Silicom (NASDAQ:SILC) Shares Pass Above 200 Day Moving Average of $16.27

Silicom Ltd. (NASDAQ:SILCGet Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.27 and traded as high as $16.77. Silicom shares last traded at $16.04, with a volume of 17,200 shares.

Analyst Ratings Changes

Several research analysts have recently weighed in on SILC shares. StockNews.com cut shares of Silicom from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. TheStreet cut shares of Silicom from a “c-” rating to a “d” rating in a research note on Friday, February 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $20.00 price target on shares of Silicom in a report on Friday, May 3rd.

View Our Latest Report on Silicom

Silicom Stock Down 1.3 %

The stock has a 50-day simple moving average of $15.81 and a 200 day simple moving average of $16.27. The company has a market cap of $108.43 million, a PE ratio of -10.22 and a beta of 1.03.

Silicom (NASDAQ:SILCGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The technology company reported ($0.55) earnings per share (EPS) for the quarter. The company had revenue of $14.37 million during the quarter. Silicom had a negative net margin of 9.80% and a negative return on equity of 5.97%.

Hedge Funds Weigh In On Silicom

Several large investors have recently made changes to their positions in SILC. First Wilshire Securities Management Inc. increased its holdings in Silicom by 10.5% in the 3rd quarter. First Wilshire Securities Management Inc. now owns 665,894 shares of the technology company’s stock valued at $17,380,000 after purchasing an additional 63,070 shares during the last quarter. Kent Lake Capital LLC grew its stake in shares of 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 buying an additional 15,000 shares in the last quarter. ARK Investment Management LLC raised its holdings in shares of Silicom by 39.3% in the 4th quarter. ARK Investment Management LLC now owns 79,319 shares of the technology company’s stock valued at $1,436,000 after buying an additional 22,371 shares during the period. Foundry Partners LLC lifted its stake in Silicom by 35.8% during the 3rd quarter. Foundry Partners LLC now owns 62,650 shares of the technology company’s stock worth $1,635,000 after acquiring an additional 16,520 shares in the last quarter. Finally, Isthmus Partners LLC lifted its stake in Silicom by 16.9% during the 4th quarter. Isthmus Partners LLC now owns 61,052 shares of the technology company’s stock worth $1,105,000 after acquiring an additional 8,806 shares in the last quarter. 52.85% of the stock is currently owned by institutional investors and hedge funds.

Silicom Company Profile

(Get Free Report)

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.

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