ARK Investment Management LLC Cuts Position in Silicom Ltd. (NASDAQ:SILC)

ARK Investment Management LLC lessened its position in shares of Silicom Ltd. (NASDAQ:SILCGet Rating) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,702 shares of the technology company’s stock after selling 473 shares during the quarter. ARK Investment Management LLC owned about 0.87% of Silicom worth $2,121,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blair William & Co. IL bought a new stake in shares of Silicom during the 4th quarter worth approximately $353,000. Diametric Capital LP grew its stake in Silicom by 24.3% during the 4th quarter. Diametric Capital LP now owns 18,150 shares of the technology company’s stock worth $937,000 after buying an additional 3,553 shares during the last quarter. Meixler Investment Management Ltd. purchased a new position in Silicom during the 4th quarter worth $261,000. Cardinal Capital Management grew its stake in Silicom by 9.7% during the 1st quarter. Cardinal Capital Management now owns 13,937 shares of the technology company’s stock valued at $549,000 after purchasing an additional 1,237 shares during the last quarter. Finally, Lewis Capital Management LLC grew its stake in Silicom by 4.9% during the 1st quarter. Lewis Capital Management LLC now owns 42,180 shares of the technology company’s stock valued at $1,661,000 after purchasing an additional 1,981 shares during the last quarter. Hedge funds and other institutional investors own 51.28% of the company’s stock.

Silicom Trading Down 0.2 %

Shares of NASDAQ SILC opened at $37.13 on Monday. The stock has a market cap of $246.95 million, a P/E ratio of 20.07 and a beta of 0.88. Silicom Ltd. has a 12-month low of $31.30 and a 12-month high of $52.75. The business’s fifty day simple moving average is $39.61 and its 200-day simple moving average is $37.42.

Silicom (NASDAQ:SILCGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The technology company reported $0.67 earnings per share (EPS) for the quarter. The business had revenue of $34.15 million for the quarter. Silicom had a return on equity of 7.88% and a net margin of 9.31%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. TheStreet raised Silicom from a “c+” rating to a “b-” rating in a report on Thursday, August 4th. StockNews.com upgraded Silicom from a “hold” rating to a “buy” rating in a research report on Wednesday, August 3rd.

About Silicom

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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 the United States, North America, Israel, 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 field programmable gate array-based cards.

See Also

Institutional Ownership by Quarter for Silicom (NASDAQ:SILC)

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