Yelin Lapidot Holdings Management Ltd. Sells 29,508 Shares of Silicom Ltd $SILC

Yelin Lapidot Holdings Management Ltd. reduced its stake in shares of Silicom Ltd (NASDAQ:SILC) by 12.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 206,659 shares of the technology company’s stock after selling 29,508 shares during the quarter. Yelin Lapidot Holdings Management Ltd.’s holdings in Silicom were worth $3,196,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE acquired a new stake in shares of Silicom during the fourth quarter worth about $29,000. Goldman Sachs Group Inc. acquired a new position in shares of Silicom during the 1st quarter worth about $151,000. Worth Venture Partners LLC grew its stake in Silicom by 15.9% in the first quarter. Worth Venture Partners LLC now owns 92,139 shares of the technology company’s stock valued at $1,371,000 after purchasing an additional 12,662 shares in the last quarter. First Wilshire Securities Management Inc. grew its stake in shares of Silicom by 0.7% in the first quarter. First Wilshire Securities Management Inc. now owns 393,483 shares of the technology company’s stock valued at $5,855,000 after buying an additional 2,783 shares in the last quarter. Finally, Systematic Financial Management LP increased its stake in shares of Silicom by 0.4% during the 1st quarter. Systematic Financial Management LP now owns 512,229 shares of the technology company’s stock worth $7,622,000 after purchasing an additional 1,872 shares during the last quarter. Institutional investors and hedge funds own 52.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Silicom in a research note on Tuesday, October 14th. Wall Street Zen raised shares of Silicom to a “hold” rating in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Silicom Stock Down 2.6%

Shares of Silicom stock opened at $15.29 on Friday. The stock has a market capitalization of $86.74 million, a price-to-earnings ratio of -6.66 and a beta of 1.01. Silicom Ltd has a twelve month low of $12.29 and a twelve month high of $19.36. The company has a 50-day simple moving average of $17.26 and a two-hundred day simple moving average of $15.98.

Silicom 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.