Silicom (NASDAQ:SILC) Lowered to Hold at Needham & Company LLC

Needham & Company LLC cut shares of Silicom (NASDAQ:SILC) from a buy rating to a hold rating in a report published on Tuesday, MarketBeat reports.

Separately, StockNews.com upgraded Silicom from a sell rating to a hold rating in a research note on Thursday, June 6th.

Silicom Trading Down 6.4 %

NASDAQ SILC opened at $11.94 on Tuesday. The stock has a market capitalization of $80.67 million, a price-to-earnings ratio of -8.06 and a beta of 1.05. Silicom has a twelve month low of $11.75 and a twelve month high of $28.24. The stock has a 50-day moving average of $15.46 and a 200 day moving average of $15.77.

Silicom (NASDAQ:SILC) last released its quarterly earnings results on Monday, July 29th. The technology company reported ($0.25) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.10. The company had revenue of $14.50 million during the quarter. Silicom had a negative return on equity of 9.92% and a negative net margin of 19.62%.

Institutional Investors Weigh In On Silicom

Several large investors have recently bought and sold shares of SILC. Kent Lake Capital LLC purchased a new stake in Silicom during the 4th quarter worth approximately $5,430,000. Quadrature Capital Ltd acquired a new stake in shares of Silicom in the first quarter valued at approximately $256,000. Finally, Isthmus Partners LLC increased its holdings in shares of Silicom by 16.9% in the fourth quarter. Isthmus Partners LLC now owns 61,052 shares of the technology company’s stock valued at $1,105,000 after purchasing an additional 8,806 shares during the last quarter. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

Silicom Company Profile

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.