Silicom (SILC) Downgraded by BidaskClub
Silicom (NASDAQ:SILC) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Thursday.
Separately, Needham & Company LLC boosted their price objective on shares of Silicom from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th.
Silicom (NASDAQ SILC) traded down $0.27 during trading on Thursday, hitting $69.08. 29,359 shares of the company traded hands, compared to its average volume of 39,521. Silicom has a 1-year low of $34.86 and a 1-year high of $77.05. The stock has a market cap of $509.92, a price-to-earnings ratio of 33.02 and a beta of 1.38.
A number of large investors have recently added to or reduced their stakes in SILC. EAM Investors LLC purchased a new position in Silicom in the 2nd quarter valued at about $3,006,000. Rice Hall James & Associates LLC purchased a new position in Silicom in the 3rd quarter valued at about $3,122,000. Pier Capital LLC purchased a new position in Silicom in the 3rd quarter valued at about $2,806,000. Goldman Sachs Group Inc. lifted its holdings in Silicom by 718.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 42,544 shares of the technology company’s stock valued at $1,887,000 after purchasing an additional 37,349 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in Silicom in the 2nd quarter valued at about $1,036,000. Institutional investors own 25.29% 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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