Silicom (NASDAQ:SILC) Shares Pass Above 200 Day Moving Average – Time to Sell?

Silicom Ltd (NASDAQ:SILC) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $17.11 and traded as high as $22.22. Silicom shares last traded at $22.18, with a volume of 18,698 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Silicom in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.

Silicom Price Performance

The firm’s 50 day simple moving average is $19.66 and its 200 day simple moving average is $17.13. The company has a market cap of $125.76 million, a price-to-earnings ratio of -11.03 and a beta of 0.98.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC raised its stake in shares of Silicom by 33.8% during the fourth quarter. Barclays PLC now owns 3,670 shares of the technology company’s stock valued at $54,000 after purchasing an additional 927 shares in the last quarter. Hudson Bay Capital Management LP bought a new position in Silicom in the 4th quarter valued at about $3,306,000. Goldman Sachs Group Inc. increased its stake in Silicom by 15.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 13,155 shares of the technology company’s stock valued at $193,000 after buying an additional 1,751 shares during the period. Nano Cap New Millennium Growth Fund L P acquired a new position in Silicom during the 4th quarter valued at about $2,639,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Silicom during the 3rd quarter worth about $277,000. 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.