Silicom (NASDAQ:SILC) Stock Passes Above 200-Day Moving Average – Should You Sell?

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 $14.12 and traded as high as $17.61. Silicom shares last traded at $17.26, with a volume of 41,644 shares changing hands.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC assumed coverage on shares of Silicom in a report on Monday, November 4th. They issued a “hold” rating for the company.

Silicom Stock Performance

The stock has a market cap of $118.64 million, a P/E ratio of -5.85 and a beta of 0.96. The firm has a 50-day moving average price of $14.86 and a 200-day moving average price of $14.14.

Institutional Investors Weigh In On Silicom

A hedge fund recently raised its stake in Silicom stock. Acadian Asset Management LLC increased its stake in Silicom Ltd. (NASDAQ:SILC) by 59.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,370 shares of the technology company’s stock after buying an additional 5,749 shares during the period. Acadian Asset Management LLC owned 0.23% of Silicom worth $228,000 as of its most recent filing with the Securities & Exchange Commission. 52.85% of the stock is owned by institutional investors and hedge funds.

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.