GSA Capital Partners LLP Acquires 12,990 Shares of Silicom Ltd. (NASDAQ:SILC)

GSA Capital Partners LLP raised its holdings in shares of Silicom Ltd. (NASDAQ:SILC) by 89.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,482 shares of the technology company’s stock after acquiring an additional 12,990 shares during the quarter. GSA Capital Partners LLP’s holdings in Silicom were worth $377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of SILC. Kent Lake Capital LLC raised its stake in Silicom by 5.0% during the 1st quarter. Kent Lake Capital LLC now owns 315,000 shares of the technology company’s stock worth $4,678,000 after acquiring an additional 15,000 shares during the period. Quadrature Capital Ltd purchased a new stake in Silicom in the 1st quarter worth $256,000. Finally, Acadian Asset Management LLC raised its holdings in Silicom by 59.8% during the second quarter. Acadian Asset Management LLC now owns 15,370 shares of the technology company’s stock valued at $228,000 after acquiring an additional 5,749 shares during the period. Institutional investors own 52.85% of the company’s stock.

Silicom Stock Performance

Shares of NASDAQ SILC opened at $14.53 on Friday. The company has a market cap of $98.16 million, a P/E ratio of -4.84 and a beta of 1.04. Silicom Ltd. has a 52-week low of $11.35 and a 52-week high of $19.04. The firm’s fifty day moving average is $13.61 and its two-hundred day moving average is $14.42.

Analysts Set New Price Targets

SILC has been the subject of a number of recent analyst reports. StockNews.com raised Silicom from a “sell” rating to a “hold” rating in a research note on Saturday, August 31st. Needham & Company LLC initiated coverage on Silicom in a research note on Monday, November 4th. They issued a “hold” rating for the company.

Silicom Profile

Silicom Ltd., together with its subsidiaries, designs, manufactures, markets, and supports networking and data infrastructure solutions for servers, server-based systems, and communications devices. It offers server network interface cards; and smart cards, such as smart server adapters, which include redirector and switching cards, encryption and data compression hardware acceleration cards, forward error correction acceleration and offloading cards, time synchronization cards, and field programmable gate array-based cards.