Analyst IMS Investment Management Services Ltd. maintained its position in Silicom Ltd (NASDAQ:SILC) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,137 shares of the technology company’s stock at the end of the first quarter. Analyst IMS Investment Management Services Ltd. owned approximately 0.25% of Silicom worth $901,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of SILC. Worth Venture Partners LLC purchased a new position in Silicom during the first quarter valued at $1,768,000. Eagle Global Advisors LLC boosted its position in shares of Silicom by 2.1% in the first quarter. Eagle Global Advisors LLC now owns 9,917 shares of the technology company’s stock worth $493,000 after buying an additional 200 shares during the period. TFS Capital LLC bought a new position in shares of Silicom during the first quarter worth approximately $221,000. Bank of New York Mellon Corp boosted its position in shares of Silicom by 10.3% in the first quarter. Bank of New York Mellon Corp now owns 16,234 shares of the technology company’s stock worth $807,000 after buying an additional 1,517 shares during the period. Finally, ARS Investment Partners LLC bought a new position in shares of Silicom during the fourth quarter worth approximately $3,416,000. 25.42% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Silicom Ltd (NASDAQ SILC) traded up 0.58% during midday trading on Friday, hitting $46.72. The company had a trading volume of 65,647 shares. Silicom Ltd has a 12 month low of $26.75 and a 12 month high of $55.66. The company has a 50-day moving average of $51.15 and a 200-day moving average of $43.43. The company has a market capitalization of $344.84 million, a PE ratio of 25.19 and a beta of 1.12.
Silicom (NASDAQ:SILC) last issued its quarterly earnings data on Thursday, April 27th. The technology company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by $0.13. Silicom had a return on equity of 12.29% and a net margin of 13.25%. The firm had revenue of $25.34 million during the quarter, compared to analyst estimates of $23.92 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The business’s quarterly revenue was up 18.7% compared to the same quarter last year. Analysts predict that Silicom Ltd will post $2.54 earnings per share for the current year.
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Separately, Needham & Company LLC raised their price target on Silicom from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Thursday, March 23rd.
Silicom Ltd. (Silicom) is engaged in the design, manufacture, marketing and support of networking and data infrastructure solutions for a range of servers, server-based systems and communications devices. The Company’s products include server network interface cards with and without bypass (Server Adapters); Intelligent and programmable cards, with features, such as encryption, acceleration, data compression, redirection, time stamping, network capture solutions, field programmable gate array (FPGA) based ultra-low latency solutions, and/or other offload features and/or compute blades (Smart Cards), and standalone Products.
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