Systematic Financial Management LP lowered its holdings in shares of Silicom Ltd. (NASDAQ:SILC - Free Report) by 17.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 489,630 shares of the technology company's stock after selling 104,382 shares during the quarter. Systematic Financial Management LP owned approximately 7.24% of Silicom worth $6,708,000 as of its most recent filing with the Securities & Exchange Commission.
Separately, GSA Capital Partners LLP increased its holdings in Silicom by 89.6% in the 3rd quarter. GSA Capital Partners LLP now owns 27,482 shares of the technology company's stock worth $377,000 after acquiring an additional 12,990 shares in the last quarter. Hedge funds and other institutional investors own 52.85% of the company's stock.
Silicom Stock Down 2.3 %
SILC stock traded down $0.32 during midday trading on Friday, hitting $13.67. The company's stock had a trading volume of 13,731 shares, compared to its average volume of 27,709. Silicom Ltd. has a 12 month low of $11.35 and a 12 month high of $19.04. The firm has a market capitalization of $92.44 million, a price-to-earnings ratio of -4.56 and a beta of 1.03. The company has a 50 day moving average of $13.79 and a two-hundred day moving average of $14.18.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. Needham & Company LLC assumed coverage on shares of Silicom in a report on Monday, November 4th. They issued a "hold" rating for the company. StockNews.com raised shares of Silicom from a "sell" rating to a "hold" rating in a report on Saturday, August 31st.
Get Our Latest Research Report on Silicom
About Silicom
(
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.
Featured Articles
Before you consider Silicom, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Silicom wasn't on the list.
While Silicom currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
