Foundry Partners LLC Raises Holdings in Silicom Ltd. (SILC)

Foundry Partners LLC boosted its position in shares of Silicom Ltd. (NASDAQ:SILC) by 22.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,038 shares of the technology company’s stock after purchasing an additional 29,810 shares during the period. Foundry Partners LLC owned about 2.12% of Silicom worth $6,491,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SILC. Pekin Singer Strauss Asset Management IL increased its holdings in Silicom by 408.7% during the 2nd quarter. Pekin Singer Strauss Asset Management IL now owns 125,403 shares of the technology company’s stock worth $4,823,000 after purchasing an additional 100,753 shares in the last quarter. Millennium Management LLC increased 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 purchasing an additional 84,943 shares in the last quarter. Cardinal Capital Management bought a new position in Silicom during the 2nd quarter worth about $792,000. The Manufacturers Life Insurance Company bought a new position in Silicom during the 1st quarter worth about $680,000. Finally, Rice Hall James & Associates LLC increased its holdings in Silicom by 78.3% during the 2nd quarter. Rice Hall James & Associates LLC now owns 43,182 shares of the technology company’s stock worth $1,661,000 after purchasing an additional 18,957 shares in the last quarter. Hedge funds and other institutional investors own 32.15% of the company’s stock.

A number of research firms have issued reports on SILC. BidaskClub upgraded Silicom from a “sell” rating to a “hold” rating in a report on Monday, October 1st. ValuEngine cut Silicom from a “hold” rating to a “sell” rating in a report on Tuesday, September 4th.

Shares of NASDAQ SILC traded down $1.50 during mid-day trading on Friday, hitting $40.92. The company had a trading volume of 75,809 shares, compared to its average volume of 74,000. The stock has a market capitalization of $327.27 million, a price-to-earnings ratio of 22.12 and a beta of 0.88. Silicom Ltd. has a one year low of $32.00 and a one year high of $77.95.

TRADEMARK VIOLATION WARNING: This report was originally published by Baseball Daily News and is the sole property of of Baseball Daily News. If you are reading this report on another domain, it was copied illegally and reposted in violation of international trademark & copyright laws. The correct version of this report can be read at https://www.baseballdailydigest.com/2018/11/10/silicom-ltd-silc-shares-bought-by-foundry-partners-llc.html.

About Silicom

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.

Featured Story: How is inflation measured?

Institutional Ownership by Quarter for Silicom (NASDAQ:SILC)

Receive News & Ratings for Silicom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silicom and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply