Silicom (NASDAQ:SILC) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Silicom Ltd. (NASDAQ:SILC) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.96 and traded as high as $15.25. Silicom shares last traded at $14.78, with a volume of 17,286 shares.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reissued a “hold” rating on shares of Silicom in a report on Monday, February 3rd.

Silicom Stock Down 1.5 %

The company has a market capitalization of $99.85 million, a price-to-earnings ratio of -7.39 and a beta of 0.98. The stock’s 50-day simple moving average is $16.46 and its two-hundred day simple moving average is $14.96.

Silicom (NASDAQ:SILC) last released its earnings results on Thursday, January 30th. The technology company reported ($0.76) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.44). Silicom had a negative return on equity of 8.83% and a negative net margin of 20.66%.

Institutional Investors Weigh In On Silicom

Large investors have recently modified their holdings of the business. GSA Capital Partners LLP grew its position in shares of Silicom by 89.6% in the third quarter. GSA Capital Partners LLP now owns 27,482 shares of the technology company’s stock valued at $377,000 after purchasing an additional 12,990 shares in the last quarter. Acuitas Investments LLC grew its holdings in shares of Silicom by 44.2% in the fourth quarter. Acuitas Investments LLC now owns 104,379 shares of the technology company’s stock valued at $1,702,000 after purchasing an additional 31,990 shares in the last quarter. Bank of America Corp DE acquired a new stake in Silicom in the 4th quarter valued at about $29,000. Northern Trust Corp purchased a new stake in shares of Silicom during the 4th quarter worth $1,050,000. Finally, Systematic Financial Management LP boosted its position in shares of Silicom by 4.2% during the 4th quarter. Systematic Financial Management LP now owns 510,357 shares of the technology company’s stock worth $8,324,000 after acquiring an additional 20,727 shares in the last quarter. Hedge funds and other institutional investors own 52.85% of the company’s stock.

About Silicom

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.