Silicom (NASDAQ:SILC) Stock Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Silicom Ltd (NASDAQ:SILC) shares recently crossed above their 200-day moving average of $15.23, reaching a high of $18.96 before trading at $18.60.
• Institutional investors own approximately 52.85% of Silicom's stock, with notable acquisitions made by Bank of America and Goldman Sachs.
• The company's market capitalization stands at $105.46 million and it has a price-to-earnings ratio of -8.16.

Silicom Ltd (NASDAQ:SILC - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.23 and traded as high as $18.96. Silicom shares last traded at $18.60, with a volume of 12,530 shares changing hands.

Silicom Stock Performance

The company's 50-day simple moving average is $16.42 and its 200-day simple moving average is $15.30. The company has a market capitalization of $95.94 million, a PE ratio of -7.42 and a beta of 0.97.

Institutional Trading of Silicom

A number of hedge funds have recently added to or reduced their stakes in SILC. Northern Trust Corp acquired a new stake in Silicom during the 4th quarter worth approximately $1,050,000. Systematic Financial Management LP increased its stake in Silicom by 3.5% in the 2nd quarter. Systematic Financial Management LP now owns 530,368 shares of the technology company's stock valued at $8,203,000 after buying an additional 18,139 shares during the period. Worth Venture Partners LLC increased its stake in Silicom by 15.9% in the 1st quarter. Worth Venture Partners LLC now owns 92,139 shares of the technology company's stock valued at $1,371,000 after buying an additional 12,662 shares during the period. Goldman Sachs Group Inc. acquired a new position in Silicom in the 1st quarter valued at $151,000. Finally, Acuitas Investments LLC increased its stake in Silicom by 8.9% in the 1st quarter. Acuitas Investments LLC now owns 113,720 shares of the technology company's stock valued at $1,692,000 after buying an additional 9,341 shares during the period. 52.85% of the stock is 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.