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

Key Points

• Silicom Ltd has crossed above its 200-day moving average, which is currently at $15.33, with the stock reaching a high of $18.22 during trading.
• Institutional investors hold 52.85% of Silicom's stock, with recent acquisitions by major firms such as Goldman Sachs and Northern Trust.
• The company has a market cap of $100.81 million and a price-to-earnings ratio of -7.80, indicating current losses.

Silicom Ltd (NASDAQ:SILC - ) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.33 and traded as high as $18.22. Silicom shares last traded at $17.78, with a volume of 15,497 shares trading hands.

Silicom Price Performance

The company's 50 day moving average is $16.51 and its 200 day moving average is $15.33. The stock has a market cap of $100.81 million, a price-to-earnings ratio of -7.80 and a beta of 0.97.

Hedge Funds Weigh In On Silicom

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE acquired a new position in Silicom during the fourth quarter worth about $29,000. Goldman Sachs Group Inc. acquired a new position in Silicom during the first quarter worth about $151,000. Northern Trust Corp acquired a new position in Silicom during the fourth quarter worth about $1,050,000. Worth Venture Partners LLC raised its position in Silicom by 15.9% during the first 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 raised its position in Silicom by 8.9% during the first quarter. Acuitas Investments LLC now owns 113,720 shares of the technology company's stock worth $1,692,000 after acquiring an additional 9,341 shares during the last quarter. Institutional investors and hedge funds own 52.85% of the company's stock.

Silicom Company Profile

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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