Needham & Company LLC Reiterates “Hold” Rating for Silicom (NASDAQ:SILC)

Silicom (NASDAQ:SILC)‘s stock had its “hold” rating restated by stock analysts at Needham & Company LLC in a research report issued to clients and investors on Monday,Benzinga reports.

Silicom Trading Down 0.9 %

Shares of SILC stock opened at $16.75 on Monday. Silicom has a twelve month low of $11.35 and a twelve month high of $18.24. The company’s 50-day moving average price is $15.91 and its 200-day moving average price is $14.35. The stock has a market cap of $113.23 million, a price-to-earnings ratio of -8.38 and a beta of 0.98.

Silicom (NASDAQ:SILC) last posted its earnings results on Thursday, January 30th. The technology company reported ($0.76) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.44). Silicom had a negative net margin of 20.66% and a negative return on equity of 8.83%.

Institutional Trading of Silicom

An institutional investor recently raised its position in Silicom stock. GSA Capital Partners LLP lifted its stake in Silicom Ltd. (NASDAQ:SILC) by 89.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 27,482 shares of the technology company’s stock after acquiring an additional 12,990 shares during the quarter. GSA Capital Partners LLP owned 0.41% of Silicom worth $377,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 52.85% of the company’s stock.

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.