Silicom’s (SILC) “Buy” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Silicom (NASDAQ:SILC) in a research report report published on Friday morning, Benzinga reports. The brokerage currently has a $20.00 target price on the technology company’s stock.

A number of other research analysts have also weighed in on the company. StockNews.com lowered Silicom from a hold rating to a sell rating in a research report on Monday, February 5th. TheStreet cut shares of Silicom from a c- rating to a d rating in a research note on Friday, February 2nd.

Silicom Trading Up 0.9 %

SILC traded up $0.15 during trading on Friday, reaching $16.33. The stock had a trading volume of 26,767 shares, compared to its average volume of 25,259. The company has a market capitalization of $110.39 million, a price-to-earnings ratio of -10.40 and a beta of 1.03. The stock’s 50 day moving average is $15.31 and its two-hundred day moving average is $16.44. Silicom has a one year low of $13.75 and a one year high of $40.70.

Silicom (NASDAQ:SILC) last issued its quarterly earnings results on Thursday, February 1st. The technology company reported ($1.76) earnings per share (EPS) for the quarter. The business had revenue of $18.76 million for the quarter. Silicom had a negative net margin of 9.80% and a negative return on equity of 5.69%.

Institutional Trading of Silicom

Institutional investors and hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC increased its holdings in Silicom by 9.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 8,450 shares of the technology company’s stock worth $221,000 after buying an additional 700 shares in the last quarter. Isthmus Partners LLC raised its holdings in shares of Silicom by 16.9% during the fourth 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 last quarter. Worth Venture Partners LLC bought a new position in Silicom during the third quarter valued at approximately $1,432,000. ARK Investment Management LLC boosted its holdings in Silicom by 39.3% in the fourth quarter. ARK Investment Management LLC now owns 79,319 shares of the technology company’s stock worth $1,436,000 after purchasing an additional 22,371 shares during the last quarter. Finally, Foundry Partners LLC grew its position in Silicom by 35.8% in the 3rd quarter. Foundry Partners LLC now owns 62,650 shares of the technology company’s stock worth $1,635,000 after purchasing an additional 16,520 shares during the period. Institutional investors own 52.85% of the company’s stock.

About Silicom

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.