Silicom Ltd (NASDAQ:SILC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.
Analysts Set New Price Targets
Separately, Needham & Company LLC reaffirmed a "hold" rating on shares of Silicom in a research note on Tuesday, April 29th.
Read Our Latest Research Report on SILC
Silicom Stock Down 1.0%
The business's fifty day moving average is $15.08 and its two-hundred day moving average is $15.44. The firm has a market cap of $88.06 million, a price-to-earnings ratio of -8.01 and a beta of 0.93.
Institutional Trading of Silicom
A number of institutional investors have recently modified their holdings of the company. Systematic Financial Management LP boosted its holdings in Silicom by 0.4% during the first quarter. Systematic Financial Management LP now owns 512,229 shares of the technology company's stock worth $7,622,000 after purchasing an additional 1,872 shares during the last quarter. First Wilshire Securities Management Inc. lifted its position in Silicom by 0.7% during the 1st quarter. First Wilshire Securities Management Inc. now owns 393,483 shares of the technology company's stock worth $5,855,000 after buying an additional 2,783 shares in the last quarter. Acuitas Investments LLC boosted its stake 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 worth $1,692,000 after buying an additional 9,341 shares during the last quarter. Worth Venture Partners LLC grew its holdings in shares of 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 acquiring an additional 12,662 shares in the last quarter. Finally, Northern Trust Corp acquired a new stake in shares of Silicom in the fourth quarter valued at about $1,050,000. 52.85% of the stock is currently owned by institutional investors.
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.
See Also
Before you consider Silicom, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Silicom wasn't on the list.
While Silicom currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
