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 $15.39 and traded as high as $15.57. Silicom shares last traded at $15.00, with a volume of 24,934 shares traded.
Wall Street Analysts Forecast Growth
Separately, Needham & Company LLC reaffirmed a "hold" rating on shares of Silicom in a report on Tuesday, April 29th.
Check Out Our Latest Stock Analysis on Silicom
Silicom Price Performance
The stock has a market cap of $88.91 million, a price-to-earnings ratio of -8.08 and a beta of 0.94. The business's fifty day simple moving average is $14.83 and its 200 day simple moving average is $15.43.
Hedge Funds Weigh In On Silicom
Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE acquired a new position in shares of Silicom during the fourth quarter valued at $29,000. Goldman Sachs Group Inc. acquired a new position in shares of Silicom during the first quarter valued at $151,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Silicom during the fourth quarter valued at $266,000. Northern Trust Corp acquired a new position in shares of Silicom during the fourth quarter valued at $1,050,000. Finally, Worth Venture Partners LLC boosted its holdings in shares of Silicom by 15.9% during the first quarter. Worth Venture Partners LLC now owns 92,139 shares of the technology company's stock valued at $1,371,000 after acquiring an additional 12,662 shares during the period. Institutional investors and hedge funds 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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