Silicom (NASDAQ:SILC) Lowered to “Sell” at BidaskClub

BidaskClub lowered shares of Silicom (NASDAQ:SILC) from a hold rating to a sell rating in a report released on Tuesday morning, BidAskClub reports.

Other analysts have also issued reports about the company. TheStreet upgraded Silicom from a c rating to a b- rating in a research note on Tuesday, October 29th. Needham & Company LLC upgraded Silicom from a hold rating to a buy rating and set a $45.00 target price for the company in a research note on Thursday, January 30th.

Shares of NASDAQ:SILC opened at $34.90 on Tuesday. Silicom has a twelve month low of $28.59 and a twelve month high of $40.36. The firm has a market cap of $268.51 million, a PE ratio of 25.66 and a beta of 0.87. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.82 and a current ratio of 4.20. The business has a fifty day moving average of $35.06 and a 200-day moving average of $32.70.

Silicom (NASDAQ:SILC) last announced its earnings results on Wednesday, January 29th. The technology company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.08. Silicom had a return on equity of 6.27% and a net margin of 9.73%. The company had revenue of $25.50 million during the quarter, compared to analyst estimates of $25.14 million. During the same period last year, the company posted $1.17 earnings per share. The firm’s quarterly revenue was down 44.0% compared to the same quarter last year.

Large investors have recently made changes to their positions in the company. State of Tennessee Treasury Department acquired a new stake in shares of Silicom in the third quarter valued at $83,000. Commonwealth Equity Services LLC bought a new position in Silicom in the third quarter valued at about $204,000. Millennium Management LLC boosted its holdings in Silicom by 1.4% in the third quarter. Millennium Management LLC now owns 21,528 shares of the technology company’s stock valued at $680,000 after acquiring an additional 304 shares during the last quarter. Cardinal Capital Management boosted its holdings in Silicom by 1.9% in the third quarter. Cardinal Capital Management now owns 21,924 shares of the technology company’s stock valued at $692,000 after acquiring an additional 409 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Silicom by 16.2% in the fourth quarter. Acadian Asset Management LLC now owns 126,755 shares of the technology company’s stock valued at $4,216,000 after acquiring an additional 17,667 shares during the last quarter. Institutional investors own 42.72% 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 a range of servers, server based systems, and communications devices in North America, Europe, and the Asia Pacific. It offers server network interface cards with and without bypass for the server networking industry.

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