Silicom Ltd. (NASDAQ:SILC) Short Interest Update

Silicom Ltd. (NASDAQ:SILC) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 36,000 shares, a decrease of 22.1% from the August 15th total of 46,200 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 25,500 shares, the short-interest ratio is presently 1.4 days.

Institutional Investors Weigh In On Silicom

Several large investors have recently bought and sold shares of the company. Quadrature Capital Ltd acquired a new stake in shares of Silicom in the first quarter worth approximately $256,000. Isthmus Partners LLC boosted its stake in Silicom by 16.9% during the 4th quarter. Isthmus Partners LLC now owns 61,052 shares of the technology company’s stock worth $1,105,000 after purchasing an additional 8,806 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Silicom by 59.8% during the 2nd quarter. Acadian Asset Management LLC now owns 15,370 shares of the technology company’s stock worth $228,000 after purchasing an additional 5,749 shares during the last quarter. Finally, Kent Lake Capital LLC grew its holdings in shares of Silicom by 5.0% during 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. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

Silicom Price Performance

Shares of NASDAQ:SILC opened at $13.16 on Monday. The business’s 50 day moving average price is $13.72 and its 200-day moving average price is $14.98. Silicom has a 1 year low of $11.35 and a 1 year high of $26.99. The firm has a market capitalization of $88.96 million, a price-to-earnings ratio of -8.39 and a beta of 1.04.

Silicom (NASDAQ:SILC) last posted its quarterly earnings data on Monday, July 29th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.10. Silicom had a negative net margin of 19.62% and a negative return on equity of 9.92%. The business had revenue of $14.50 million for the quarter.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SILC shares. Needham & Company LLC cut shares of Silicom from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. StockNews.com upgraded Silicom from a “sell” rating to a “hold” rating in a research report on Saturday, August 31st.

Silicom Company Profile

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.