Silicom (NASDAQ:SILC) Share Price Passes Above 200 Day Moving Average – What’s Next?

Silicom Ltd. (NASDAQ:SILC) shares crossed 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.

Analyst Ratings Changes

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

Silicom Price Performance

The company has a 50-day moving average of $14.86 and a 200 day moving average of $14.14. The company has a market cap of $118.64 million, a PE ratio of -5.85 and a beta of 0.96.

Hedge Funds Weigh In On Silicom

An institutional investor recently raised its position in Silicom stock. GSA Capital Partners LLP increased its stake in Silicom Ltd. (NASDAQ:SILC) by 89.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,482 shares of the technology company’s stock after buying an additional 12,990 shares during the quarter. GSA Capital Partners LLP owned about 0.41% of Silicom worth $377,000 as of its most recent SEC filing. 52.85% of the stock is currently 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.