Silicom Ltd (NASDAQ:SILC) Short Interest Update

Key Points

• Silicom Ltd experienced a significant decline in short interest, dropping 90.3% from 3,100 shares to just 300 shares as of September 30th, with 0.0% of the shares currently short sold.
• Institutional ownership of Silicom stands at 52.85%, with notable recent activity including Bank of America Corp DE purchasing a stake worth $29,000.
• Analyst ratings for Silicom include a "sell (d-)" from Weiss Ratings and a "hold" rating from Wall Street Zen, with the overall average rating classified as "Reduce."

Silicom Ltd (NASDAQ:SILC - Get Free Report) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 300 shares, a drop of 90.3% from the September 15th total of 3,100 shares. Based on an average daily trading volume, of 18,600 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 18,600 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Silicom

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE purchased a new stake in Silicom during the 4th quarter valued at $29,000. Systematic Financial Management LP increased its position in Silicom by 0.4% during 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 last quarter. First Wilshire Securities Management Inc. raised its stake in shares of Silicom by 0.7% in the first quarter. First Wilshire Securities Management Inc. now owns 393,483 shares of the technology company's stock valued at $5,855,000 after acquiring an additional 2,783 shares during the period. Acuitas Investments LLC raised its stake in shares of Silicom by 8.9% in the first quarter. Acuitas Investments LLC now owns 113,720 shares of the technology company's stock valued at $1,692,000 after acquiring an additional 9,341 shares during the period. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Silicom in the 1st quarter worth about $151,000. 52.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SILC has been the topic of several recent analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Silicom in a research report on Tuesday. Wall Street Zen upgraded shares of Silicom to a "hold" rating in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Reduce".

Silicom Stock Performance

Shares of SILC traded down $0.51 during mid-day trading on Thursday, hitting $17.08. 13,658 shares of the stock were exchanged, compared to its average volume of 22,408. The company has a market cap of $96.84 million, a PE ratio of -7.49 and a beta of 0.95. Silicom has a 52-week low of $12.29 and a 52-week high of $19.36. The firm has a 50-day moving average of $16.97 and a two-hundred day moving average of $15.62.

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.

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