Silicom (NASDAQ:SILC) Given “Hold” Rating at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of Silicom (NASDAQ:SILC) in a research note published on Monday morning,Benzinga reports.

Silicom Stock Up 1.5 %

SILC stock opened at $17.00 on Monday. The business has a 50 day moving average price of $15.98 and a 200 day moving average price of $14.37. The stock has a market cap of $114.92 million, a price-to-earnings ratio of -8.50 and a beta of 0.98. Silicom has a fifty-two week low of $11.35 and a fifty-two week high of $18.24.

Silicom (NASDAQ:SILC) last posted its earnings results on Thursday, January 30th. The technology company reported ($0.76) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.44). Silicom had a negative return on equity of 8.83% and a negative net margin of 20.66%.

Institutional Investors Weigh In On Silicom

An institutional investor recently raised its position in Silicom stock. Acuitas Investments LLC boosted its position in shares of Silicom Ltd. (NASDAQ:SILC) by 44.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,379 shares of the technology company’s stock after buying an additional 31,990 shares during the period. Acuitas Investments LLC owned 1.54% of Silicom worth $1,702,000 as of its most recent SEC filing. 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.