StockNews.com Downgrades Silicom (NASDAQ:SILC) to Hold

Silicom (NASDAQ:SILCGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

SILC stock opened at $36.77 on Thursday. Silicom has a 12-month low of $35.79 and a 12-month high of $52.75. The stock has a 50-day moving average price of $39.18 and a two-hundred day moving average price of $43.00. The company has a market cap of $253.68 million, a PE ratio of 24.19 and a beta of 0.77.

Silicom (NASDAQ:SILCGet Rating) last issued its earnings results on Thursday, January 27th. The technology company reported $0.48 earnings per share for the quarter. Silicom had a return on equity of 6.69% and a net margin of 8.21%. The company had revenue of $36.30 million during the quarter.

Several hedge funds and other institutional investors have recently modified their holdings of SILC. Lewis Capital Management LLC acquired a new position in shares of Silicom in the fourth quarter worth about $2,074,000. Herald Investment Management Ltd lifted its stake in shares of Silicom by 80.0% in the third quarter. Herald Investment Management Ltd now owns 90,000 shares of the technology company’s stock worth $3,870,000 after acquiring an additional 40,000 shares in the last quarter. Fore Capital LLC acquired a new position in shares of Silicom in the third quarter worth about $1,100,000. Morgan Stanley lifted its stake in shares of Silicom by 34.3% in the second quarter. Morgan Stanley now owns 77,348 shares of the technology company’s stock worth $3,408,000 after acquiring an additional 19,758 shares in the last quarter. Finally, Intrepid Capital Management Inc. lifted its stake in shares of Silicom by 38.4% in the fourth quarter. Intrepid Capital Management Inc. now owns 55,827 shares of the technology company’s stock worth $2,881,000 after acquiring an additional 15,479 shares in the last quarter. 58.64% of the stock is owned by institutional investors.

About Silicom (Get Rating)

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; 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 FPGA based cards.

Read More

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.