Silicom (NASDAQ:SILC) Earns “Buy” Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Silicom (NASDAQ:SILC) in a research report report published on Friday, Benzinga reports. Needham & Company LLC currently has a $20.00 price objective on the technology company’s stock.

Other analysts also recently issued research reports about the company. TheStreet downgraded Silicom from a c- rating to a d rating in a research note on Friday, February 2nd. StockNews.com downgraded shares of Silicom from a hold rating to a sell rating in a research report on Monday, February 5th.

Silicom Price Performance

SILC traded down $0.19 during trading on Friday, reaching $16.14. 1,277 shares of the stock traded hands, compared to its average volume of 37,355. Silicom has a fifty-two week low of $13.75 and a fifty-two week high of $40.70. The stock’s 50-day simple moving average is $15.31 and its two-hundred day simple moving average is $16.34.

Silicom (NASDAQ:SILC) last released its quarterly earnings data on Thursday, February 1st. The technology company reported ($1.76) earnings per share for the quarter. The company had revenue of $18.76 million during the quarter. Silicom had a negative net margin of 9.80% and a negative return on equity of 5.97%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Kent Lake Capital LLC bought a new position in Silicom in the 4th quarter worth about $5,430,000. Worth Venture Partners LLC bought a new stake in Silicom during the 3rd quarter worth approximately $1,432,000. Yelin Lapidot Holdings Management Ltd. bought a new stake in Silicom during the 3rd quarter worth approximately $5,769,000. Commonwealth Equity Services LLC increased its holdings in Silicom by 9.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 8,450 shares of the technology company’s stock worth $221,000 after acquiring an additional 700 shares during the period. Finally, First Wilshire Securities Management Inc. increased its holdings in Silicom by 10.5% during the 3rd quarter. First Wilshire Securities Management Inc. now owns 665,894 shares of the technology company’s stock worth $17,380,000 after acquiring an additional 63,070 shares during the period. 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.