14K shares changed hands on Tuesday. Volume was down 76.48% under the stocks average daily volume.
Traders are more bullish on shares of Silicom Limited if you pay attention to the downtick in short interest. The firm recorded a fall in short interest of -26.35% as of the latest report on October 13, 2017. Short interest fell 14,340 over that period. With short interest at 40,078 and short average daily volume at 25,590, days to cover is 2.0 and the percentage of shorted shares was 0.01% on October 13.
A few notable investment firms have updated their holdings. As of quarter end EAM Investors, LLC had acquired a total of 5,977 shares growing its position 8.8%. The value of the total investment in Silicom Limited increased from $3,006,000 to $4,315,000 increasing 43.5% for the reporting period. As of the end of the quarter Wells Fargo & Company/mn had bought 3,280 shares growing its stake by 9.3%. The value in dollars went from $1,562,000 to $2,252,000 a change of $690,000 since the last quarter.
As of quarter end Wellington Management Group Llp had sold a total of 264,058 shares trimming its holdings by 98.7%. The value of the company’s investment in Silicom Limited went from $11,864,000 to $199,000 a change of 98.3% quarter over quarter. Lazard Asset Management LLC bolstered its stake by buying 5,200 shares an increase of 30.3% in the quarter. Lazard Asset Management LLC now holds 22,369 shares valued at $1,308,000. The value of the position overall is up by 71.9%.
Needham & Company LLC raised the price target on October 26 changing the forecast from $67.00 to $75.00 and issued a “Buy” rating.
The company is so far trading down by 1.15% percent from yesterday’s close. The company currently has a P/E ratio of 33.09 and the market cap is 514.50M. As of the last earnings report the EPS was $2.11 with 7.40M shares currently outstanding.
Silicom Ltd. (Silicom), incorporated in 1987, is involved in the design, manufacture, marketing and support of connectivity solutions for a range of servers and server based systems. Silicom is active in the product line of high-end server networking cards with and without bypass (Server Adapters). For the purpose of these products it leverages its expertise in networking and operating systems and in facilitating improved connectivity for servers by increasing the number of ports on the server adapters and by adding bypass and other special functionality for security appliances, wide area network (WAN) optimization appliances and other network appliances. The products have either one, two, four, six or eight ports, which plug into the servers between which interaction is facilitated. During the year ended December 31, 2011, it sold external bypass switches and Server Adapters to members of the Rad Group..