Silicom (NASDAQ:SILC) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Silicom Ltd. (NASDAQ:SILC) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.38 and traded as high as $17.32. Silicom shares last traded at $16.85, with a volume of 5,817 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC restated a “hold” rating on shares of Silicom in a research report on Monday, February 3rd.

Silicom Stock Performance

The company has a market capitalization of $113.84 million, a PE ratio of -8.43 and a beta of 0.98. The firm’s 50-day simple moving average is $16.21 and its 200 day simple moving average is $14.38.

Silicom (NASDAQ:SILC) last issued its earnings results on Thursday, January 30th. The technology company reported ($0.76) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.44). Silicom had a negative return on equity of 8.83% and a negative net margin of 20.66%.

Institutional Investors Weigh In On Silicom

A hedge fund recently raised its stake in Silicom stock. Acuitas Investments LLC raised its position in Silicom Ltd. (NASDAQ:SILC) by 44.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,379 shares of the technology company’s stock after purchasing an additional 31,990 shares during the period. Acuitas Investments LLC owned about 1.54% of Silicom worth $1,702,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 52.85% of the company’s stock.

About Silicom

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.