Wellington Management Group LLP Cuts Stock Holdings in Silicom Ltd. (NASDAQ:SILC)

Wellington Management Group LLP reduced its stake in Silicom Ltd. (NASDAQ:SILC) by 16.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 507,178 shares of the technology company’s stock after selling 96,732 shares during the quarter. Wellington Management Group LLP owned about 7.50% of Silicom worth $9,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Isthmus Partners LLC grew its position in Silicom by 16.9% in the fourth quarter. Isthmus Partners LLC now owns 61,052 shares of the technology company’s stock worth $1,105,000 after acquiring an additional 8,806 shares in the last quarter. ARK Investment Management LLC raised its holdings in shares of Silicom by 39.3% during the 4th quarter. ARK Investment Management LLC now owns 79,319 shares of the technology company’s stock valued at $1,436,000 after buying an additional 22,371 shares in the last quarter. Worth Venture Partners LLC bought a new stake in Silicom in the 3rd quarter worth approximately $1,432,000. First Wilshire Securities Management Inc. boosted its stake in Silicom by 10.5% in the third quarter. First Wilshire Securities Management Inc. now owns 665,894 shares of the technology company’s stock worth $17,380,000 after buying an additional 63,070 shares in the last quarter. Finally, Kent Lake Capital LLC bought a new position in Silicom during the fourth quarter valued at approximately $5,430,000. 52.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SILC has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 target price on shares of Silicom in a research report on Friday, May 3rd. StockNews.com upgraded Silicom from a “sell” rating to a “hold” rating in a report on Thursday, June 6th.

Silicom Stock Performance

NASDAQ SILC opened at $14.60 on Friday. Silicom Ltd. has a fifty-two week low of $13.75 and a fifty-two week high of $40.70. The stock has a market cap of $98.70 million, a P/E ratio of -9.30 and a beta of 1.06. The stock has a 50 day simple moving average of $16.02 and a two-hundred day simple moving average of $16.21.

Silicom (NASDAQ:SILC) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported ($0.55) earnings per share (EPS) for the quarter. The company had revenue of $14.37 million during the quarter. Silicom had a negative return on equity of 5.97% and a negative net margin of 9.80%.

Silicom 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.