Silicom (NASDAQ:SILC) Lowered to Hold at Needham & Company LLC

Needham & Company LLC cut shares of Silicom (NASDAQ:SILC) from a buy rating to a hold rating in a report issued on Tuesday morning, Marketbeat Ratings reports.

Separately, StockNews.com raised Silicom from a sell rating to a hold rating in a report on Thursday, June 6th.

Silicom Price Performance

Shares of NASDAQ:SILC opened at $11.94 on Tuesday. The company has a market cap of $80.67 million, a P/E ratio of -8.06 and a beta of 1.05. Silicom has a 1 year low of $11.75 and a 1 year high of $28.24. The stock’s fifty day moving average price is $15.46 and its 200-day moving average price is $15.77.

Silicom (NASDAQ:SILC) last announced its quarterly 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 firm 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 institutional investors have recently bought and sold shares of the company. Quadrature Capital Ltd purchased a new stake in Silicom in the first quarter worth about $256,000. Isthmus Partners LLC increased its position in Silicom by 16.9% in the fourth quarter. Isthmus Partners LLC now owns 61,052 shares of the technology company’s stock worth $1,105,000 after buying an additional 8,806 shares in the last quarter. Finally, Kent Lake Capital LLC increased its position in Silicom by 5.0% in the first quarter. Kent Lake Capital LLC now owns 315,000 shares of the technology company’s stock worth $4,678,000 after buying an additional 15,000 shares in the last quarter. 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.