Silicom (SILC) Downgraded by BidaskClub to “Hold”

Silicom (NASDAQ:SILC) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Thursday.

Separately, ValuEngine upgraded shares of Silicom from a “sell” rating to a “hold” rating in a research note on Saturday, October 27th.

Silicom stock traded down $0.93 during midday trading on Thursday, hitting $42.42. The company’s stock had a trading volume of 161,900 shares, compared to its average volume of 83,795. Silicom has a 1-year low of $32.00 and a 1-year high of $77.95. The stock has a market capitalization of $332.10 million, a price-to-earnings ratio of 22.44 and a beta of 0.88.

A number of institutional investors have recently modified their holdings of SILC. Dynamic Technology Lab Private Ltd acquired a new stake in Silicom in the 1st quarter worth about $200,000. Columbia Partners L L C Investment Management acquired a new stake in Silicom in the 2nd quarter worth about $203,000. GHP Investment Advisors Inc. acquired a new stake in Silicom in the 3rd quarter worth about $210,000. ARK Investment Management LLC raised its stake in Silicom by 91.4% in the 2nd quarter. ARK Investment Management LLC now owns 14,929 shares of the technology company’s stock worth $574,000 after purchasing an additional 7,131 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in Silicom in the 1st quarter worth about $680,000. Institutional investors and hedge funds own 32.15% of the company’s stock.

Silicom Company Profile

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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