Needham & Company LLC reissued their buy rating on shares of Silicom (NASDAQ:SILC – Free Report) in a research report report published on Friday morning, Benzinga reports. The firm currently has a $20.00 price objective on the technology company’s stock.
Other equities research analysts also recently issued research reports about the company. StockNews.com downgraded Silicom from a hold rating to a sell rating in a research report on Monday, February 5th. TheStreet lowered Silicom from a c- rating to a d rating in a research report on Friday, February 2nd.
View Our Latest Research Report on SILC
Silicom Trading Up 0.9 %
Silicom (NASDAQ:SILC – Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The technology company reported ($1.76) earnings per share for the quarter. Silicom had a negative return on equity of 5.69% and a negative net margin of 9.80%. The company had revenue of $18.76 million for the quarter.
Hedge Funds Weigh In On Silicom
Several large investors have recently bought and sold shares of the business. First Wilshire Securities Management Inc. increased its stake in Silicom by 10.5% in the third quarter. First Wilshire Securities Management Inc. now owns 665,894 shares of the technology company’s stock valued at $17,380,000 after purchasing an additional 63,070 shares during the last quarter. Kent Lake Capital LLC purchased a new position in shares of Silicom during the fourth quarter worth about $5,430,000. Yelin Lapidot Holdings Management Ltd. acquired a new stake in shares of Silicom during the third quarter worth about $5,769,000. ARK Investment Management LLC boosted its position in shares of Silicom by 39.3% in the 4th quarter. ARK Investment Management LLC now owns 79,319 shares of the technology company’s stock valued at $1,436,000 after purchasing an additional 22,371 shares during the period. Finally, Foundry Partners LLC grew its stake in Silicom by 35.8% during the 3rd quarter. Foundry Partners LLC now owns 62,650 shares of the technology company’s stock worth $1,635,000 after buying an additional 16,520 shares during the last quarter. Hedge funds and other institutional investors own 52.85% of the company’s stock.
Silicom Company Profile
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.
See Also
- Five stocks we like better than Silicom
- What Are Dividend Achievers? An Introduction
- MarketBeat Week in Review – 4/29 – 5/3
- Stock Dividend Cuts Happen Are You Ready?
- Apple’s Earnings Show Investors Its Strength and Its Weakness
- What is the Hang Seng index?
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
Receive News & Ratings for Silicom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silicom and related companies with MarketBeat.com's FREE daily email newsletter.