Silicom (NASDAQ:SILC) Stock Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Silicom Ltd's share price has crossed above its 200-day moving average of $15.19, reaching a trading high of $16.40.
• The company currently has a market cap of $91.63 million and a P/E ratio of -7.09, indicating potential investor interest despite its negative earnings.
• Institutional investors have shown increasing support, with entities like Systematic Financial Management LP and Worth Venture Partners LLC boosting their stakes in the company.

Silicom Ltd (NASDAQ:SILC - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.19 and traded as high as $16.40. Silicom shares last traded at $16.16, with a volume of 10,632 shares.

Silicom Price Performance

The stock's fifty day moving average price is $15.90 and its 200 day moving average price is $15.20. The stock has a market capitalization of $94.55 million, a P/E ratio of -7.31 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. Systematic Financial Management LP lifted its position in shares of Silicom by 3.5% during the second 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 last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Silicom during the first quarter valued at about $151,000. Worth Venture Partners LLC lifted its position in shares of Silicom by 15.9% during the first 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 last quarter. First Wilshire Securities Management Inc. lifted its position in shares of Silicom by 0.7% during the first quarter. First Wilshire Securities Management Inc. now owns 393,483 shares of the technology company's stock valued at $5,855,000 after buying an additional 2,783 shares during the last quarter. Finally, Acuitas Investments LLC lifted its position in shares of Silicom by 8.9% during the first 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 last quarter. 52.85% of the stock is owned by hedge funds and other institutional investors.

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.