GHP Investment Advisors Inc. Buys Shares of 4,320 Silicom Ltd (SILC)
GHP Investment Advisors Inc. bought a new position in Silicom Ltd (NASDAQ:SILC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,320 shares of the technology company’s stock, valued at approximately $253,000. GHP Investment Advisors Inc. owned approximately 0.06% of Silicom as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of SILC. Bank of New York Mellon Corp grew its position in Silicom by 10.3% in the first quarter. Bank of New York Mellon Corp now owns 16,234 shares of the technology company’s stock worth $807,000 after acquiring an additional 1,517 shares in the last quarter. American International Group Inc. grew its position in Silicom by 7.2% in the first quarter. American International Group Inc. now owns 3,461 shares of the technology company’s stock worth $172,000 after acquiring an additional 232 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in Silicom by 6.7% in the first quarter. TIAA CREF Investment Management LLC now owns 26,871 shares of the technology company’s stock worth $1,335,000 after acquiring an additional 1,688 shares in the last quarter. Morgan Stanley grew its position in Silicom by 32.9% in the first quarter. Morgan Stanley now owns 63,061 shares of the technology company’s stock worth $3,132,000 after acquiring an additional 15,623 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Silicom by 54.6% in the first quarter. Renaissance Technologies LLC now owns 41,247 shares of the technology company’s stock worth $2,049,000 after acquiring an additional 14,562 shares in the last quarter. 22.13% of the stock is owned by institutional investors.
Silicom Ltd (NASDAQ:SILC) traded down $0.13 during mid-day trading on Friday, reaching $69.87. 231 shares of the company’s stock traded hands, compared to its average volume of 49,194. Silicom Ltd has a 12 month low of $34.86 and a 12 month high of $73.68. The company has a market capitalization of $523.14, a P/E ratio of 33.75 and a beta of 1.40.
Silicom (NASDAQ:SILC) last issued its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.04. Silicom had a net margin of 13.68% and a return on equity of 12.77%. The business had revenue of $32.30 million during the quarter, compared to analysts’ expectations of $31.11 million. During the same period in the previous year, the company earned $0.53 earnings per share. Silicom’s revenue for the quarter was up 30.8% on a year-over-year basis.
Several research firms have commented on SILC. Needham & Company LLC boosted their target price 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. BidaskClub downgraded shares of Silicom from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th.
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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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