Silicom Ltd. (NASDAQ:SILC - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.12 and traded as high as $15.49. Silicom shares last traded at $14.91, with a volume of 12,849 shares changing hands.
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 Analysis on Silicom
Silicom Trading Up 2.7%
The firm has a fifty day simple moving average of $14.36 and a 200 day simple moving average of $15.17. The stock has a market cap of $87.71 million, a price-to-earnings ratio of -7.70 and a beta of 0.93.
Hedge Funds Weigh In On Silicom
Large investors have recently added to or reduced their stakes in the company. Acuitas Investments LLC grew 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 valued at $1,692,000 after purchasing an additional 9,341 shares during the period. Systematic Financial Management LP grew its stake in shares of Silicom by 4.2% in the 4th quarter. Systematic Financial Management LP now owns 510,357 shares of the technology company's stock valued at $8,324,000 after purchasing an additional 20,727 shares during the period. Bank of America Corp DE bought a new stake in shares of Silicom in the 4th quarter valued at approximately $29,000. Northern Trust Corp bought a new stake in shares of Silicom in the 4th quarter valued at approximately $1,050,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Silicom in the 4th quarter valued at approximately $266,000. 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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