ValuEngine Lowers Silicom (SILC) to Sell

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ValuEngine cut shares of Silicom (NASDAQ:SILC) from a hold rating to a sell rating in a research report report published on Tuesday.

Shares of SILC opened at $37.68 on Tuesday. Silicom has a 1 year low of $32.00 and a 1 year high of $77.95. The company has a market capitalization of $285.60 million, a PE ratio of 18.27 and a beta of 1.27.

Silicom (NASDAQ:SILC) last issued its earnings results on Thursday, July 26th. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.06). Silicom had a return on equity of 11.52% and a net margin of 12.52%. The company had revenue of $27.60 million during the quarter, compared to analyst estimates of $27.24 million. During the same period in the previous year, the company posted $0.69 earnings per share. The company’s quarterly revenue was down 8.8% on a year-over-year basis.

Several institutional investors and hedge funds have recently modified their holdings of SILC. Quantbot Technologies LP acquired a new position in shares of Silicom in the 1st quarter worth approximately $164,000. Dynamic Technology Lab Private Ltd acquired a new stake in Silicom during the 1st quarter valued at $200,000. Columbia Partners L L C Investment Management acquired a new stake in Silicom during the 2nd quarter valued at $203,000. Commonwealth Equity Services LLC increased its holdings in Silicom by 30.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 9,350 shares of the technology company’s stock valued at $321,000 after purchasing an additional 2,157 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Silicom during the 1st quarter valued at $330,000. 31.88% of the stock is owned by institutional investors and hedge funds.

About Silicom

Silicom Ltd., together with its subsidiaries, designs, manufactures, markets, and supports networking and data infrastructure solutions for a range of servers, server based systems, and communications devices in North America, Europe, and the Asia Pacific. It offers server network interface cards with and without bypass for the server networking industry.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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