Silicom (NASDAQ:SILC) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.
Separately, Needham & Company LLC upped their price target on Silicom from $67.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, October 26th.
Shares of Silicom (NASDAQ SILC) traded down $1.15 during trading on Thursday, reaching $71.98. The company had a trading volume of 55,379 shares, compared to its average volume of 34,936. Silicom has a 1-year low of $34.86 and a 1-year high of $77.95. The company has a market capitalization of $531.33, a P/E ratio of 34.11 and a beta of 1.38.
A number of institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its holdings in Silicom by 3.7% during the second quarter. Bank of New York Mellon Corp now owns 16,834 shares of the technology company’s stock worth $747,000 after buying an additional 600 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Silicom by 2.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 59,675 shares of the technology company’s stock valued at $2,647,000 after purchasing an additional 1,289 shares during the period. Cadence Capital Management LLC grew its stake in Silicom by 5.1% in the 3rd quarter. Cadence Capital Management LLC now owns 43,004 shares of the technology company’s stock valued at $2,516,000 after purchasing an additional 2,084 shares during the period. Wells Fargo & Company MN grew its stake in Silicom by 7.2% in the 2nd quarter. Wells Fargo & Company MN now owns 35,205 shares of the technology company’s stock valued at $1,562,000 after purchasing an additional 2,351 shares during the period. Finally, ETF Managers Group LLC bought a new position in Silicom in the 2nd quarter valued at $120,000. Institutional investors and hedge funds own 25.29% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This piece was reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another domain, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this piece can be read at https://www.com-unik.info/2018/01/11/bidaskclub-downgrades-silicom-silc-to-sell.html.
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? - 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 and related companies.