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

Posted by on Feb 4th, 2025

Needham & Company LLC reissued their hold rating on shares of Silicom (NASDAQ:SILC – Free Report) in a research report report published on Monday morning,Benzinga reports.

Silicom Trading Down 3.8 %

Shares of SILC stock opened at $16.90 on Monday. Silicom has a 12 month low of $11.35 and a 12 month high of $18.24. The firm has a market capitalization of $114.24 million, a price-to-earnings ratio of -8.45 and a beta of 0.98. The business’s 50-day moving average price is $15.87 and its 200-day moving average price is $14.34.

Silicom (NASDAQ:SILC – Get Free Report) last announced its earnings results on Thursday, January 30th. The technology company reported ($0.76) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.44). Silicom had a negative return on equity of 8.83% and a negative net margin of 20.66%.

Institutional Investors Weigh In On Silicom

An institutional investor recently raised its position in Silicom stock. GSA Capital Partners LLP lifted its holdings in shares of Silicom Ltd. (NASDAQ:SILC – Free Report) by 89.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,482 shares of the technology company’s stock after acquiring an additional 12,990 shares during the quarter. GSA Capital Partners LLP owned 0.41% of Silicom worth $377,000 at the end of the most recent quarter. 52.85% of the stock is owned by hedge funds and other institutional investors.

About Silicom

(Get Free Report)

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.

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