Foundry Partners LLC grew its stake in shares of Silicom Ltd. (NASDAQ:SILC) by 22.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 160,038 shares of the technology company’s stock after purchasing an additional 29,810 shares during the period. Foundry Partners LLC owned approximately 2.12% of Silicom worth $6,491,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN grew its position in Silicom by 14.4% during the 1st quarter. Wells Fargo & Company MN now owns 46,535 shares of the technology company’s stock worth $1,601,000 after acquiring an additional 5,867 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Silicom by 30.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 9,350 shares of the technology company’s stock worth $321,000 after acquiring an additional 2,157 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in Silicom during the 1st quarter worth $680,000. Millennium Management LLC lifted its holdings in Silicom by 199.1% during the 1st quarter. Millennium Management LLC now owns 127,603 shares of the technology company’s stock worth $4,391,000 after buying an additional 84,943 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Silicom during the 1st quarter worth $200,000. Hedge funds and other institutional investors own 32.15% of the company’s stock.
NASDAQ:SILC traded down $1.50 during trading hours on Friday, hitting $40.92. 75,809 shares of the stock were exchanged, compared to its average volume of 74,000. Silicom Ltd. has a twelve month low of $32.00 and a twelve month high of $77.95. The company has a market cap of $327.27 million, a price-to-earnings ratio of 22.12 and a beta of 0.88.
SILC has been the topic of several research reports. BidaskClub raised Silicom from a “hold” rating to a “buy” rating in a report on Tuesday, October 30th. ValuEngine raised Silicom from a “sell” rating to a “hold” rating in a report on Saturday, October 27th.
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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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