Silicom (NASDAQ:SILC) Upgraded by to “Hold” upgraded shares of Silicom (NASDAQ:SILCFree Report) from a sell rating to a hold rating in a report published on Thursday.

Separately, Needham & Company LLC reissued a buy rating and issued a $20.00 price objective on shares of Silicom in a research note on Friday, May 3rd.

View Our Latest Research Report on Silicom

Silicom Trading Down 0.1 %

Shares of SILC opened at $16.05 on Thursday. Silicom has a one year low of $13.75 and a one year high of $40.70. The company has a 50-day moving average of $15.89 and a two-hundred day moving average of $16.33.

Silicom (NASDAQ:SILCGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The technology company reported ($0.55) EPS for the quarter. Silicom had a negative return on equity of 5.97% and a negative net margin of 9.80%. The firm had revenue of $14.37 million during the quarter.

Hedge Funds Weigh In On Silicom

Several institutional investors and hedge funds have recently modified their holdings of the stock. Quadrature Capital Ltd acquired a new stake in Silicom during the first quarter valued at $256,000. Isthmus Partners LLC grew its stake in shares of Silicom by 16.9% in the 4th quarter. Isthmus Partners LLC now owns 61,052 shares of the technology company’s stock valued at $1,105,000 after buying an additional 8,806 shares in the last quarter. Worth Venture Partners LLC acquired a new position in Silicom in the third quarter worth approximately $1,432,000. ARK Investment Management LLC raised its position in Silicom by 39.3% during the fourth quarter. ARK Investment Management LLC now owns 79,319 shares of the technology company’s stock valued at $1,436,000 after acquiring an additional 22,371 shares in the last quarter. Finally, Foundry Partners LLC lifted its stake in Silicom by 35.8% in the third quarter. Foundry Partners LLC now owns 62,650 shares of the technology company’s stock valued at $1,635,000 after acquiring an additional 16,520 shares during the last quarter. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

Silicom Company Profile

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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.

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