Silicom (NASDAQ:SILC) Share Price Crosses Above Two Hundred Day Moving Average of $31.38

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Silicom Ltd. (NASDAQ:SILC)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.38 and traded as high as $32.90. Silicom shares last traded at $32.90, with a volume of 861 shares trading hands.

A number of analysts recently weighed in on SILC shares. BidaskClub downgraded shares of Silicom from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. TheStreet upgraded shares of Silicom from a “c” rating to a “b-” rating in a research report on Tuesday, October 29th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Silicom in a research report on Tuesday, November 12th.

The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.80 and a current ratio of 5.70. The stock has a market capitalization of $244.87 million, a price-to-earnings ratio of 13.92 and a beta of 0.66. The firm’s fifty day simple moving average is $32.49 and its 200 day simple moving average is $31.38.

Silicom (NASDAQ:SILC) last announced its earnings results on Thursday, October 31st. The technology company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.27 by $0.07. The firm had revenue of $24.10 million for the quarter, compared to the consensus estimate of $23.62 million. Silicom had a net margin of 14.12% and a return on equity of 10.91%. The business’s quarterly revenue was down 22.5% on a year-over-year basis. During the same period last year, the company posted $0.62 EPS.

A number of hedge funds have recently made changes to their positions in SILC. Janus Henderson Group PLC raised its holdings in Silicom by 36.8% during the 2nd quarter. Janus Henderson Group PLC now owns 386,378 shares of the technology company’s stock worth $12,631,000 after buying an additional 103,954 shares during the period. Acadian Asset Management LLC raised its holdings in Silicom by 17.0% during the 2nd quarter. Acadian Asset Management LLC now owns 63,421 shares of the technology company’s stock worth $2,058,000 after buying an additional 9,224 shares during the period. Pointe Capital Management LLC acquired a new stake in Silicom during the 2nd quarter worth approximately $294,000. Russell Investments Group Ltd. grew its stake in shares of Silicom by 285.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,031 shares of the technology company’s stock worth $98,000 after acquiring an additional 2,245 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. grew its stake in shares of Silicom by 21.3% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 313,949 shares of the technology company’s stock worth $10,263,000 after acquiring an additional 55,054 shares in the last quarter. Hedge funds and other institutional investors own 43.01% of the company’s stock.

Silicom Company Profile (NASDAQ:SILC)

Silicom Ltd., together with its subsidiaries, designs, manufactures, markets, and supports networking and data infrastructure solutions for a range of servers, server based systems, and communications devices in North America, Europe, and the Asia Pacific. It offers server network interface cards with and without bypass for the server networking industry.

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