Silicom (SILC) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of Silicom (NASDAQ:SILC) from a sell rating to a hold rating in a research report report published on Wednesday.

Separately, ValuEngine downgraded Silicom from a hold rating to a sell rating in a research report on Tuesday, September 4th.

Shares of NASDAQ SILC opened at $37.71 on Wednesday. The company has a market cap of $284.16 million, a PE ratio of 19.20 and a beta of 0.86. Silicom has a 1-year low of $32.00 and a 1-year high of $77.95.

Silicom (NASDAQ:SILC) last announced its earnings results on Thursday, October 25th. The technology company reported $0.49 earnings per share for the quarter. The company had revenue of $31.10 million for the quarter. Silicom had a return on equity of 10.56% and a net margin of 11.96%.

A number of large investors have recently modified their holdings of the stock. Rice Hall James & Associates LLC grew its position in Silicom by 3.2% during the third quarter. Rice Hall James & Associates LLC now owns 44,546 shares of the technology company’s stock worth $1,807,000 after buying an additional 1,364 shares in the last quarter. ARS Investment Partners LLC grew its position in Silicom by 6.1% during the third quarter. ARS Investment Partners LLC now owns 47,130 shares of the technology company’s stock worth $1,912,000 after buying an additional 2,730 shares in the last quarter. Cadence Capital Management LLC grew its position in Silicom by 12.1% during the second quarter. Cadence Capital Management LLC now owns 29,981 shares of the technology company’s stock worth $1,153,000 after buying an additional 3,248 shares in the last quarter. First Wilshire Securities Management Inc. grew its position in Silicom by 6.4% during the third quarter. First Wilshire Securities Management Inc. now owns 71,578 shares of the technology company’s stock worth $2,903,000 after buying an additional 4,291 shares in the last quarter. Finally, GHP Investment Advisors Inc. acquired a new stake in Silicom during the third quarter worth approximately $210,000. 34.92% of the stock is currently owned by institutional investors and hedge funds.

About Silicom

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.

Read More: Rule of 72

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.


Leave a Reply