StockNews.com cut shares of Silicom (NASDAQ:SILC - Free Report) from a hold rating to a sell rating in a research note issued to investors on Wednesday.
Separately, Needham & Company LLC downgraded shares of Silicom from a buy rating to a hold rating in a research note on Tuesday, July 30th.
Read Our Latest Stock Analysis on Silicom
Silicom Stock Up 0.1 %
NASDAQ:SILC traded up $0.01 during midday trading on Wednesday, hitting $13.04. The company had a trading volume of 7,211 shares, compared to its average volume of 31,986. Silicom has a 52-week low of $11.35 and a 52-week high of $27.38. The stock's fifty day moving average price is $14.51 and its 200-day moving average price is $15.29.
Silicom (NASDAQ:SILC - Get Free Report) last posted its quarterly earnings results on Monday, July 29th. The technology company reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.10. The business had revenue of $14.50 million during the quarter. Silicom had a negative net margin of 19.62% and a negative return on equity of 9.92%.
Institutional Trading of Silicom
Several hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC raised its stake in shares of Silicom by 59.8% during the second quarter. Acadian Asset Management LLC now owns 15,370 shares of the technology company's stock valued at $228,000 after acquiring an additional 5,749 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Silicom during the first quarter valued at about $256,000. Isthmus Partners LLC raised its stake in shares of Silicom by 16.9% during the fourth quarter. Isthmus Partners LLC now owns 61,052 shares of the technology company's stock valued at $1,105,000 after acquiring an additional 8,806 shares during the last quarter. Finally, Kent Lake Capital LLC raised its stake in shares of Silicom by 5.0% during the first quarter. Kent Lake Capital LLC now owns 315,000 shares of the technology company's stock valued at $4,678,000 after acquiring an additional 15,000 shares during the last quarter. 52.85% of the stock is owned by institutional investors.
Silicom Company Profile
(
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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.
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