Intrepid Capital Management Inc. Acquires Shares of 108,996 Silicom Ltd. (NASDAQ:SILC)

Intrepid Capital Management Inc. acquired a new stake in shares of Silicom Ltd. (NASDAQ:SILC) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 108,996 shares of the technology company’s stock, valued at approximately $3,540,000. Silicom accounts for about 1.6% of Intrepid Capital Management Inc.’s portfolio, making the stock its 28th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ibex Investors LLC raised its position in shares of Silicom by 28.8% during the 2nd quarter. Ibex Investors LLC now owns 513,369 shares of the technology company’s stock valued at $16,674,000 after buying an additional 114,701 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Silicom by 36.8% during the 2nd quarter. Janus Henderson Group PLC now owns 386,378 shares of the technology company’s stock valued at $12,631,000 after buying an additional 103,954 shares in the last quarter. Pekin Hardy Strauss Inc. raised its position in Silicom by 21.3% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 313,949 shares of the technology company’s stock worth $10,263,000 after purchasing an additional 55,054 shares during the period. Acadian Asset Management LLC purchased a new stake in Silicom in the 1st quarter worth about $2,076,000. Finally, Foundry Partners LLC raised its position in Silicom by 14.0% in the 2nd quarter. Foundry Partners LLC now owns 134,253 shares of the technology company’s stock worth $4,361,000 after purchasing an additional 16,525 shares during the period. 45.77% of the stock is owned by institutional investors and hedge funds.

Separately, TheStreet lowered shares of Silicom from a “b-” rating to a “c+” rating in a research report on Friday, May 17th.

Silicom stock opened at $32.18 on Friday. Silicom Ltd. has a 1-year low of $28.59 and a 1-year high of $45.50. The firm has a market capitalization of $244.57 million, a P/E ratio of 12.52 and a beta of 0.73. The company’s 50-day moving average is $30.93 and its 200 day moving average is $33.16.

Silicom (NASDAQ:SILC) last posted its quarterly earnings data on Thursday, July 25th. The technology company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.03). Silicom had a return on equity of 12.37% and a net margin of 14.79%. The firm had revenue of $25.40 million during the quarter, compared to analysts’ expectations of $25.40 million. During the same period last year, the company earned $0.44 earnings per share. The business’s revenue for the quarter was down 8.0% compared to the same quarter last year.

About Silicom

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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