JPMorgan Chase & Co. Has $372,000 Stock Holdings in Silicom Ltd. (NASDAQ:SILC)

JPMorgan Chase & Co. raised its holdings in Silicom Ltd. (NASDAQ:SILC) by 25.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,764 shares of the technology company’s stock after purchasing an additional 2,802 shares during the period. JPMorgan Chase & Co. owned approximately 0.19% of Silicom worth $372,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. UBS Group AG purchased a new position in Silicom during the first quarter valued at approximately $37,000. Fifth Third Bancorp bought a new stake in shares of Silicom during the 1st quarter worth about $54,000. New York State Common Retirement Fund boosted its holdings in shares of Silicom by 22.3% during the 1st quarter. New York State Common Retirement Fund now owns 4,146 shares of the technology company’s stock worth $112,000 after buying an additional 756 shares during the period. PNC Financial Services Group Inc. bought a new stake in shares of Silicom during the 1st quarter worth about $116,000. Finally, Pointe Capital Management LLC boosted its holdings in shares of Silicom by 19.6% during the 1st quarter. Pointe Capital Management LLC now owns 10,763 shares of the technology company’s stock worth $291,000 after buying an additional 1,763 shares during the period. Institutional investors and hedge funds own 47.67% of the company’s stock.

Shares of NASDAQ SILC opened at $35.90 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.07 and a current ratio of 6.40. Silicom Ltd. has a 52-week low of $20.93 and a 52-week high of $37.60. The firm has a 50 day moving average price of $34.01 and a two-hundred day moving average price of $32.14. The stock has a market cap of $253.30 million, a P/E ratio of 33.24 and a beta of 1.01.

Silicom (NASDAQ:SILC) last announced its quarterly earnings results on Thursday, April 30th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.12. Silicom had a net margin of 8.33% and a return on equity of 4.97%. The firm had revenue of $22.07 million during the quarter.

SILC has been the subject of several research analyst reports. Needham & Company LLC lifted their target price on shares of Silicom from $35.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. BidaskClub raised shares of Silicom from a “hold” rating to a “buy” rating in a report on Tuesday, May 12th.

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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Institutional Ownership by Quarter for Silicom (NASDAQ:SILC)

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