Silicom (NASDAQ:SILC) Share Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Silicom Ltd. (NASDAQ:SILC) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $14.82 and traded as high as $15.67. Silicom shares last traded at $15.30, with a volume of 31,022 shares.

Analysts Set New Price Targets

Separately, Needham & Company LLC reissued a “hold” rating on shares of Silicom in a research note on Monday, February 3rd.

Silicom Stock Performance

The firm has a fifty day simple moving average of $16.75 and a 200 day simple moving average of $14.85. The company has a market capitalization of $103.37 million, a PE ratio of -7.65 and a beta of 0.98.

Silicom (NASDAQ:SILC) last released its quarterly earnings data on Thursday, January 30th. The technology company reported ($0.76) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.44). Silicom had a negative return on equity of 8.83% and a negative net margin of 20.66%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP increased its holdings in Silicom by 89.6% during the 3rd quarter. GSA Capital Partners LLP now owns 27,482 shares of the technology company’s stock worth $377,000 after purchasing an additional 12,990 shares during the period. Acuitas Investments LLC increased its holdings in shares of Silicom by 44.2% in the 4th quarter. Acuitas Investments LLC now owns 104,379 shares of the technology company’s stock valued at $1,702,000 after acquiring an additional 31,990 shares during the period. Bank of America Corp DE purchased a new position in shares of Silicom in the 4th quarter valued at $29,000. Northern Trust Corp purchased a new position in shares of Silicom in the 4th quarter valued at $1,050,000. Finally, Systematic Financial Management LP increased its holdings in shares of Silicom by 4.2% in the 4th quarter. Systematic Financial Management LP now owns 510,357 shares of the technology company’s stock valued at $8,324,000 after acquiring an additional 20,727 shares during the period. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

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.