Silicom (NASDAQ:SILC) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Silicom (NASDAQ:SILC) from a hold rating to a sell rating in a research report released on Wednesday morning.

Separately, Needham & Company LLC cut Silicom from a buy rating to a hold rating in a research note on Tuesday, July 30th.

Silicom Price Performance

NASDAQ:SILC opened at $11.94 on Wednesday. Silicom has a fifty-two week low of $11.75 and a fifty-two week high of $28.24. The stock’s 50-day moving average is $15.38 and its two-hundred day moving average is $15.72. The stock has a market cap of $80.71 million, a PE ratio of -7.61 and a beta of 1.05.

Silicom (NASDAQ:SILC) last released its earnings results on Monday, July 29th. The technology company reported ($0.25) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.10. Silicom had a negative return on equity of 9.92% and a negative net margin of 19.62%. The company had revenue of $14.50 million for the quarter.

Institutional Investors Weigh In On Silicom

Several large investors have recently made changes to their positions in SILC. Isthmus Partners LLC grew its stake in shares of Silicom by 16.9% in the 4th quarter. Isthmus Partners LLC now owns 61,052 shares of the technology company’s stock valued at $1,105,000 after buying an additional 8,806 shares in the last quarter. Kent Lake Capital LLC bought a new stake in shares of Silicom in the 4th quarter valued at approximately $5,430,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Silicom in the 1st quarter valued at approximately $256,000. 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.