Silicom (NASDAQ:SILC) Stock Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Silicom Ltd's stock recently surpassed its two hundred day moving average, trading as high as $18.61 and closing at $16.50.
• Analysts from Needham & Company have maintained a "hold" rating on Silicom shares, indicating a cautious outlook on the stock's performance.
• Institutional investors hold 52.85% of Silicom's stock, with significant new investments from firms like Bank of America and Goldman Sachs in recent quarters.

Silicom Ltd (NASDAQ:SILC - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $15.34 and traded as high as $18.61. Silicom shares last traded at $16.50, with a volume of 135,237 shares changing hands.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC restated a "hold" rating on shares of Silicom in a report on Tuesday, April 29th.

Silicom Stock Up 7.6%

The company's fifty day simple moving average is $15.26 and its two-hundred day simple moving average is $15.34. The company has a market capitalization of $93.56 million, a price-to-earnings ratio of -8.51 and a beta of 0.93.

Institutional Investors Weigh In On Silicom

Several hedge funds have recently bought and sold shares of SILC. Bank of America Corp DE acquired a new stake in Silicom in the fourth quarter worth $29,000. Goldman Sachs Group Inc. acquired a new stake in Silicom in the first quarter worth $151,000. Arrowstreet Capital Limited Partnership acquired a new stake in Silicom in the fourth quarter worth $266,000. Northern Trust Corp acquired a new stake in Silicom in the fourth quarter worth $1,050,000. Finally, Worth Venture Partners LLC raised its holdings in 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 purchasing an additional 12,662 shares during the period. 52.85% of the stock is currently owned by institutional investors and hedge funds.

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.

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