Silicom (NASDAQ:SILC) Receives “Hold” Rating from Needham & Company LLC

Silicom (NASDAQ:SILC)‘s stock had its “hold” rating reaffirmed by analysts at Needham & Company LLC in a report issued on Tuesday,Benzinga reports.

Silicom Price Performance

Shares of NASDAQ:SILC opened at $14.17 on Tuesday. The business’s 50-day moving average is $14.52 and its 200 day moving average is $15.08. Silicom has a 1 year low of $11.35 and a 1 year high of $18.24. The firm has a market capitalization of $95.79 million, a P/E ratio of -7.09 and a beta of 0.98.

Silicom (NASDAQ:SILC) last posted its quarterly earnings data on Thursday, January 30th. The technology company reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.44). Silicom had a negative net margin of 20.66% and a negative return on equity of 8.83%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership acquired a new position in shares of Silicom in the 4th quarter valued at $266,000. Acuitas Investments LLC increased its holdings in shares of Silicom by 44.2% in the fourth quarter. Acuitas Investments LLC now owns 104,379 shares of the technology company’s stock valued at $1,702,000 after purchasing an additional 31,990 shares during the period. Bank of America Corp DE purchased a new position in shares of Silicom in the fourth quarter worth about $29,000. Northern Trust Corp acquired a new stake in shares of Silicom during the fourth quarter worth about $1,050,000. Finally, Systematic Financial Management LP lifted its holdings in shares of Silicom by 4.2% during the fourth quarter. Systematic Financial Management LP now owns 510,357 shares of the technology company’s stock worth $8,324,000 after purchasing an additional 20,727 shares during the period. Hedge funds and other institutional investors own 52.85% of the company’s stock.

About Silicom

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.