Silicom Ltd. (NASDAQ:SILC) Short Interest Down 22.1% in August

Silicom Ltd. (NASDAQ:SILC) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 36,000 shares, a decline of 22.1% from the August 15th total of 46,200 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 25,500 shares, the short-interest ratio is presently 1.4 days.

Analysts Set New Price Targets

A number of research firms recently issued reports on SILC. StockNews.com upgraded Silicom from a “sell” rating to a “hold” rating in a report on Saturday, August 31st. Needham & Company LLC cut shares of Silicom from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th.

Hedge Funds Weigh In On Silicom

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd bought a new stake in Silicom during the first quarter worth $256,000. Kent Lake Capital LLC increased its stake in shares of Silicom by 5.0% during the 1st quarter. Kent Lake Capital LLC now owns 315,000 shares of the technology company’s stock worth $4,678,000 after purchasing an additional 15,000 shares during the last quarter. Isthmus Partners LLC raised its holdings in shares of Silicom by 16.9% in the 4th quarter. Isthmus Partners LLC now owns 61,052 shares of the technology company’s stock valued at $1,105,000 after purchasing an additional 8,806 shares during the period. Finally, Acadian Asset Management LLC lifted its stake in Silicom by 59.8% in the 2nd 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. 52.85% of the stock is owned by institutional investors.

Silicom Price Performance

NASDAQ:SILC traded down $0.19 on Tuesday, hitting $12.97. 11,886 shares of the company’s stock were exchanged, compared to its average volume of 30,308. The company has a market cap of $87.63 million, a P/E ratio of -8.26 and a beta of 1.04. The firm has a 50-day moving average price of $13.67 and a 200-day moving average price of $14.96. Silicom has a 52 week low of $11.35 and a 52 week high of $26.10.

Silicom (NASDAQ:SILC) last issued its quarterly earnings results on Monday, July 29th. The technology company reported ($0.25) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.10. The firm had revenue of $14.50 million during the quarter. Silicom had a negative return on equity of 9.92% and a negative net margin of 19.62%.

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.