Citadel Advisors LLC Buys New Position in Silicom Ltd (SILC)

Citadel Advisors LLC bought a new position in shares of Silicom Ltd (NASDAQ:SILC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,135 shares of the technology company’s stock, valued at approximately $534,000. Citadel Advisors LLC owned about 0.12% of Silicom as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. ETF Managers Group LLC purchased a new stake in Silicom during the second quarter worth approximately $120,000. GHP Investment Advisors Inc. purchased a new stake in Silicom during the third quarter worth approximately $253,000. Bank of Montreal Can lifted its stake in Silicom by 73.8% during the second quarter. Bank of Montreal Can now owns 7,191 shares of the technology company’s stock worth $320,000 after purchasing an additional 3,054 shares during the last quarter. Westwood Management Corp IL purchased a new stake in Silicom during the third quarter worth approximately $585,000. Finally, Parametric Portfolio Associates LLC purchased a new stake in Silicom during the second quarter worth approximately $682,000. Hedge funds and other institutional investors own 25.29% of the company’s stock.

Several research firms recently weighed in on SILC. BidaskClub cut Silicom from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Needham & Company LLC lifted their price target on Silicom from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th.

Silicom Ltd (SILC) opened at $69.84 on Tuesday. The company has a market capitalization of $514.23, a P/E ratio of 32.90 and a beta of 1.38. Silicom Ltd has a 12-month low of $34.86 and a 12-month high of $77.05.

Silicom (NASDAQ:SILC) last released its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.71 by $0.04. The company had revenue of $32.30 million for the quarter, compared to analyst estimates of $31.11 million. Silicom had a return on equity of 12.77% and a net margin of 13.68%. The firm’s revenue was up 30.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 earnings per share.

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Silicom 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.

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Institutional Ownership by Quarter for Silicom (NASDAQ:SILC)

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