Silicom (NASDAQ:SILC) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Silicom (NASDAQ:SILC) from a hold rating to a sell rating in a research report sent to investors on Wednesday.

Separately, Needham & Company LLC downgraded Silicom from a buy rating to a hold rating in a research note on Tuesday, July 30th.

Silicom Stock Performance

Shares of Silicom stock opened at $11.94 on Wednesday. The business’s 50 day simple moving average is $15.38 and its 200 day simple moving average is $15.72. Silicom has a 52-week low of $11.75 and a 52-week high of $28.24. The firm has a market cap of $80.71 million, a PE ratio of -7.61 and a beta of 1.05.

Silicom (NASDAQ:SILC) last announced its earnings results on Monday, July 29th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.10. The business had revenue of $14.50 million for the quarter. Silicom had a negative return on equity of 9.92% and a negative net margin of 19.62%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SILC. Kent Lake Capital LLC bought a new position in Silicom in the fourth quarter valued at approximately $5,430,000. Quadrature Capital Ltd acquired a new position in shares of Silicom during the 1st quarter worth approximately $256,000. Finally, Isthmus Partners LLC increased its holdings in shares of Silicom by 16.9% during the 4th quarter. Isthmus Partners LLC now owns 61,052 shares of the technology company’s stock worth $1,105,000 after acquiring an additional 8,806 shares during the last quarter. 52.85% of the stock is currently owned by institutional investors.

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.