Silicom’s (SILC) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Silicom (NASDAQ:SILC) in a research report sent to investors on Friday, Benzinga reports. The brokerage currently has a $20.00 target price on the technology company’s stock.

Several other research analysts also recently weighed in on the stock. StockNews.com downgraded shares of Silicom from a hold rating to a sell rating in a research note on Monday, February 5th. TheStreet downgraded shares of Silicom from a c- rating to a d rating in a research note on Friday, February 2nd.

Silicom Price Performance

Silicom stock opened at $16.75 on Friday. Silicom has a fifty-two week low of $13.75 and a fifty-two week high of $40.70. The stock has a fifty day moving average of $15.34 and a two-hundred day moving average of $16.29.

Institutional Trading of Silicom

Hedge funds have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC boosted its position in shares of Silicom by 9.0% in the third quarter. Commonwealth Equity Services LLC now owns 8,450 shares of the technology company’s stock worth $221,000 after acquiring an additional 700 shares during the last quarter. Yelin Lapidot Holdings Management Ltd. acquired a new position in shares of Silicom in the 3rd quarter valued at $5,769,000. Foundry Partners LLC grew its stake in shares of Silicom by 35.8% during the 3rd quarter. Foundry Partners LLC now owns 62,650 shares of the technology company’s stock valued at $1,635,000 after buying an additional 16,520 shares during the period. First Wilshire Securities Management Inc. increased its holdings in shares of Silicom by 10.5% during the 3rd quarter. First Wilshire Securities Management Inc. now owns 665,894 shares of the technology company’s stock worth $17,380,000 after buying an additional 63,070 shares during the last quarter. Finally, Worth Venture Partners LLC purchased a new position in shares of Silicom in the 3rd quarter worth $1,432,000. 52.85% of the stock is owned by institutional investors and hedge funds.

Silicom Company Profile

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.