Silicom Ltd (NASDAQ:SILC - Get Free Report) was the recipient of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 2,400 shares, a drop of 44.2% from the May 15th total of 4,300 shares. Based on an average daily trading volume, of 19,300 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company's shares are sold short.
Analysts Set New Price Targets
Separately, Needham & Company LLC reaffirmed a "hold" rating on shares of Silicom in a research note on Tuesday, April 29th.
View Our Latest Analysis on Silicom
Silicom Price Performance
SILC traded up $0.71 during mid-day trading on Wednesday, hitting $15.69. The stock had a trading volume of 4,027 shares, compared to its average volume of 22,931. The stock's fifty day simple moving average is $14.52 and its 200-day simple moving average is $15.34. The firm has a market capitalization of $88.96 million, a price-to-earnings ratio of -8.09 and a beta of 0.94. Silicom has a 1-year low of $11.35 and a 1-year high of $18.24.
Institutional Trading of Silicom
Large investors have recently made changes to their positions in the company. Systematic Financial Management LP grew its stake in Silicom by 0.4% in the first quarter. Systematic Financial Management LP now owns 512,229 shares of the technology company's stock valued at $7,622,000 after acquiring an additional 1,872 shares during the period. First Wilshire Securities Management Inc. raised its position in shares of Silicom by 0.7% during the first quarter. First Wilshire Securities Management Inc. now owns 393,483 shares of the technology company's stock worth $5,855,000 after purchasing an additional 2,783 shares during the period. Acuitas Investments LLC lifted its holdings in shares of Silicom by 8.9% during the 1st quarter. Acuitas Investments LLC now owns 113,720 shares of the technology company's stock valued at $1,692,000 after purchasing an additional 9,341 shares in the last quarter. Worth Venture Partners LLC grew its position in shares of Silicom by 15.9% in the 1st quarter. Worth Venture Partners LLC now owns 92,139 shares of the technology company's stock valued at $1,371,000 after purchasing an additional 12,662 shares during the period. Finally, Northern Trust Corp bought a new stake in Silicom during the 4th quarter worth approximately $1,050,000. Institutional investors own 52.85% of the company's stock.
Silicom Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Silicom, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Silicom wasn't on the list.
While Silicom currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.