Silicom Ltd. (NASDAQ:SILC) Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP lowered its stake in shares of Silicom Ltd. (NASDAQ:SILC) by 3.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 594,012 shares of the technology company’s stock after selling 23,306 shares during the quarter. Systematic Financial Management LP owned about 0.09% of Silicom worth $8,981,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Kent Lake Capital LLC increased its holdings in shares of Silicom by 5.0% during the first quarter. Kent Lake Capital LLC now owns 315,000 shares of the technology company’s stock valued at $4,678,000 after acquiring an additional 15,000 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Silicom during the first quarter valued at about $256,000. Finally, Acadian Asset Management LLC increased its holdings in shares of Silicom by 59.8% during the second quarter. Acadian Asset Management LLC now owns 15,370 shares of the technology company’s stock valued at $228,000 after acquiring an additional 5,749 shares in the last quarter. Institutional investors and hedge funds own 52.85% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SILC. Needham & Company LLC downgraded shares of Silicom from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. StockNews.com upgraded shares of Silicom from a “sell” rating to a “hold” rating in a report on Saturday, August 31st.

Silicom Trading Up 1.2 %

Shares of NASDAQ:SILC opened at $13.86 on Monday. Silicom Ltd. has a twelve month low of $11.35 and a twelve month high of $26.10. The company’s 50 day moving average is $13.21 and its 200 day moving average is $14.83. The company has a market cap of $93.69 million, a PE ratio of -8.83 and a beta of 1.04.

Silicom (NASDAQ:SILC) last issued its quarterly earnings data on Monday, July 29th. The technology company reported ($0.25) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.10. The business had revenue of $14.50 million for the quarter. Silicom had a negative net margin of 19.62% and a negative return on equity of 9.92%.

Silicom 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.