StockNews.com lowered shares of Silicom (NASDAQ:SILC – Free Report) 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.
Get Our Latest Stock Analysis on Silicom
Silicom Stock Performance
Silicom (NASDAQ:SILC – Get Free Report) 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.
Further Reading
- Five stocks we like better than Silicom
- How to Capture the Benefits of Dividend Increases
- Market Crash? No Problem for DoorDash Stock’s Impressive Earnings
- Insider Buying Explained: What Investors Need to Know
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- What is a Death Cross in Stocks?
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
Receive News & Ratings for Silicom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silicom and related companies with MarketBeat.com's FREE daily email newsletter.