Silicom Ltd (NASDAQ:SILC - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $15.44 and traded as high as $15.97. Silicom shares last traded at $15.69, with a volume of 34,489 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Needham & Company LLC restated a "hold" rating on shares of Silicom in a research note on Tuesday, April 29th.
Get Our Latest Stock Analysis on Silicom
Silicom Stock Performance
The company has a market cap of $87.60 million, a P/E ratio of -7.96 and a beta of 0.93. The firm's fifty day moving average is $15.11 and its two-hundred day moving average is $15.42.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE bought a new position in shares of Silicom during the 4th quarter valued at about $29,000. Systematic Financial Management LP raised its position in shares of Silicom by 0.4% during the 1st quarter. Systematic Financial Management LP now owns 512,229 shares of the technology company's stock valued at $7,622,000 after buying an additional 1,872 shares in the last quarter. First Wilshire Securities Management Inc. raised its position in shares of Silicom by 0.7% during the 1st 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 in the last quarter. Acuitas Investments LLC raised its position in shares of Silicom by 8.9% during 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 in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Silicom during the 1st quarter valued at about $151,000. Institutional investors own 52.85% of the company's stock.
Silicom Company Profile
(
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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