BidaskClub cut shares of Silicom Ltd (NASDAQ:SILC) from a buy rating to a hold rating in a report issued on Saturday morning.

Separately, Needham & Company LLC lifted their price objective on Silicom from $56.00 to $60.00 and gave the stock a buy rating in a report on Friday, April 28th.

Shares of Silicom (NASDAQ:SILC) opened at 52.48 on Friday. The stock has a 50 day moving average price of $48.76 and a 200 day moving average price of $45.61. Silicom has a 52 week low of $34.46 and a 52 week high of $56.99. The firm has a market cap of $389.40 million, a PE ratio of 27.12 and a beta of 1.22.

Silicom (NASDAQ:SILC) last released its quarterly earnings data on Monday, July 24th. The technology company reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.05. The firm had revenue of $30.30 million for the quarter, compared to the consensus estimate of $28.33 million. Silicom had a return on equity of 11.94% and a net margin of 13.34%. The company’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 earnings per share. Equities analysts expect that Silicom will post $2.74 earnings per share for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Morgan Stanley increased its position in shares of Silicom by 32.9% in the first quarter. Morgan Stanley now owns 63,061 shares of the technology company’s stock worth $3,132,000 after buying an additional 15,623 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Silicom by 6.7% in the first quarter. TIAA CREF Investment Management LLC now owns 26,871 shares of the technology company’s stock worth $1,335,000 after buying an additional 1,688 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Silicom by 4.2% in the first quarter. Wellington Management Group LLP now owns 288,658 shares of the technology company’s stock worth $14,338,000 after buying an additional 11,700 shares in the last quarter. Cadence Capital Management LLC acquired a new position in shares of Silicom during the first quarter worth about $1,603,000. Finally, American International Group Inc. increased its position in shares of Silicom by 7.2% in the first quarter. American International Group Inc. now owns 3,461 shares of the technology company’s stock worth $172,000 after buying an additional 232 shares in the last quarter. Institutional investors own 25.43% of the company’s stock.

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.

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