Silicom (NASDAQ:SILC) Downgraded by StockNews.com

Silicom (NASDAQ:SILC) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

Separately, Needham & Company LLC cut shares of Silicom from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th.

Silicom Trading Up 0.2 %

Shares of NASDAQ SILC opened at $13.03 on Wednesday. The firm has a market cap of $88.03 million, a P/E ratio of -8.30 and a beta of 1.05. The business’s 50 day moving average is $14.51 and its 200-day moving average is $15.29. Silicom has a 1-year low of $11.35 and a 1-year high of $27.38.

Silicom (NASDAQ:SILC) last posted its 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. Silicom had a negative return on equity of 9.92% and a negative net margin of 19.62%. The company had revenue of $14.50 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC increased its stake in shares of Silicom by 59.8% in the 2nd quarter. Acadian Asset Management LLC now owns 15,370 shares of the technology company’s stock valued at $228,000 after purchasing an additional 5,749 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Silicom in the first quarter valued at about $256,000. Isthmus Partners LLC grew its position in 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 acquiring an additional 8,806 shares during the last quarter. Finally, Kent Lake Capital LLC grew its position in Silicom by 5.0% in the first quarter. Kent Lake Capital LLC now owns 315,000 shares of the technology company’s stock valued at $4,678,000 after acquiring an additional 15,000 shares during the last quarter. Institutional investors and hedge funds own 52.85% of the company’s stock.

About Silicom

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.