Silicom (NASDAQ:SILC - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.
Separately, Needham & Company LLC downgraded Silicom from a "buy" rating to a "hold" rating in a report on Tuesday, July 30th.
Read Our Latest Report on Silicom
Silicom Price Performance
Shares of NASDAQ SILC remained flat at $13.00 during trading hours on Friday. The company had a trading volume of 11,131 shares, compared to its average volume of 37,642. The stock has a market cap of $87.88 million, a PE ratio of -8.28 and a beta of 1.05. The firm has a fifty day moving average of $14.10 and a 200-day moving average of $15.13. Silicom has a fifty-two week low of $11.35 and a fifty-two week high of $27.38.
Silicom (NASDAQ:SILC - Get Free Report) last posted its quarterly earnings data on Monday, July 29th. The technology company reported ($0.25) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.10. Silicom had a negative return on equity of 9.92% and a negative net margin of 19.62%. The company had revenue of $14.50 million during the quarter.
Institutional Investors Weigh In On Silicom
Several institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC increased its stake in shares of Silicom by 59.8% in the 2nd 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 acquired a new stake in Silicom in the first quarter worth $256,000. Isthmus Partners LLC boosted its position 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 worth $1,105,000 after purchasing an additional 8,806 shares in the last quarter. Finally, Kent Lake Capital LLC grew its holdings in shares of 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 buying an additional 15,000 shares during the period. Institutional investors and hedge funds own 52.85% of the company's stock.
About Silicom
(
Get Free Report)
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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