First Wilshire Securities Management Inc. lessened its stake in shares of Silicom Ltd (NASDAQ:SILC) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,011 shares of the technology company’s stock after selling 1,220 shares during the quarter. First Wilshire Securities Management Inc. owned about 0.83% of Silicom worth $4,348,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Silicom in the fourth quarter worth approximately $13,229,000. AWH Capital L.P. purchased a new position in shares of Silicom in the fourth quarter worth approximately $12,814,000. Hood River Capital Management LLC purchased a new position in shares of Silicom in the fourth quarter worth approximately $7,485,000. Pier Capital LLC purchased a new position in shares of Silicom in the third quarter worth approximately $2,806,000. Finally, Taylor Frigon Capital Management LLC purchased a new position in shares of Silicom in the fourth quarter worth approximately $2,792,000. 34.78% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently issued reports on SILC. BidaskClub downgraded shares of Silicom from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Needham & Company LLC dropped their price objective on shares of Silicom from $90.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, March 14th.
NASDAQ SILC opened at $34.52 on Friday. Silicom Ltd has a 12 month low of $32.00 and a 12 month high of $77.95. The company has a market cap of $266.35, a price-to-earnings ratio of 12.42 and a beta of 1.37.
Silicom (NASDAQ:SILC) last released its earnings results on Monday, January 29th. The technology company reported $1.34 EPS for the quarter. Silicom had a net margin of 17.28% and a return on equity of 16.78%. The company had revenue of $37.78 million for the quarter.
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Silicom Company Profile
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 networking interface cards with and without bypass for the server networking industry.
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