Silicom (NASDAQ:SILC) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, BidAskClub reports.

A number of other equities analysts have also recently commented on the company. TheStreet upgraded Silicom from a “c” rating to a “b-” rating in a report on Tuesday, October 29th. Needham & Company LLC restated a “hold” rating on shares of Silicom in a report on Tuesday.

Shares of Silicom stock opened at $31.86 on Friday. The business has a 50-day moving average of $32.09 and a 200 day moving average of $31.37. Silicom has a 12 month low of $28.59 and a 12 month high of $41.10. The stock has a market capitalization of $250.96 million, a price-to-earnings ratio of 14.23 and a beta of 0.69. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.70 and a quick ratio of 3.80.

Silicom (NASDAQ:SILC) last announced its earnings results on Thursday, October 31st. The technology company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.07. Silicom had a return on equity of 10.91% and a net margin of 14.12%. The company had revenue of $24.10 million during the quarter, compared to analysts’ expectations of $23.62 million. During the same period last year, the business posted $0.62 EPS. Silicom’s revenue for the quarter was down 22.5% on a year-over-year basis.

Institutional investors have recently made changes to their positions in the stock. State of Tennessee Treasury Department purchased a new position in Silicom during the 3rd quarter valued at about $83,000. Russell Investments Group Ltd. raised its position 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 purchasing an additional 2,245 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in Silicom in the 3rd quarter valued at about $204,000. Pointe Capital Management LLC acquired a new stake in Silicom in the 2nd quarter valued at about $294,000. Finally, ETF Managers Group LLC raised its position in Silicom by 23.1% in the 2nd quarter. ETF Managers Group LLC now owns 10,299 shares of the technology company’s stock valued at $333,000 after purchasing an additional 1,930 shares in the last quarter. Institutional investors own 44.96% of the company’s stock.

About Silicom

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.

Read More: Federal Reserve

Receive News & Ratings for Silicom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silicom and related companies with MarketBeat.com's FREE daily email newsletter.