Silicom Ltd $SILC Shares Sold by Acuitas Investments LLC

Acuitas Investments LLC lowered its position in Silicom Ltd (NASDAQ:SILC) by 75.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,435 shares of the technology company’s stock after selling 85,802 shares during the quarter. Acuitas Investments LLC owned approximately 0.48% of Silicom worth $486,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Systematic Financial Management LP raised its position in Silicom by 3.5% in the 2nd quarter. Systematic Financial Management LP now owns 530,368 shares of the technology company’s stock valued at $8,203,000 after purchasing an additional 18,139 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in Silicom in the first quarter valued at $151,000. Finally, Bank of America Corp DE purchased a new stake in shares of Silicom in the fourth quarter valued at about $29,000. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

Silicom Price Performance

SILC opened at $19.37 on Friday. Silicom Ltd has a 12 month low of $12.44 and a 12 month high of $23.00. The stock has a market capitalization of $109.83 million, a P/E ratio of -8.31 and a beta of 1.04. The business has a 50 day simple moving average of $14.97 and a 200-day simple moving average of $15.97.

Silicom (NASDAQ:SILC) last released its quarterly earnings data on Thursday, January 29th. The technology company reported ($0.34) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.03. The firm had revenue of $16.91 million during the quarter, compared to analysts’ expectations of $15.65 million. Silicom had a negative return on equity of 10.83% and a negative net margin of 22.47%.

Wall Street Analysts Forecast Growth

SILC has been the topic of a number of research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Silicom in a report on Monday, December 29th. Wall Street Zen raised Silicom to a “hold” rating in a research report on Friday, October 3rd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce”.

About Silicom

Silicom Ltd. is an Israel‐based provider of advanced networking infrastructure products designed to enhance data throughput, security, and functionality in enterprise, cloud, telecommunications, and edge‐computing environments. The company develops and manufactures a range of network interface cards (NICs), specialized adapters, and turnkey network appliances that support high‐performance packet processing, encryption, compression, and traffic optimization. Silicom’s solutions are engineered to offload complex network functions from central processing units, enabling customers to achieve greater efficiency, reliability, and scalability in their data centers.

Founded in 1987 and headquartered in Lod, Israel, Silicom has grown from a niche hardware developer into a global supplier of connectivity and networking solutions.