Dupont Capital Management Corp Has $133,000 Position in Silicom Ltd (SILC)
Dupont Capital Management Corp reduced its position in shares of Silicom Ltd (NASDAQ:SILC) by 66.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,000 shares of the technology company’s stock after selling 6,049 shares during the period. Dupont Capital Management Corp’s holdings in Silicom were worth $133,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of Montreal Can increased its stake in shares of Silicom by 73.8% in the second quarter. Bank of Montreal Can now owns 7,191 shares of the technology company’s stock valued at $320,000 after buying an additional 3,054 shares during the last quarter. First Wilshire Securities Management Inc. increased its stake in Silicom by 14.9% in the first quarter. First Wilshire Securities Management Inc. now owns 62,706 shares of the technology company’s stock worth $3,115,000 after buying an additional 8,151 shares in the last quarter. Renaissance Technologies LLC increased its stake in Silicom by 54.6% in the first quarter. Renaissance Technologies LLC now owns 41,247 shares of the technology company’s stock worth $2,049,000 after buying an additional 14,562 shares in the last quarter. Morgan Stanley increased its stake in Silicom by 32.9% in the first quarter. Morgan Stanley now owns 63,061 shares of the technology company’s stock worth $3,132,000 after buying an additional 15,623 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in Silicom by 6.7% in the first quarter. TIAA CREF Investment Management LLC now owns 26,871 shares of the technology company’s stock worth $1,335,000 after buying an additional 1,688 shares in the last quarter. 21.82% of the stock is owned by institutional investors.
Shares of Silicom Ltd (SILC) opened at 53.70 on Thursday. The company has a market capitalization of $399.80 million, a price-to-earnings ratio of 27.81 and a beta of 1.22. Silicom Ltd has a 1-year low of $34.46 and a 1-year high of $56.99. The stock has a 50 day moving average of $51.53 and a 200-day moving average of $47.23.
Silicom (NASDAQ:SILC) last released its earnings results on Monday, July 24th. The technology company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Silicom had a return on equity of 11.94% and a net margin of 13.34%. The business had revenue of $30.30 million for the quarter, compared to analyst estimates of $28.33 million. During the same quarter last year, the firm posted $0.63 earnings per share. The business’s revenue was up 16.5% compared to the same quarter last year. Analysts forecast that Silicom Ltd will post $2.74 earnings per share for the current year.
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Several equities analysts have recently commented on SILC shares. BidaskClub upgraded shares of Silicom from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Needham & Company LLC reiterated a “buy” rating and set a $67.00 price objective (up from $60.00) on shares of Silicom in a research report on Tuesday, July 25th.
Silicom Company Profile
Silicom Ltd. (Silicom) is engaged in the design, manufacture, marketing and support of networking and data infrastructure solutions for a range of servers, server-based systems and communications devices. The Company’s products include server network interface cards with and without bypass (Server Adapters); Intelligent and programmable cards, with features, such as encryption, acceleration, data compression, redirection, time stamping, network capture solutions, field programmable gate array (FPGA) based ultra-low latency solutions, and/or other offload features and/or compute blades (Smart Cards), and standalone Products.
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