Needham & Company LLC Begins Coverage on Silicom (NASDAQ:SILC)

Needham & Company LLC assumed coverage on shares of Silicom (NASDAQ:SILC) in a research note published on Monday, MarketBeat Ratings reports. The firm issued a hold rating on the technology company’s stock.

Separately, StockNews.com raised shares of Silicom from a “sell” rating to a “hold” rating in a research report on Saturday, August 31st.

Silicom Stock Down 2.6 %

Shares of SILC stock opened at $14.25 on Monday. The company has a 50 day moving average price of $13.41 and a 200-day moving average price of $14.52. Silicom has a 52 week low of $11.35 and a 52 week high of $19.04. The firm has a market capitalization of $96.34 million, a PE ratio of -4.75 and a beta of 1.04.

Institutional Investors Weigh In On Silicom

Large investors have recently made changes to their positions in the company. Acadian Asset Management LLC boosted its holdings in shares of Silicom by 59.8% in the second quarter. Acadian Asset Management LLC now owns 15,370 shares of the technology company’s stock worth $228,000 after buying an additional 5,749 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in Silicom during the first quarter valued at approximately $256,000. GSA Capital Partners LLP raised its position in Silicom by 89.6% in the third quarter. GSA Capital Partners LLP now owns 27,482 shares of the technology company’s stock worth $377,000 after acquiring an additional 12,990 shares during the period. Finally, Kent Lake Capital LLC boosted its stake in shares of Silicom by 5.0% during the 1st quarter. Kent Lake Capital LLC now owns 315,000 shares of the technology company’s stock worth $4,678,000 after acquiring an additional 15,000 shares during the last quarter. 52.85% of the stock is currently owned by institutional investors.

About Silicom

Silicom Ltd., together with its subsidiaries, designs, manufactures, markets, and supports networking and data infrastructure solutions for servers, server-based systems, and communications devices. 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.