Silicom’s (SILC) Hold Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of Silicom (NASDAQ:SILC) in a research report released on Tuesday morning,Benzinga reports.

Silicom Stock Performance

SILC opened at $14.37 on Tuesday. The stock has a fifty day moving average of $14.57 and a 200-day moving average of $15.08. The company has a market capitalization of $97.14 million, a P/E ratio of -7.19 and a beta of 0.98. Silicom has a fifty-two week low of $11.35 and a fifty-two week high of $18.24.

Silicom (NASDAQ:SILC) last announced its earnings results on Monday, April 28th. The technology company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.12). The business had revenue of $14.39 million for the quarter, compared to the consensus estimate of $14.37 million. Silicom had a negative return on equity of 8.83% and a negative net margin of 20.66%.

Hedge Funds Weigh In On Silicom

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE acquired a new stake in shares of Silicom during the 4th quarter valued at $29,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Silicom in the fourth quarter worth $266,000. Northern Trust Corp acquired a new stake in Silicom in the fourth quarter valued at $1,050,000. Acuitas Investments LLC raised its position in Silicom by 8.9% during the 1st quarter. Acuitas Investments LLC now owns 113,720 shares of the technology company’s stock worth $1,692,000 after purchasing an additional 9,341 shares during the last quarter. Finally, Systematic Financial Management LP lifted its holdings in Silicom by 4.2% during the 4th quarter. Systematic Financial Management LP now owns 510,357 shares of the technology company’s stock worth $8,324,000 after buying an additional 20,727 shares during the period. 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.