Silicom (SILC) Upgraded to “Hold” at ValuEngine

ValuEngine upgraded shares of Silicom (NASDAQ:SILC) from a sell rating to a hold rating in a report published on Monday morning.

Several other brokerages have also recently weighed in on SILC. BidaskClub cut shares of Silicom from a sell rating to a strong sell rating in a research note on Tuesday, March 13th. Needham & Company LLC decreased their price target on shares of Silicom from $90.00 to $50.00 and set a buy rating for the company in a research note on Wednesday, March 14th.

Shares of Silicom opened at $38.50 on Monday, according to Marketbeat.com. The company has a market cap of $290.36 million, a PE ratio of 16.72 and a beta of 1.35. Silicom has a twelve month low of $32.00 and a twelve month high of $77.95.

Silicom (NASDAQ:SILC) last issued its quarterly earnings results on Monday, April 30th. The technology company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.72). The business had revenue of $29.50 million for the quarter, compared to the consensus estimate of $29.90 million. Silicom had a return on equity of 13.28% and a net margin of 13.61%. The firm’s quarterly revenue was up 16.6% on a year-over-year basis.

Large investors have recently added to or reduced their stakes in the stock. Bogle Investment Management L P DE grew its stake in shares of Silicom by 172.9% in the fourth quarter. Bogle Investment Management L P DE now owns 18,444 shares of the technology company’s stock valued at $1,293,000 after buying an additional 11,686 shares in the last quarter. AWH Capital L.P. bought a new position in shares of Silicom in the fourth quarter valued at $12,814,000. Wells Fargo & Company MN grew its stake in shares of Silicom by 5.7% in the fourth quarter. Wells Fargo & Company MN now owns 40,668 shares of the technology company’s stock valued at $2,851,000 after buying an additional 2,183 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of Silicom by 175.7% in the fourth quarter. Lazard Asset Management LLC now owns 61,669 shares of the technology company’s stock valued at $4,323,000 after buying an additional 39,300 shares in the last quarter. Finally, Worth Venture Partners LLC grew its stake in shares of Silicom by 36.9% in the first quarter. Worth Venture Partners LLC now owns 23,810 shares of the technology company’s stock valued at $819,000 after buying an additional 6,424 shares in the last quarter. 30.14% of the stock is owned by institutional investors and hedge funds.

Silicom Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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