Silicom (NASDAQ:SILC) Shares Pass Above 200-Day Moving Average – Time to Sell?

Silicom Ltd (NASDAQ:SILC) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $16.64 and traded as high as $20.43. Silicom shares last traded at $18.88, with a volume of 111,162 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silicom in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

Silicom Stock Performance

The firm has a market cap of $107.96 million, a PE ratio of -9.47 and a beta of 1.02. The stock has a 50 day simple moving average of $17.71 and a two-hundred day simple moving average of $16.66.

Silicom (NASDAQ:SILC) last issued its earnings results on Thursday, January 29th. The technology company reported ($0.34) EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.03. The firm had revenue of $16.91 million for the quarter, compared to the consensus estimate of $15.65 million. Silicom had a negative return on equity of 9.50% and a negative net margin of 18.54%.

Institutional Investors Weigh In On Silicom

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE purchased a new position in shares of Silicom during the 4th quarter valued at approximately $29,000. Goldman Sachs Group Inc. acquired a new stake in Silicom during the first quarter valued at $151,000. Systematic Financial Management LP grew its position in Silicom by 3.5% during the second quarter. Systematic Financial Management LP now owns 530,368 shares of the technology company’s stock valued at $8,203,000 after buying an additional 18,139 shares during the period. GSA Capital Partners LLP increased its holdings in Silicom by 19.2% in the third quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company’s stock valued at $260,000 after buying an additional 2,361 shares in the last quarter. Finally, Citadel Advisors LLC raised its position in shares of Silicom by 7.3% in the third quarter. Citadel Advisors LLC now owns 16,492 shares of the technology company’s stock worth $292,000 after acquiring an additional 1,117 shares during the period. Institutional investors and hedge funds own 52.85% of the company’s stock.

Silicom Company Profile

Silicom Ltd. is an Israel?based provider of advanced networking infrastructure products designed to enhance data throughput, security, and functionality in enterprise, cloud, telecommunications, and edge?computing environments. The company develops and manufactures a range of network interface cards (NICs), specialized adapters, and turnkey network appliances that support high?performance packet processing, encryption, compression, and traffic optimization. Silicom’s solutions are engineered to offload complex network functions from central processing units, enabling customers to achieve greater efficiency, reliability, and scalability in their data centers.

Founded in 1987 and headquartered in Lod, Israel, Silicom has grown from a niche hardware developer into a global supplier of connectivity and networking solutions.