BidaskClub cut shares of Silicom (NASDAQ:SILC) from a hold rating to a sell rating in a report published on Thursday, January 11th.
Separately, Needham & Company LLC upped their price objective on shares of Silicom from $67.00 to $75.00 and gave the stock a buy rating in a report on Thursday, October 26th.
Silicom (NASDAQ SILC) traded down $0.75 during trading on Thursday, hitting $65.39. 75,759 shares of the stock traded hands, compared to its average volume of 58,442. The company has a market capitalization of $477.21, a price-to-earnings ratio of 30.99 and a beta of 1.03. Silicom has a fifty-two week low of $35.02 and a fifty-two week high of $77.95.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its holdings in Silicom by 3.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 16,834 shares of the technology company’s stock worth $747,000 after buying an additional 600 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Silicom by 2.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 59,675 shares of the technology company’s stock valued at $2,647,000 after purchasing an additional 1,289 shares during the period. Cadence Capital Management LLC increased its holdings in shares of Silicom by 5.1% in the 3rd quarter. Cadence Capital Management LLC now owns 43,004 shares of the technology company’s stock valued at $2,516,000 after purchasing an additional 2,084 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Silicom by 7.2% in the 2nd quarter. Wells Fargo & Company MN now owns 35,205 shares of the technology company’s stock valued at $1,562,000 after purchasing an additional 2,351 shares during the period. Finally, ETF Managers Group LLC acquired a new position in shares of Silicom in the 2nd quarter valued at about $120,000. Hedge funds and other institutional investors own 25.19% of the company’s stock.
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Silicom Company Profile
Silicom Ltd. (Silicom) is engaged in the design, manufacture, marketing and support of networking and data infrastructure solutions for a range of servers, server-based systems and communications devices. The Company’s products include server network interface cards with and without bypass (Server Adapters); Intelligent and programmable cards, with features, such as encryption, acceleration, data compression, redirection, time stamping, network capture solutions, field programmable gate array (FPGA) based ultra-low latency solutions, and/or other offload features and/or compute blades (Smart Cards), and standalone Products.
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