StockNews.com Upgrades Silicom (NASDAQ:SILC) to “Hold”

Silicom (NASDAQ:SILC) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Separately, Needham & Company LLC cut Silicom from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th.

Silicom Stock Performance

Silicom stock opened at $13.00 on Friday. Silicom has a 1 year low of $11.35 and a 1 year high of $27.38. The company’s 50-day moving average is $14.10 and its two-hundred day moving average is $15.13. The company has a market cap of $87.88 million, a PE ratio of -8.28 and a beta of 1.05.

Silicom (NASDAQ:SILC) last announced its quarterly earnings data on Monday, July 29th. The technology company reported ($0.25) EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $14.50 million during the quarter.

Institutional Trading of Silicom

A number of institutional investors have recently made changes to their positions in SILC. Acadian Asset Management LLC increased its stake in 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 buying an additional 5,749 shares during the last quarter. Isthmus Partners LLC raised its holdings in 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 acquiring an additional 8,806 shares in the last quarter. Kent Lake Capital LLC boosted its position in 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 purchasing an additional 15,000 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in Silicom in the first quarter valued at approximately $256,000. 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.