Silicom Ltd (NASDAQ:SILC - Get Free Report) 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 changing hands.
Wall Street Analyst Weigh In
Separately, Needham & Company LLC restated a "hold" rating on shares of Silicom in a research note on Tuesday, April 29th.
Read Our Latest Stock Analysis on SILC
Silicom Price Performance
The firm has a market capitalization of $87.66 million, a price-to-earnings ratio of -7.96 and a beta of 0.93. The firm has a 50 day moving average price of $15.11 and a 200-day moving average price of $15.44.
Hedge Funds Weigh In On Silicom
Large investors have recently bought and sold shares of the business. Systematic Financial Management LP grew its holdings in shares of 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% in 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 purchasing an additional 2,783 shares during the period. Acuitas Investments LLC lifted its position in Silicom by 8.9% in the first quarter. Acuitas Investments LLC now owns 113,720 shares of the technology company's stock valued at $1,692,000 after purchasing an additional 9,341 shares during the period. Worth Venture Partners LLC lifted its position 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 purchasing an additional 12,662 shares during the period. Finally, Northern Trust Corp acquired a new stake in shares of Silicom during the 4th quarter valued at approximately $1,050,000. Hedge funds and other institutional investors 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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