Silicom (NASDAQ:SILC) Downgraded to C+ at TheStreet

TheStreet downgraded shares of Silicom (NASDAQ:SILC) from a b rating to a c+ rating in a research note issued to investors on Monday, TheStreetRatingsTable reports.

SILC opened at $43.65 on Monday. Silicom has a fifty-two week low of $29.24 and a fifty-two week high of $59.27. The firm has a market capitalization of $301.14 million, a PE ratio of 40.79 and a beta of 0.73. The company’s 50-day moving average is $43.27 and its 200 day moving average is $43.87.

Silicom (NASDAQ:SILC) last posted its earnings results on Thursday, July 29th. The technology company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.08. Silicom had a net margin of 6.22% and a return on equity of 4.83%.

Large investors have recently bought and sold shares of the business. Citigroup Inc. purchased a new stake in Silicom in the 2nd quarter valued at about $57,000. Lazard Asset Management LLC purchased a new stake in Silicom in the 2nd quarter valued at about $101,000. PDT Partners LLC purchased a new stake in Silicom in the 1st quarter valued at about $203,000. Pointe Capital Management LLC purchased a new stake in Silicom in the 1st quarter valued at about $203,000. Finally, The PNC Financial Services Group Inc. increased its stake in shares of Silicom by 20.9% during the 1st quarter. The PNC Financial Services Group Inc. now owns 5,200 shares of the technology company’s stock worth $234,000 after purchasing an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 50.77% of the company’s stock.

Silicom Company Profile

Silicom Ltd. engages in the provision of networking and data infrastructure solutions. The firm operates through the following geographical segments: North America, Europe, and Asia Pacific. Its products include server adapters, smart cards, bypass switches and intelligent bypass switches. The company was founded by Avi Eizenman, Yehuda Zisapel, and Zohar Zisapel in 1987 and is headquartered in Kfar Saba, Israel.

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