Northern Trust Corp Acquires New Holdings in Silicom Ltd. (NASDAQ:SILC)

Northern Trust Corp purchased a new position in shares of Silicom Ltd. (NASDAQ:SILC - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 64,390 shares of the technology company's stock, valued at approximately $1,050,000. Northern Trust Corp owned 0.95% of Silicom at the end of the most recent reporting period.

Separately, Arrowstreet Capital Limited Partnership acquired a new position in Silicom in the fourth quarter valued at approximately $266,000. Hedge funds and other institutional investors own 52.85% of the company's stock.

Silicom Stock Down 0.1%

Shares of Silicom stock traded down $0.01 during trading on Friday, reaching $14.75. 4,824 shares of the company were exchanged, compared to its average volume of 23,396. The business has a 50-day moving average price of $14.36 and a 200-day moving average price of $15.28. The firm has a market capitalization of $83.69 million, a price-to-earnings ratio of -7.38 and a beta of 0.93. Silicom Ltd. has a twelve month low of $11.35 and a twelve month high of $18.24.

Analysts Set New Price Targets

Separately, Needham & Company LLC reaffirmed a "hold" rating on shares of Silicom in a report on Tuesday, April 29th.

Silicom 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.