Phoenix Holdings Ltd. boosted its holdings in Silicom Ltd. (NASDAQ:SILC) by 10.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,976 shares of the technology company’s stock after acquiring an additional 3,080 shares during the quarter. Phoenix Holdings Ltd. owned 0.46% of Silicom worth $1,145,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. UBS Group AG acquired a new stake in Silicom in the 1st quarter valued at approximately $37,000. Fifth Third Bancorp acquired a new stake in Silicom during the 1st quarter worth about $54,000. Advisor Group Holdings Inc. acquired a new stake in Silicom during the 1st quarter worth about $103,000. New York State Common Retirement Fund raised its holdings in Silicom by 22.3% during the 1st quarter. New York State Common Retirement Fund now owns 4,146 shares of the technology company’s stock worth $112,000 after buying an additional 756 shares during the period. Finally, PNC Financial Services Group Inc. acquired a new stake in Silicom during the 1st quarter worth about $116,000. Hedge funds and other institutional investors own 46.88% of the company’s stock.
Silicom stock traded up $0.21 during trading hours on Thursday, reaching $38.08. 322 shares of the company were exchanged, compared to its average volume of 15,129. The firm has a market cap of $273.04 million, a price-to-earnings ratio of 39.21 and a beta of 1.04. The company has a current ratio of 3.49, a quick ratio of 2.34 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average of $37.54 and a 200 day moving average of $32.93. Silicom Ltd. has a 12 month low of $20.93 and a 12 month high of $39.45.
Silicom (NASDAQ:SILC) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. Silicom had a return on equity of 4.41% and a net margin of 7.51%. The company had revenue of $23.05 million during the quarter.
A number of brokerages have recently weighed in on SILC. BidaskClub downgraded Silicom from a “buy” rating to a “hold” rating in a report on Thursday, July 30th. Needham & Company LLC began coverage on Silicom in a report on Wednesday, July 29th. They issued a “buy” rating and a $42.00 price objective on the stock. Finally, ValuEngine upgraded Silicom from a “sell” rating to a “hold” rating in a report on Monday, August 3rd.
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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