Systematic Financial Management LP Purchases 20,727 Shares of Silicom Ltd. (NASDAQ:SILC)

Systematic Financial Management LP increased its stake in Silicom Ltd. (NASDAQ:SILC - Free Report) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 510,357 shares of the technology company's stock after purchasing an additional 20,727 shares during the quarter. Systematic Financial Management LP owned 7.55% of Silicom worth $8,324,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SILC. Bank of America Corp DE bought a new position in shares of Silicom during the 4th quarter valued at $29,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Silicom during the 4th quarter valued at about $266,000. Northern Trust Corp purchased a new stake in shares of Silicom during the 4th quarter valued at about $1,050,000. Finally, Acuitas Investments LLC lifted its stake in shares of Silicom by 44.2% in the 4th quarter. Acuitas Investments LLC now owns 104,379 shares of the technology company's stock worth $1,702,000 after purchasing an additional 31,990 shares during the period. Hedge funds and other institutional investors own 52.85% of the company's stock.

Silicom Trading Down 2.0%

Silicom stock traded down $0.29 during trading on Thursday, reaching $14.17. The company had a trading volume of 6,510 shares, compared to its average volume of 23,506. The firm has a market capitalization of $80.40 million, a price-to-earnings ratio of -7.09 and a beta of 0.93. The firm's 50-day simple moving average is $14.38 and its 200 day simple moving average is $15.25. Silicom Ltd. has a 52 week low of $11.35 and a 52 week high of $18.24.

Analysts Set New Price Targets

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

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.