BidaskClub upgraded shares of Silicom (NASDAQ:SILC) from a strong sell rating to a sell rating in a research report released on Tuesday, September 25th.
Separately, ValuEngine cut Silicom from a hold rating to a sell rating in a research report on Tuesday, September 4th.
Silicom stock opened at $40.13 on Tuesday. The company has a market cap of $306.21 million, a price-to-earnings ratio of 19.59 and a beta of 1.20. Silicom has a fifty-two week low of $32.00 and a fifty-two week high of $77.95.
Silicom (NASDAQ:SILC) last posted its quarterly earnings data on Thursday, July 26th. The technology company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.06). Silicom had a net margin of 12.52% and a return on equity of 11.52%. The firm had revenue of $27.60 million for the quarter, compared to the consensus estimate of $27.24 million. During the same period in the previous year, the firm posted $0.69 earnings per share. The business’s revenue was down 8.8% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently made changes to their positions in SILC. Wells Fargo & Company MN raised its holdings in Silicom by 14.4% in the 1st quarter. Wells Fargo & Company MN now owns 46,535 shares of the technology company’s stock worth $1,601,000 after acquiring an additional 5,867 shares during the last quarter. Quantbot Technologies LP purchased a new position in Silicom in the 1st quarter worth approximately $164,000. Worth Venture Partners LLC raised its holdings in Silicom by 36.9% in the 1st quarter. Worth Venture Partners LLC now owns 23,810 shares of the technology company’s stock worth $819,000 after acquiring an additional 6,424 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in Silicom during the 1st quarter valued at $330,000. Finally, Citadel Advisors LLC purchased a new stake in Silicom during the 1st quarter valued at $1,318,000. Institutional investors own 31.87% of the company’s stock.
Silicom Ltd., together with its subsidiaries, designs, manufactures, markets, and supports networking and data infrastructure solutions for a range of servers, server based systems, and communications devices in North America, Europe, and the Asia Pacific. It offers server network interface cards with and without bypass for the server networking industry.
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