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

Silicom Ltd (NASDAQ:SILC)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.35 and traded as high as $20.24. Silicom shares last traded at $20.24, with a volume of 23,994 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Silicom in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Silicom Stock Up 3.7%

The stock’s 50-day moving average price is $16.27 and its 200-day moving average price is $16.35. The company has a market capitalization of $114.76 million, a price-to-earnings ratio of -10.07 and a beta of 1.06.

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

Hedge Funds Weigh In On Silicom

Several hedge funds have recently added to or reduced their stakes in SILC. Bank of America Corp DE bought a new stake in Silicom during the 4th quarter worth about $29,000. Goldman Sachs Group Inc. acquired a new stake in shares of Silicom during the 1st quarter worth approximately $151,000. Systematic Financial Management LP grew its position in shares of Silicom by 3.5% during the 2nd quarter. Systematic Financial Management LP now owns 530,368 shares of the technology company’s stock worth $8,203,000 after buying an additional 18,139 shares during the period. GSA Capital Partners LLP raised its stake in shares of Silicom by 19.2% during the third quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company’s stock worth $260,000 after buying an additional 2,361 shares during the last quarter. Finally, Citadel Advisors LLC lifted its holdings in Silicom by 7.3% in the third quarter. Citadel Advisors LLC now owns 16,492 shares of the technology company’s stock valued at $292,000 after buying an additional 1,117 shares during the period. Institutional investors 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.