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

Silicom (NASDAQ:SILC - Get Free Report)'s stock had its "hold" rating reiterated by Needham & Company LLC in a report issued on Tuesday,Benzinga reports.

Silicom Price Performance

Shares of Silicom stock traded up $0.17 on Tuesday, hitting $14.72. 102,803 shares of the company's stock traded hands, compared to its average volume of 24,449. The firm's 50-day moving average price is $14.44 and its two-hundred day moving average price is $15.09. The stock has a market capitalization of $99.51 million, a PE ratio of -7.36 and a beta of 0.98. Silicom has a one year low of $11.35 and a one year high of $18.24.

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

Institutional Investors Weigh In On Silicom

Large investors have recently bought and sold shares of the company. Northern Trust Corp acquired a new stake in shares of Silicom during the fourth quarter worth about $1,050,000. Acuitas Investments LLC increased its stake in Silicom by 44.2% during 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 in the last quarter. Systematic Financial Management LP raised its holdings in Silicom by 4.2% during the 4th quarter. Systematic Financial Management LP now owns 510,357 shares of the technology company's stock worth $8,324,000 after buying an additional 20,727 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in Silicom in the fourth quarter valued at approximately $266,000. Finally, Bank of America Corp DE acquired a new position in shares of Silicom in the fourth quarter valued at approximately $29,000. Institutional investors own 52.85% of the company's stock.

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.