Silicom Ltd (NASDAQ:SILC - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-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 changing hands.
Analyst Ratings Changes
Separately, Needham & Company LLC reaffirmed a "hold" rating on shares of Silicom in a report on Tuesday, April 29th.
View Our Latest Stock Report on Silicom
Silicom Price Performance
The firm has a market capitalization of $89.28 million, a PE ratio of -6.90 and a beta of 0.93. The company's fifty day simple moving average is $15.66 and its 200 day simple moving average is $15.25.
Institutional Investors Weigh In On Silicom
Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE purchased a new stake in shares of Silicom in the fourth quarter worth about $29,000. Goldman Sachs Group Inc. purchased a new stake in shares of Silicom in the first quarter worth about $151,000. Northern Trust Corp purchased a new stake in shares of Silicom in the fourth quarter worth about $1,050,000. Worth Venture Partners LLC lifted its holdings in shares of Silicom by 15.9% in the first quarter. Worth Venture Partners LLC now owns 92,139 shares of the technology company's stock worth $1,371,000 after buying an additional 12,662 shares in the last quarter. Finally, Acuitas Investments LLC lifted its holdings in shares of Silicom by 8.9% in the first quarter. Acuitas Investments LLC now owns 113,720 shares of the technology company's stock worth $1,692,000 after buying an additional 9,341 shares in the last quarter. 52.85% of the stock is owned by hedge funds and other institutional investors.
Silicom Company Profile
(
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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