ARK Investment Management LLC Raises Stake in Silicom Ltd. (NASDAQ:SILC)

ARK Investment Management LLC boosted its position in Silicom Ltd. (NASDAQ:SILC) by 39.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 79,319 shares of the technology company’s stock after acquiring an additional 22,371 shares during the period. ARK Investment Management LLC owned 1.17% of Silicom worth $1,436,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SILC. BNP Paribas Arbitrage SNC bought a new stake in Silicom in the 1st quarter valued at about $25,000. Tower Research Capital LLC TRC increased its position in shares of Silicom by 214.7% during the first quarter. Tower Research Capital LLC TRC now owns 878 shares of the technology company’s stock valued at $33,000 after buying an additional 599 shares during the period. UBS Group AG increased its position in shares of Silicom by 2,226.8% during the second quarter. UBS Group AG now owns 2,257 shares of the technology company’s stock valued at $76,000 after buying an additional 2,160 shares during the period. Citigroup Inc. increased its position in shares of Silicom by 11.0% during the second quarter. Citigroup Inc. now owns 4,584 shares of the technology company’s stock valued at $169,000 after buying an additional 455 shares during the period. Finally, Geode Capital Management LLC bought a new stake in shares of Silicom during the fourth quarter valued at about $204,000. 52.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SILC. TheStreet lowered Silicom from a “c-” rating to a “d” rating in a report on Friday, February 2nd. StockNews.com lowered Silicom from a “hold” rating to a “sell” rating in a research note on Monday, February 5th.

Silicom Stock Down 0.1 %

Shares of SILC opened at $15.49 on Thursday. The stock has a 50 day simple moving average of $15.86 and a two-hundred day simple moving average of $18.23. Silicom Ltd. has a 1 year low of $13.75 and a 1 year high of $40.70.

Silicom (NASDAQ:SILC) last issued its earnings results on Thursday, February 1st. The technology company reported ($1.76) earnings per share (EPS) for the quarter. The firm had revenue of $18.76 million during the quarter. Silicom had a negative return on equity of 1.62% and a negative net margin of 2.38%.

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.