Shares of Silicom Ltd. (NASDAQ:SILC - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.19 and traded as high as $15.73. Silicom shares last traded at $15.73, with a volume of 5,720 shares traded.
Analyst Ratings Changes
Separately, Needham & Company LLC reiterated a "hold" rating on shares of Silicom in a research report on Tuesday, April 29th.
Check Out Our Latest Research Report on SILC
Silicom Price Performance
The stock has a market capitalization of $85.99 million, a PE ratio of -7.58 and a beta of 0.93. The company's 50 day moving average price is $14.38 and its two-hundred day moving average price is $15.26.
Hedge Funds Weigh In On Silicom
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SILC. Northern Trust Corp acquired a new position in shares of Silicom during the 4th quarter valued at about $1,050,000. Acuitas Investments LLC lifted its stake in Silicom by 44.2% during the 4th quarter. Acuitas Investments LLC now owns 104,379 shares of the technology company's stock worth $1,702,000 after acquiring an additional 31,990 shares in the last quarter. Systematic Financial Management LP grew its stake in shares of Silicom by 4.2% in the fourth quarter. Systematic Financial Management LP now owns 510,357 shares of the technology company's stock worth $8,324,000 after acquiring an additional 20,727 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Silicom in the 4th quarter valued at about $266,000. Finally, Worth Venture Partners LLC increased its holdings in Silicom by 15.9% in 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. Institutional investors and hedge funds own 52.85% of the company's stock.
About Silicom
(
Get Free Report)
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.
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