLC grew its stake in shares of Silicom by 16.9% in the fourth quarter. Isthmus Partners LLC now owns 61,052 shares of the technology company’s stock valued at $1,105,000 after buying an additional 8,806 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of Silicom in the 1st quarter valued at about $256,000. Kent Lake Capital LLC lifted its stake in Silicom by 5.0% in the 1st quarter. Kent Lake Capital LLC now owns 315,000 shares of the technology company’s stock valued at $4,678,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in Silicom by 59.8% during the second quarter. Acadian Asset Management LLC now owns 15,370 shares of the technology company’s stock worth $228,000 after purchasing an additional 5,749 shares during the period. Institutional investors own 52.85% of the company’s stock.

About Silicom

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.