BidaskClub upgraded shares of Silicom (NASDAQ:SILC) from a strong sell rating to a sell rating in a research report report published on Friday, BidAskClub reports.

Shares of SILC opened at $38.61 on Friday. Silicom has a 12 month low of $30.58 and a 12 month high of $45.50. The firm has a market cap of $291.49 million, a P/E ratio of 20.21 and a beta of 1.01.

Silicom (NASDAQ:SILC) last announced its earnings results on Thursday, January 31st. The technology company reported $1.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.67. Silicom had a net margin of 10.94% and a return on equity of 9.95%. The business had revenue of $45.52 million during the quarter.

A number of institutional investors and hedge funds have recently made changes to their positions in SILC. Tygh Capital Management Inc. bought a new stake in Silicom during the fourth quarter worth $3,419,000. Pekin Singer Strauss Asset Management IL raised its position in Silicom by 23.9% during the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 215,867 shares of the technology company’s stock worth $7,542,000 after acquiring an additional 41,696 shares in the last quarter. Ibex Investors LLC raised its position in Silicom by 10.5% during the fourth quarter. Ibex Investors LLC now owns 386,000 shares of the technology company’s stock worth $13,487,000 after acquiring an additional 36,600 shares in the last quarter. Marshall Wace LLP bought a new stake in Silicom during the third quarter worth $969,000. Finally, Millennium Management LLC bought a new stake in Silicom during the fourth quarter worth $538,000. Institutional investors and hedge funds own 45.60% 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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