Silicom (NASDAQ:SILC) Now Covered by Analysts at Needham & Company LLC

Equities research analysts at Needham & Company LLC started coverage on shares of Silicom (NASDAQ:SILC) in a report issued on Monday, StockNewsAPI reports. The firm set a “hold” rating on the technology company’s stock.

Separately, StockNews.com raised shares of Silicom from a “sell” rating to a “hold” rating in a report on Saturday, August 31st.

Silicom Price Performance

Shares of SILC opened at $13.65 on Monday. Silicom has a 1 year low of $11.35 and a 1 year high of $19.04. The stock’s fifty day moving average price is $13.34 and its two-hundred day moving average price is $14.54. The firm has a market cap of $92.27 million, a PE ratio of -4.55 and a beta of 1.04.

Hedge Funds Weigh In On Silicom

A number of large investors have recently made changes to their positions in the stock. Kent Lake Capital LLC lifted its holdings in Silicom by 5.0% during the 1st quarter. Kent Lake Capital LLC now owns 315,000 shares of the technology company’s stock worth $4,678,000 after purchasing an additional 15,000 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Silicom during the 1st quarter worth approximately $256,000. Finally, Acadian Asset Management LLC lifted its stake in Silicom by 59.8% in the 2nd quarter. Acadian Asset Management LLC now owns 15,370 shares of the technology company’s stock worth $228,000 after purchasing an additional 5,749 shares in the last quarter. 52.85% of the stock is owned by institutional investors.

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.