Silicom (NASDAQ:SILC) Given “Hold” Rating at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of Silicom (NASDAQ:SILC) in a research report released on Tuesday morning,Benzinga reports.

Silicom Price Performance

Shares of Silicom stock opened at $14.37 on Tuesday. The business has a 50-day simple moving average of $14.57 and a 200 day simple moving average of $15.08. Silicom has a one year low of $11.35 and a one year high of $18.24. The firm has a market capitalization of $97.14 million, a price-to-earnings ratio of -7.19 and a beta of 0.98.

Silicom (NASDAQ:SILC) last released its quarterly earnings data on Monday, April 28th. The technology company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.12). Silicom had a negative net margin of 20.66% and a negative return on equity of 8.83%. The firm had revenue of $14.39 million for the quarter, compared to the consensus estimate of $14.37 million.

Hedge Funds Weigh In On Silicom

A number of hedge funds have recently added to or reduced their stakes in the stock. Acuitas Investments LLC lifted its holdings in shares of Silicom by 8.9% in the first quarter. Acuitas Investments LLC now owns 113,720 shares of the technology company’s stock valued at $1,692,000 after purchasing an additional 9,341 shares in the last quarter. Systematic Financial Management LP lifted its stake in Silicom by 4.2% during the 4th quarter. Systematic Financial Management LP now owns 510,357 shares of the technology company’s stock valued at $8,324,000 after acquiring an additional 20,727 shares in the last quarter. Bank of America Corp DE bought a new position in Silicom during the 4th quarter valued at $29,000. Northern Trust Corp purchased a new position in Silicom during the 4th quarter worth $1,050,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Silicom in the 4th quarter worth $266,000. Institutional investors and hedge funds own 52.85% of the company’s stock.

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.