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

Silicom Ltd (NASDAQ:SILC)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.97 and traded as high as $23.10. Silicom shares last traded at $22.60, with a volume of 137,873 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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.com, Silicom presently has an average rating of “Reduce”.

Silicom Stock Up 13.6%

The stock has a fifty day moving average price of $18.91 and a two-hundred day moving average price of $16.97. The company has a market capitalization of $128.14 million, a price-to-earnings ratio of -11.24 and a beta of 1.02.

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

Hedge Funds Weigh In On Silicom

Institutional investors and hedge funds have recently modified their holdings of the company. Hudson Bay Capital Management LP purchased a new stake in Silicom in the 4th quarter worth approximately $3,306,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Silicom in the fourth quarter valued at $2,639,000. Systematic Financial Management LP increased its stake in Silicom by 3.5% in the second quarter. Systematic Financial Management LP now owns 530,368 shares of the technology company’s stock valued at $8,203,000 after purchasing an additional 18,139 shares during the last quarter. Susquehanna International Group LLP purchased a new position in Silicom during the third quarter worth about $277,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Silicom in the 1st quarter worth about $151,000. Hedge funds and other 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.