Silicom (NASDAQ:SILC) Downgraded by TheStreet

Silicom (NASDAQ:SILCGet Rating) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c+” rating in a note issued to investors on Wednesday, TheStreetRatingsTable reports.

Separately, StockNews.com lowered shares of Silicom from a “buy” rating to a “hold” rating in a research note on Saturday, May 7th.

SILC stock opened at $33.23 on Wednesday. The company has a 50 day moving average price of $37.53 and a 200 day moving average price of $42.66. Silicom has a fifty-two week low of $32.49 and a fifty-two week high of $52.75. The stock has a market capitalization of $221.01 million, a PE ratio of 22.61 and a beta of 0.79.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC lifted its stake in Silicom by 2.5% in the 1st quarter. Acadian Asset Management LLC now owns 176,553 shares of the technology company’s stock valued at $6,928,000 after purchasing an additional 4,336 shares during the last quarter. Intrepid Capital Management Inc. raised its stake in Silicom by 33.8% during the first quarter. Intrepid Capital Management Inc. now owns 74,671 shares of the technology company’s stock worth $2,940,000 after buying an additional 18,844 shares during the last quarter. Systematic Financial Management LP raised its stake in Silicom by 1.1% during the first quarter. Systematic Financial Management LP now owns 534,618 shares of the technology company’s stock worth $21,048,000 after buying an additional 5,767 shares during the last quarter. Isthmus Partners LLC raised its stake in Silicom by 6.3% during the first quarter. Isthmus Partners LLC now owns 39,574 shares of the technology company’s stock worth $1,558,000 after buying an additional 2,343 shares during the last quarter. Finally, Lewis Capital Management LLC raised its stake in Silicom by 4.9% during the first quarter. Lewis Capital Management LLC now owns 42,180 shares of the technology company’s stock worth $1,661,000 after buying an additional 1,981 shares during the last quarter. Institutional investors and hedge funds own 60.76% of the company’s stock.

About Silicom (Get Rating)

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; 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 FPGA based cards.

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