Silicom (NASDAQ:SILC) Shares Cross Above 200-Day Moving Average - Should You Sell?

Key Points

• Silicom Ltd shares have crossed above their 200-day moving average, trading at $17.59 as of the latest data, compared to a 200-day average of $15.61.
• Research firms have mixed ratings on Silicom, with one upgrade to "hold" and a "sell" rating from another, leading to a consensus rating of "Reduce."
• Large institutional investors have increased their stakes in Silicom, with ownership now at 52.85% among these investors, reflecting increased interest in the stock.

Silicom Ltd (NASDAQ:SILC - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.61 and traded as high as $17.80. Silicom shares last traded at $17.59, with a volume of 14,034 shares traded.

Analysts Set New Price Targets

Several research firms recently weighed in on SILC. Wall Street Zen upgraded Silicom to a "hold" rating in a research note on Friday, October 3rd. Weiss Ratings reissued a "sell (d-)" rating on shares of Silicom in a research note on Tuesday. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce".

Silicom Trading Up 3.8%

The firm has a market capitalization of $99.81 million, a PE ratio of -7.71 and a beta of 0.95. The firm has a 50 day simple moving average of $16.98 and a 200 day simple moving average of $15.61.

Institutional Trading of Silicom

A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE purchased a new stake in Silicom in the fourth quarter worth approximately $29,000. Goldman Sachs Group Inc. purchased a new position in shares of Silicom in the 1st quarter worth $151,000. Worth Venture Partners LLC boosted its stake 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 worth $1,371,000 after buying an additional 12,662 shares during the last quarter. Acuitas Investments LLC boosted its stake in shares of Silicom by 8.9% in 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. Finally, First Wilshire Securities Management Inc. boosted its stake in shares of Silicom by 0.7% in 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 during the last quarter. 52.85% of the stock is currently owned by institutional investors.

About Silicom

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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