Silicom (NASDAQ:SILC) Stock Rating Upgraded by Wall Street Zen

Key Points

• Silicom (NASDAQ:SILC) received a rating upgrade to "hold" from Wall Street Zen, while Weiss Ratings maintained a "sell" rating.
• Shares of Silicom recently traded at $17.42, with a 1-year low of $12.29 and a high of $19.36, reflecting moderate fluctuation in stock value.
• Hedge funds and institutional investors own approximately 52.85% of Silicom, with notable investments from Bank of America and Goldman Sachs.

Silicom (NASDAQ:SILC - Get Free Report) was upgraded by equities research analysts at Wall Street Zen to a "hold" rating in a note issued to investors on Friday.

Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Silicom in a research report on Saturday, September 27th. 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, Silicom currently has an average rating of "Reduce".

Silicom Stock Performance

Shares of NASDAQ SILC traded up $0.18 during mid-day trading on Friday, hitting $17.42. The stock had a trading volume of 84,395 shares, compared to its average volume of 18,254. Silicom has a 1 year low of $12.29 and a 1 year high of $19.36. The business has a 50 day moving average price of $16.79 and a two-hundred day moving average price of $15.46. The firm has a market cap of $98.84 million, a P/E ratio of -7.64 and a beta of 0.95.

Hedge Funds Weigh In On Silicom

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE purchased a new position in shares of Silicom during the 4th quarter worth approximately $29,000. Goldman Sachs Group Inc. purchased a new stake in Silicom in the first quarter worth $151,000. Worth Venture Partners LLC grew its stake in Silicom by 15.9% in the first quarter. Worth Venture Partners LLC now owns 92,139 shares of the technology company's stock worth $1,371,000 after purchasing an additional 12,662 shares during the period. Acuitas Investments LLC grew its stake in Silicom by 8.9% in 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 period. Finally, First Wilshire Securities Management Inc. grew its stake in Silicom by 0.7% in 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. Hedge funds and other institutional investors own 52.85% of the company's stock.

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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