Silicom (NASDAQ:SILC) Share Price Passes Above 200 Day Moving Average – Here’s Why

Silicom Ltd (NASDAQ:SILC) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.64 and traded as high as $20.43. Silicom shares last traded at $18.88, with a volume of 111,162 shares.

Analysts Set New Price Targets

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

Silicom Trading Down 7.0%

The business has a 50-day moving average price of $17.61 and a 200-day moving average price of $16.64. The firm has a market cap of $107.05 million, a P/E ratio of -9.39 and a beta of 1.02.

Silicom (NASDAQ:SILC) last released its quarterly earnings data on Thursday, January 29th. The technology company reported ($0.34) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $16.91 million during the quarter, compared to the consensus estimate of $15.65 million.

Institutional Trading of Silicom

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hudson Bay Capital Management LP bought a new stake in shares of Silicom in the 4th quarter valued at about $3,306,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in Silicom in the fourth quarter valued at approximately $2,639,000. Systematic Financial Management LP boosted 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 acquiring an additional 18,139 shares in the last quarter. Susquehanna International Group LLP purchased a new position in Silicom in the third quarter worth $277,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Silicom during the first quarter worth $151,000. Institutional investors own 52.85% of the company’s stock.

About Silicom

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.