Silicom (NASDAQ:SILC) had its target price dropped by analysts at Needham & Company LLC to $50.00 in a research note issued on Wednesday, The Fly reports. The brokerage presently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s target price suggests a potential upside of 22.97% from the company’s previous close.
Separately, BidaskClub downgraded Silicom from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th.
Shares of Silicom (SILC) opened at $40.66 on Wednesday. Silicom has a 12-month low of $37.81 and a 12-month high of $77.95. The firm has a market capitalization of $435.92, a PE ratio of 14.32 and a beta of 1.03.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bogle Investment Management L P DE raised its position in Silicom by 172.9% during the fourth quarter. Bogle Investment Management L P DE now owns 18,444 shares of the technology company’s stock valued at $1,293,000 after purchasing an additional 11,686 shares in the last quarter. Advisory Research Inc. grew its stake in shares of Silicom by 13.6% during the fourth quarter. Advisory Research Inc. now owns 23,188 shares of the technology company’s stock valued at $1,626,000 after buying an additional 2,772 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Silicom by 9.3% during the third quarter. Wells Fargo & Company MN now owns 38,485 shares of the technology company’s stock valued at $2,252,000 after buying an additional 3,280 shares during the last quarter. AWH Capital L.P. bought a new position in shares of Silicom during the fourth quarter valued at about $12,814,000. Finally, National Investment Services Inc. WI grew its stake in shares of Silicom by 71.0% during the fourth quarter. National Investment Services Inc. WI now owns 6,682 shares of the technology company’s stock valued at $468,000 after buying an additional 2,774 shares during the last quarter. Institutional investors and hedge funds own 35.35% 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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