Silicom Ltd (NASDAQ:SILC - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.
Analyst Ratings Changes
Separately, Needham & Company LLC reaffirmed a "hold" rating on shares of Silicom in a research note on Tuesday, April 29th.
Get Our Latest Analysis on SILC
Silicom Trading Up 3.9%
The firm has a market capitalization of $88.40 million, a PE ratio of -8.04 and a beta of 0.94. The firm has a 50-day moving average of $14.75 and a two-hundred day moving average of $15.39.
Institutional Trading of Silicom
A number of institutional investors and hedge funds have recently bought and sold shares of SILC. Goldman Sachs Group Inc. acquired a new position in Silicom during the first quarter valued at approximately $151,000. Worth Venture Partners LLC raised 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 valued at $1,371,000 after acquiring an additional 12,662 shares during the period. Systematic Financial Management LP lifted its holdings in shares of Silicom by 0.4% during the 1st quarter. Systematic Financial Management LP now owns 512,229 shares of the technology company's stock valued at $7,622,000 after acquiring an additional 1,872 shares in the last quarter. First Wilshire Securities Management Inc. boosted its position in Silicom by 0.7% during the 1st quarter. First Wilshire Securities Management Inc. now owns 393,483 shares of the technology company's stock worth $5,855,000 after purchasing an additional 2,783 shares during the period. Finally, Acuitas Investments LLC boosted its position in Silicom by 8.9% during the 1st quarter. Acuitas Investments LLC now owns 113,720 shares of the technology company's stock worth $1,692,000 after purchasing an additional 9,341 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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