Silicom Ltd (NASDAQ:SILC - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $15.33 and traded as high as $17.06. Silicom shares last traded at $16.59, with a volume of 22,133 shares.
Wall Street Analysts Forecast Growth
Separately, Needham & Company LLC reissued a "hold" rating on shares of Silicom in a research note on Tuesday, April 29th.
Get Our Latest Research Report on Silicom
Silicom Trading Up 0.7%
The firm's 50 day moving average is $15.55 and its two-hundred day moving average is $15.30. The firm has a market cap of $90.59 million, a P/E ratio of -7.02 and a beta of 0.93.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of SILC. Bank of America Corp DE bought a new position in Silicom in the fourth quarter valued at approximately $29,000. Goldman Sachs Group Inc. bought a new position in Silicom in the first quarter valued at approximately $151,000. Northern Trust Corp bought a new position in Silicom in the fourth quarter valued at approximately $1,050,000. Worth Venture Partners LLC lifted its stake 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 in the last quarter. Finally, Acuitas Investments LLC lifted its stake 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 buying an additional 9,341 shares in the last quarter. 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.
Further Reading
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