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

Silicom Ltd (NASDAQ:SILC)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $25.46 and traded as high as $47.16. Silicom shares last traded at $44.96, with a volume of 107,327 shares.

Silicom Stock Down 5.4%

The company has a market capitalization of $222.58 million, a P/E ratio of -20.20 and a beta of 1.58. The stock has a fifty day simple moving average of $40.34 and a 200-day simple moving average of $25.81.

Silicom (NASDAQ:SILC) last issued its earnings results on Thursday, April 30th. The technology company reported ($0.25) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.11. The company had revenue of $19.10 million for the quarter, compared to the consensus estimate of $16.97 million. Silicom had a negative net margin of 16.57% and a negative return on equity of 9.30%.

Insider Activity

In other news, CEO Liron Eizenman sold 8,900 shares of Silicom stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $45.23, for a total value of $402,547.00. Following the completion of the transaction, the chief executive officer owned 15,500 shares in the company, valued at approximately $701,065. The trade was a 36.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP David Castiel sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $48.00, for a total value of $96,000.00. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 29,438 shares of company stock valued at $1,334,244. Corporate insiders own 25.38% of the company’s stock.

Hedge Funds Weigh In On Silicom

Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE acquired a new position in Silicom in the fourth quarter worth $29,000. Barclays PLC increased its stake in shares of Silicom by 33.8% in the fourth quarter. Barclays PLC now owns 3,670 shares of the technology company’s stock valued at $54,000 after buying an additional 927 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Silicom in the first quarter valued at about $151,000. GSA Capital Partners LLP raised its holdings in shares of Silicom by 19.2% in the third quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company’s stock valued at $260,000 after buying an additional 2,361 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new position in 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.