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

Key Points

• Silicom Ltd (NASDAQ:SILC) has crossed above its 200-day moving average, trading as high as $16.49, with a last trading price of $15.74.
• Needham & Company LLC has reaffirmed a "hold" rating on Silicom shares, indicating cautious sentiment among analysts.
• 52.85% of Silicom's stock is owned by institutional investors, highlighting significant interest from hedge funds and other investment groups.

Silicom Ltd (NASDAQ:SILC - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.25 and traded as high as $16.49. Silicom shares last traded at $15.74, with a volume of 6,251 shares trading hands.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reaffirmed a "hold" rating on shares of Silicom in a research report on Tuesday, April 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Silicom currently has an average rating of "Hold".

Silicom Trading Up 0.8%

The firm has a fifty day moving average of $15.70 and a two-hundred day moving average of $15.22. The company has a market cap of $87.83 million, a PE ratio of -6.79 and a beta of 0.93.

Institutional Investors Weigh In On Silicom

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE purchased a new stake in Silicom in the 4th quarter worth about $29,000. Goldman Sachs Group Inc. purchased a new stake in Silicom in the 1st quarter worth about $151,000. Northern Trust Corp purchased a new stake in Silicom in the 4th quarter worth about $1,050,000. Worth Venture Partners LLC increased its holdings in 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 acquiring an additional 12,662 shares during the last quarter. Finally, Acuitas Investments LLC grew its holdings in Silicom by 8.9% during the 1st quarter. Acuitas Investments LLC now owns 113,720 shares of the technology company's stock valued at $1,692,000 after buying an additional 9,341 shares in the last quarter. Hedge funds and other 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.