Silicom (NASDAQ:SILC) Receives Sell (D-) Rating from Weiss Ratings

Key Points

• Silicom's stock has been given a "sell (D-)" rating by Weiss Ratings, confirming a negative outlook for the company as of October 3rd.
• Despite the downgrade, Wall Street Zen has raised Silicom's rating to "hold", leading to an average rating of "Reduce" among analysts.
• The stock is currently trading at $17.30, having experienced a slight increase of 0.4%, with a market cap of $98.09 million.

Silicom (NASDAQ:SILC - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by equities researchers at Weiss Ratings in a research report issued to clients and investors on Tuesday,Weiss Ratings reports.

Separately, Wall Street Zen raised shares of Silicom to a "hold" rating in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce".

Silicom Stock Up 0.4%

NASDAQ:SILC traded up $0.07 on Tuesday, hitting $17.30. The stock had a trading volume of 5,501 shares, compared to its average volume of 19,111. The business's 50-day simple moving average is $16.93 and its two-hundred day simple moving average is $15.58. Silicom has a 52-week low of $12.29 and a 52-week high of $19.36. The stock has a market cap of $98.09 million, a price-to-earnings ratio of -7.55 and a beta of 0.95.

Institutional Trading of Silicom

Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE acquired a new position in shares of Silicom in the fourth quarter valued at approximately $29,000. Goldman Sachs Group Inc. purchased a new stake in shares of Silicom in the 1st quarter worth about $151,000. Worth Venture Partners LLC increased its position in Silicom by 15.9% during the first quarter. Worth Venture Partners LLC now owns 92,139 shares of the technology company's stock worth $1,371,000 after buying an additional 12,662 shares in the last quarter. Acuitas Investments LLC boosted its holdings in shares of Silicom by 8.9% during the first quarter. Acuitas Investments LLC now owns 113,720 shares of the technology company's stock worth $1,692,000 after purchasing an additional 9,341 shares during the last quarter. Finally, First Wilshire Securities Management Inc. increased its position in 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 last quarter. 52.85% of the stock is owned by hedge funds and other institutional investors.

About Silicom

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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