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

Silicom Ltd (NASDAQ:SILC - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.50 and traded as high as $17.64. Silicom shares last traded at $17.56, with a volume of 25,700 shares changing hands.

Analyst Ratings Changes

Several brokerages recently issued reports on SILC. Wall Street Zen upgraded Silicom to a "hold" rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a "sell (e+)" rating on shares of Silicom in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce".

Silicom Stock Performance

The stock's fifty day moving average price is $16.85 and its two-hundred day moving average price is $15.50. The company has a market cap of $99.57 million, a P/E ratio of -7.70 and a beta of 0.95.

Hedge Funds Weigh In On Silicom

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Systematic Financial Management LP lifted its stake in shares of Silicom by 3.5% in the 2nd quarter. Systematic Financial Management LP now owns 530,368 shares of the technology company's stock valued at $8,203,000 after acquiring an additional 18,139 shares during the last quarter. First Wilshire Securities Management Inc. raised 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 last quarter. Acuitas Investments LLC raised 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 last quarter. Worth Venture Partners LLC raised 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 last quarter. Finally, Goldman Sachs Group Inc. bought a new position in Silicom in the 1st quarter valued at approximately $151,000. Institutional investors own 52.85% of the company's stock.

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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