Silicom (NASDAQ:SILC) Research Coverage Started at Needham & Company LLC

Needham & Company LLC began coverage on shares of Silicom (NASDAQ:SILC) in a report issued on Monday, MarketBeat.com reports. The brokerage issued 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 research note on Saturday, August 31st.

Silicom Trading Down 2.6 %

Shares of SILC stock opened at $14.25 on Monday. The company’s fifty day moving average price is $13.41 and its 200-day moving average price is $14.52. The stock has a market cap of $96.34 million, a PE ratio of -4.75 and a beta of 1.04. Silicom has a 12 month low of $11.35 and a 12 month high of $19.04.

Hedge Funds Weigh In On Silicom

Several large investors have recently modified their holdings of the stock. Acadian Asset Management LLC increased its stake in Silicom by 59.8% during the 2nd quarter. Acadian Asset Management LLC now owns 15,370 shares of the technology company’s stock valued at $228,000 after purchasing an additional 5,749 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Silicom during the first quarter valued at approximately $256,000. GSA Capital Partners LLP increased its position in shares of Silicom by 89.6% during the third quarter. GSA Capital Partners LLP now owns 27,482 shares of the technology company’s stock valued at $377,000 after acquiring an additional 12,990 shares in the last quarter. Finally, Kent Lake Capital LLC raised its holdings in Silicom by 5.0% in the 1st quarter. Kent Lake Capital LLC now owns 315,000 shares of the technology company’s stock worth $4,678,000 after acquiring an additional 15,000 shares during the last quarter. Hedge funds and other institutional investors own 52.85% of the company’s stock.

About Silicom

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.