Silicom Ltd (NASDAQ:SILC - Get Free Report)'s stock price passed 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 traded.
Analyst Ratings Changes
Separately, Needham & Company LLC restated a "hold" rating on shares of Silicom in a research note on Tuesday, April 29th.
Check Out Our Latest Stock Analysis on Silicom
Silicom Stock Performance
The company has a market capitalization of $88.96 million, a P/E ratio of -8.09 and a beta of 0.93. The firm's fifty day moving average is $15.08 and its 200 day moving average is $15.44.
Hedge Funds Weigh In On Silicom
Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE bought a new stake in shares of Silicom in the 4th quarter valued at about $29,000. Systematic Financial Management LP increased 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 valued at $7,622,000 after buying an additional 1,872 shares during the period. First Wilshire Securities Management Inc. raised its stake in Silicom by 0.7% in the first 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 lifted its holdings in Silicom by 8.9% during the first 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 period. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Silicom in the 1st quarter valued at $151,000. 52.85% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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.
