Needham & Company LLC Reaffirms Hold Rating for Silicom (NASDAQ:SILC)

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

Silicom Trading Up 1.2 %

Shares of SILC traded up $0.17 during midday trading on Tuesday, reaching $14.72. The stock had a trading volume of 102,803 shares, compared to its average volume of 24,439. The company has a market capitalization of $83.86 million, a price-to-earnings ratio of -7.36 and a beta of 0.93. Silicom has a 12-month low of $11.35 and a 12-month high of $18.24. The company's 50-day moving average is $14.44 and its 200 day moving average is $15.10.

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

Institutional Trading of Silicom

Several hedge funds have recently added to or reduced their stakes in SILC. Arrowstreet Capital Limited Partnership bought a new position in shares of Silicom in the fourth quarter worth approximately $266,000. Acuitas Investments LLC grew its holdings in 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 acquiring an additional 31,990 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of Silicom in the fourth quarter valued at about $29,000. Northern Trust Corp bought a new position in shares of Silicom during the fourth quarter valued at about $1,050,000. Finally, Systematic Financial Management LP boosted its holdings in shares of Silicom by 4.2% during the fourth quarter. Systematic Financial Management LP now owns 510,357 shares of the technology company's stock worth $8,324,000 after purchasing an additional 20,727 shares during the period. 52.85% of the stock is owned by institutional investors.

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.