Silicom (NASDAQ:SILC – Get Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.
Separately, Needham & Company LLC boosted their price target on Silicom from $57.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, December 15th.
Shares of NASDAQ:SILC traded up $0.75 during trading on Monday, reaching $39.85. 19,499 shares of the stock were exchanged, compared to its average volume of 20,192. Silicom has a 12 month low of $35.79 and a 12 month high of $52.75. The company has a market cap of $274.93 million, a price-to-earnings ratio of 26.22 and a beta of 0.75. The company’s 50-day moving average is $41.62.
Silicom (NASDAQ:SILC – Get Rating) last issued its quarterly earnings data on Thursday, January 27th. The technology company reported $0.48 earnings per share (EPS) for the quarter. The company had revenue of $36.30 million during the quarter. Silicom had a return on equity of 6.69% and a net margin of 8.21%.
Several hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC raised its position in Silicom by 2.5% during the third quarter. Citadel Advisors LLC now owns 11,412 shares of the technology company’s stock valued at $494,000 after purchasing an additional 281 shares in the last quarter. Cardinal Capital Management raised its position in Silicom by 3.3% during the fourth quarter. Cardinal Capital Management now owns 12,700 shares of the technology company’s stock valued at $655,000 after purchasing an additional 402 shares in the last quarter. Taylor Frigon Capital Management LLC raised its position in Silicom by 0.7% during the third quarter. Taylor Frigon Capital Management LLC now owns 68,577 shares of the technology company’s stock valued at $2,966,000 after purchasing an additional 455 shares in the last quarter. First Republic Investment Management Inc. raised its position in Silicom by 3.1% during the third quarter. First Republic Investment Management Inc. now owns 20,784 shares of the technology company’s stock valued at $899,000 after purchasing an additional 617 shares in the last quarter. Finally, Isthmus Partners LLC raised its position in Silicom by 1.8% during the fourth quarter. Isthmus Partners LLC now owns 37,231 shares of the technology company’s stock valued at $1,921,000 after purchasing an additional 667 shares in the last quarter. Institutional investors and hedge funds own 58.64% 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.