Silicom (NASDAQ:SILC) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Silicom Ltd (NASDAQ:SILC) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.07 and traded as high as $45.20. Silicom shares last traded at $40.30, with a volume of 128,378 shares.

Silicom Price Performance

The company has a market capitalization of $230.11 million, a price-to-earnings ratio of -20.88 and a beta of 1.59. The company’s 50-day moving average price is $32.15 and its two-hundred day moving average price is $22.07.

Silicom (NASDAQ:SILC) last issued its earnings results on Thursday, April 30th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.36) by $0.11. The business had revenue of $19.10 million for the quarter, compared to analyst estimates of $16.97 million. Silicom had a negative net margin of 16.57% and a negative return on equity of 9.30%.

Insider Buying and Selling at Silicom

In related news, Director Avinoam Eizenman sold 9,023 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $44.66, for a total transaction of $402,967.18. Following the transaction, the director directly owned 188,736 shares of the company’s stock, valued at $8,428,949.76. This represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Eran Gilad sold 6,000 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $44.18, for a total transaction of $265,080.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 27,438 shares of company stock valued at $1,234,244 over the last 90 days. Insiders own 25.38% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE bought a new position in Silicom during the fourth quarter worth $29,000. Barclays PLC lifted its stake in shares of Silicom by 33.8% in the fourth quarter. Barclays PLC now owns 3,670 shares of the technology company’s stock valued at $54,000 after buying an additional 927 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Silicom in the first quarter valued at $151,000. GSA Capital Partners LLP lifted its stake in shares of 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, Susquehanna International Group LLP bought a new position in shares of Silicom in the third quarter valued at $277,000. 52.85% of the stock is owned by institutional investors.

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.