Intrepid Capital Management Inc. Acquires Shares of 108,996 Silicom Ltd. (NASDAQ:SILC)

Intrepid Capital Management Inc. acquired a new stake in shares of Silicom Ltd. (NASDAQ:SILC) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 108,996 shares of the technology company’s stock, valued at approximately $3,540,000. Silicom makes up about 1.6% of Intrepid Capital Management Inc.’s portfolio, making the stock its 28th biggest position. Intrepid Capital Management Inc. owned approximately 1.43% of Silicom at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Ibex Investors LLC boosted its position in Silicom by 28.8% during the 2nd quarter. Ibex Investors LLC now owns 513,369 shares of the technology company’s stock valued at $16,674,000 after acquiring an additional 114,701 shares in the last quarter. Cadence Capital Management LLC boosted its position in Silicom by 1.8% during the 1st quarter. Cadence Capital Management LLC now owns 82,323 shares of the technology company’s stock valued at $3,149,000 after acquiring an additional 1,452 shares in the last quarter. Foundry Partners LLC boosted its position in Silicom by 14.0% during the 2nd quarter. Foundry Partners LLC now owns 134,253 shares of the technology company’s stock valued at $4,361,000 after acquiring an additional 16,525 shares in the last quarter. Janus Henderson Group PLC boosted its position in Silicom by 36.8% during the 2nd quarter. Janus Henderson Group PLC now owns 386,378 shares of the technology company’s stock valued at $12,631,000 after acquiring an additional 103,954 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. boosted its position in Silicom by 21.3% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 313,949 shares of the technology company’s stock valued at $10,263,000 after acquiring an additional 55,054 shares in the last quarter. 45.77% of the stock is currently owned by institutional investors and hedge funds.

Separately, TheStreet lowered shares of Silicom from a “b-” rating to a “c+” rating in a report on Friday, May 17th.

SILC stock opened at $32.18 on Friday. The firm has a 50 day moving average price of $30.93 and a 200-day moving average price of $33.16. Silicom Ltd. has a 52-week low of $28.59 and a 52-week high of $45.50. The firm has a market capitalization of $244.57 million, a price-to-earnings ratio of 12.52 and a beta of 0.73.

Silicom (NASDAQ:SILC) last released its earnings results on Thursday, July 25th. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.03). Silicom had a net margin of 14.79% and a return on equity of 12.37%. The business had revenue of $25.40 million for the quarter, compared to analysts’ expectations of $25.40 million. During the same quarter in the previous year, the business posted $0.44 earnings per share. Silicom’s revenue for the quarter was down 8.0% on a year-over-year basis.

Silicom Profile

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.

Recommended Story: How Investors Use a Balance Sheet

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.