Silicom (NASDAQ:SILC) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Silicom Ltd. (NASDAQ:SILC) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.49 and traded as high as $14.51. Silicom shares last traded at $14.42, with a volume of 30,527 shares traded.

Wall Street Analyst Weigh In

Several analysts have commented on SILC shares. Needham & Company LLC initiated coverage on Silicom in a report on Monday, November 4th. They issued a “hold” rating for the company. StockNews.com raised shares of Silicom from a “sell” rating to a “hold” rating in a research report on Saturday, August 31st.

Silicom Stock Performance

The company has a market capitalization of $97.15 million, a PE ratio of -4.79 and a beta of 1.04. The business has a fifty day moving average price of $13.52 and a 200 day moving average price of $14.48.

Hedge Funds Weigh In On Silicom

A number of hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP grew its holdings in Silicom by 89.6% during the 3rd 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. Acadian Asset Management LLC grew its stake in shares of Silicom by 59.8% during the second quarter. Acadian Asset Management LLC now owns 15,370 shares of the technology company’s stock valued at $228,000 after acquiring an additional 5,749 shares in the last quarter. Kent Lake Capital LLC boosted its holdings in Silicom by 5.0% in the first quarter. Kent Lake Capital LLC now owns 315,000 shares of the technology company’s stock valued at $4,678,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Silicom during the 1st quarter valued at approximately $256,000. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Silicom Company 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.