During August, there was a discernible reduction in the total number of short positions in Silicom Ltd. (NASDAQ: SILC). On August 15, there were 18,700 shares short, but as of August 31, there were only 13,200 shares short. This is a decline of 29.4%. The current short-interest ratio is 0.9 days, derived from an average daily volume of 14,500 shares traded in the market. About 0.2% of the company’s total shares are thought to be traded short at any given time.
The company has, in recent times, received feedback from a variety of equity research professionals. TheStreet upgraded Silicom from a rating of “c+” to a rating of “b-” in a research report published on Thursday, August 4. In a research report issued on Wednesday, August 3, by StockNews.com, the rating for Silicom was upgraded from “hold” to “buy.” Over the past few months, various institutional investors and hedge funds have purchased and sold stock. During the first three months of 2018, State Street Corporation acquired an additional 4.7% of shares in Silicom. State Street Corp now has a total of 7,592 shares in the company, with a market value of $299,000, thanks to the acquisition of 340 extra shares during the quarter.
During the first quarter, Invesco Ltd. increased the percentage of Silicom stock that it held by 17.3%.
Invesco Ltd. now has 6,363 shares of the technology company’s stock, and the total value of those shares is $251,000 after the business acquired an additional 938 shares during the quarter. During the second quarter, Brinker Capital Investments LLC increased the percentage of Silicom stock that is owned by 15.7%. Brinker Capital Investments LLC is now the owner of 7,318 shares of the common stock of the technology business after purchasing an additional 993 shares over that period. The total value of these holdings is equal to $246,000. In addition, Carolinas Wealth Consulting LLC had a 14.3% increase in the value of its investment in Silicom during the first quarter. Following the purchase of an additional 1,000 shares during the period in question, Carolinas Wealth Consulting LLC currently holds 8,000 shares of the stock of the technology business, which has a combined market value of $315,000. And last, throughout the period covered by this report, First Republic Investment Management Inc. increased the percentage of Silicom stock that is owned by 5.7%.
After purchasing an additional 1,189 shares during the quarter, First Republic Investment Management Inc. now owns 22,011 technology company stock shares, worth $741,000 in total. Hedge funds and other institutional investors currently hold 51.28% of the company’s stock. On Friday, shares of SILC opened for trade at $37.13 per share.
The company has a P/E ratio of 20.07, and its beta value is 0.88. Its market capitalization is currently valued at $246.91 million. The one-year high for Silicom is 52.75 dollars, and its one-year low is 31.30 dollars. The fifty-day simple moving average for this company is $39.61, and the 200-day simple moving average for this stock is $37.47. The most recent quarterly results report from Silicom (NASDAQ: SILC) was made public on Thursday, July 28. During the last quarter, the information technology company generated $0.67 per share earnings. The total revenue for the quarter came in at $34.15 million for the organization. The net margin for Silicom was 9.31%, and the company’s return on equity was 7.88%.
Networking and data infrastructure solutions are developed, created, distributed, and supported by Silicom Ltd. and its subsidiaries in the United States of America, North America, Israel, Europe, and the Asia Pacific. These solutions can be used for various servers, server-based systems, and communications devices. It comes with various smart cards, including server network interface cards, smart server adapters with redirector and switching cards, encryption and data compression hardware acceleration cards, forward error correction acceleration and offloading cards, time synchronization cards, and FPGA-based cards. These smart cards are used on servers.