Silicom Ltd. (NASDAQ:SILC) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 27,900 shares, a decline of 33.1% from the July 31st total of 41,700 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average trading volume of 30,600 shares, the short-interest ratio is presently 0.9 days.

Shares of NASDAQ SILC traded up $0.12 during trading on Friday, hitting $32.30. 174 shares of the company were exchanged, compared to its average volume of 25,447. Silicom has a 12-month low of $28.59 and a 12-month high of $45.50. The company has a fifty day moving average price of $30.93 and a 200-day moving average price of $33.16. The firm has a market capitalization of $244.57 million, a PE ratio of 12.52 and a beta of 0.73.

Silicom (NASDAQ:SILC) last posted its quarterly earnings results on Thursday, July 25th. The technology company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.03). Silicom had a return on equity of 12.37% and a net margin of 14.79%. The company had revenue of $25.40 million for the quarter, compared to analysts’ expectations of $25.40 million. During the same quarter in the prior year, the firm earned $0.44 EPS. The firm’s revenue was down 8.0% on a year-over-year basis.

Separately, TheStreet lowered Silicom from a “b-” rating to a “c+” rating in a report on Friday, May 17th.

Institutional investors and hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. raised its holdings in Silicom by 285.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,031 shares of the technology company’s stock valued at $98,000 after buying an additional 2,245 shares during the period. Meitav Dash Investments Ltd. acquired a new stake in Silicom in the 1st quarter worth about $217,000. GHP Investment Advisors Inc. boosted its stake in Silicom by 36.8% in the 1st quarter. GHP Investment Advisors Inc. now owns 8,180 shares of the technology company’s stock worth $313,000 after buying an additional 2,200 shares during the last quarter. Pointe Capital Management LLC acquired a new stake in Silicom in the 2nd quarter worth about $294,000. Finally, ETF Managers Group LLC boosted its stake in Silicom by 23.1% in the 2nd quarter. ETF Managers Group LLC now owns 10,299 shares of the technology company’s stock worth $333,000 after buying an additional 1,930 shares during the last quarter. Hedge funds and other institutional investors own 45.77% of the company’s stock.

Silicom Company Profile

Silicom Ltd., together with its subsidiaries, designs, manufactures, markets, and supports networking and data infrastructure solutions for a range of servers, server based systems, and communications devices in North America, Europe, and the Asia Pacific. It offers server network interface cards with and without bypass for the server networking industry.

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