Silicom (NASDAQ:SILC) Now Covered by Needham & Company LLC

Stock analysts at Needham & Company LLC assumed coverage on shares of Silicom (NASDAQ:SILC) in a research note issued on Monday, StockNewsAPI reports. The firm set a “hold” rating on the technology company’s stock.

Separately, StockNews.com upgraded shares of Silicom from a “sell” rating to a “hold” rating in a report on Saturday, August 31st.

Silicom Stock Up 8.7 %

SILC opened at $14.63 on Monday. The stock has a market cap of $98.81 million, a PE ratio of -4.88 and a beta of 1.04. The business has a 50 day moving average of $13.38 and a 200-day moving average of $14.52. Silicom has a 52 week low of $11.35 and a 52 week high of $19.04.

Institutional Trading of Silicom

Large investors have recently made changes to their positions in the stock. Acadian Asset Management LLC raised its holdings in shares of Silicom by 59.8% during the second 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. GSA Capital Partners LLP grew its position in Silicom by 89.6% in the 3rd quarter. GSA Capital Partners LLP now owns 27,482 shares of the technology company’s stock worth $377,000 after purchasing an additional 12,990 shares during the period. Kent Lake Capital LLC raised its stake in Silicom by 5.0% during the 1st quarter. Kent Lake Capital LLC now owns 315,000 shares of the technology company’s stock valued at $4,678,000 after buying an additional 15,000 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Silicom in the 1st quarter worth $256,000. 52.85% of the stock is currently owned by 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.