Silicom’s (SILC) Hold Rating Reaffirmed at Needham & Company LLC

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

Silicom Stock Performance

SILC stock opened at $17.56 on Monday. The company’s 50-day simple moving average is $15.83 and its 200 day simple moving average is $14.33. Silicom has a 52 week low of $11.35 and a 52 week high of $18.24. The company has a market capitalization of $118.71 million, a PE ratio of -8.78 and a beta of 0.98.

Silicom (NASDAQ:SILC) last released its quarterly earnings results on Thursday, January 30th. The technology company reported ($0.76) EPS 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%.

Hedge Funds Weigh In On Silicom

A hedge fund recently raised its stake in Silicom stock. GSA Capital Partners LLP boosted its position in shares of Silicom Ltd. (NASDAQ:SILC) by 89.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,482 shares of the technology company’s stock after buying an additional 12,990 shares during the period. GSA Capital Partners LLP owned approximately 0.41% of Silicom worth $377,000 at the end of the most recent quarter. 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.