Silicom’s (SILC) Hold Rating Reaffirmed at Needham & Company LLC

Silicom (NASDAQ:SILC)‘s stock had its “hold” rating restated by equities researchers at Needham & Company LLC in a note issued to investors on Monday,Benzinga reports.

Silicom Trading Up 2.9 %

NASDAQ SILC opened at $17.56 on Monday. The firm’s fifty day moving average price is $15.83 and its two-hundred day moving average price is $14.33. Silicom has a 1 year low of $11.35 and a 1 year high of $18.24. The firm has a market capitalization of $118.71 million, a P/E ratio of -8.78 and a beta of 0.98.

Silicom (NASDAQ:SILC) last posted its quarterly earnings results on Thursday, January 30th. The technology company reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.44). Silicom had a negative return on equity of 8.83% and a negative net margin of 20.66%.

Hedge Funds Weigh In On Silicom

A hedge fund recently raised its stake in Silicom stock. GSA Capital Partners LLP grew its stake in Silicom Ltd. (NASDAQ:SILC) by 89.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,482 shares of the technology company’s stock after purchasing an additional 12,990 shares during the quarter. GSA Capital Partners LLP owned approximately 0.41% of Silicom worth $377,000 as of its most recent SEC filing. Hedge funds and other 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.