Bank of New York Mellon Corp boosted its position in shares of Silicom Ltd (NASDAQ:SILC) by 10.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,234 shares of the technology company’s stock after buying an additional 1,517 shares during the period. Bank of New York Mellon Corp owned approximately 0.22% of Silicom worth $807,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the stock. Guggenheim Capital LLC raised its stake in shares of Silicom by 23.7% in the fourth quarter. Guggenheim Capital LLC now owns 25,394 shares of the technology company’s stock worth $1,043,000 after buying an additional 4,858 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Silicom during the fourth quarter worth about $242,000. State Street Corp raised its stake in shares of Silicom by 2.1% in the fourth quarter. State Street Corp now owns 73,088 shares of the technology company’s stock worth $3,001,000 after buying an additional 1,510 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Silicom during the fourth quarter worth about $462,000. 25.45% of the stock is owned by hedge funds and other institutional investors.
Silicom Ltd (NASDAQ SILC) opened at 52.26 on Friday. The stock has a market cap of $387.77 million, a price-to-earnings ratio of 27.01 and a beta of 1.22. The stock has a 50 day moving average of $50.67 and a 200 day moving average of $46.67. Silicom Ltd has a 1-year low of $34.46 and a 1-year high of $56.99.
Silicom (NASDAQ:SILC) last released its quarterly earnings results on Monday, July 24th. The technology company reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.05. The firm had revenue of $30.30 million during the quarter, compared to analysts’ expectations of $28.33 million. Silicom had a return on equity of 11.94% and a net margin of 13.34%. Silicom’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 EPS. Equities analysts expect that Silicom Ltd will post $2.74 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: “Silicom Ltd (SILC) Shares Bought by Bank of New York Mellon Corp” was published by Community Financial News and is the property of of Community Financial News. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://www.com-unik.info/2017/08/19/bank-of-new-york-mellon-corp-has-807000-position-in-silicom-ltd-silc-updated-updated.html.
A number of equities research analysts recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $67.00 price objective (up previously from $60.00) on shares of Silicom in a report on Tuesday, July 25th. BidaskClub lowered shares of Silicom from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th.
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.
What are top analysts saying about Silicom Ltd? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Silicom Ltd and related companies.