Silicom (NASDAQ:SILC) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

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.

Shares of Silicom Ltd (NASDAQ:SILC - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 trading hands.

Analysts Set New Price Targets

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

Silicom Stock Performance

The stock has a fifty day simple moving average of $15.37 and a 200-day simple moving average of $15.32. The stock has a market cap of $92.28 million, a P/E ratio of -7.14 and a beta of 0.93.

Hedge Funds Weigh In On Silicom

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Northern Trust Corp acquired a new stake in Silicom during the fourth quarter worth approximately $1,050,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Silicom in the fourth quarter valued at approximately $266,000. Acuitas Investments LLC raised its position 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 valued at $1,692,000 after buying an additional 9,341 shares in the last quarter. Systematic Financial Management LP raised its position in shares of Silicom by 4.2% in the fourth quarter. Systematic Financial Management LP now owns 510,357 shares of the technology company's stock valued at $8,324,000 after buying an additional 20,727 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Silicom in the first quarter valued at approximately $151,000. 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.