Silicom (NASDAQ:SILC) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Silicom Ltd (NASDAQ:SILC) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $16.35 and traded as high as $20.24. Silicom shares last traded at $20.24, with a volume of 23,994 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Silicom in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

Silicom Price Performance

The company’s 50 day simple moving average is $16.27 and its 200 day simple moving average is $16.35. The stock has a market cap of $114.76 million, a P/E ratio of -10.07 and a beta of 1.06.

Silicom (NASDAQ:SILC) last announced its quarterly earnings results on Thursday, January 29th. The technology company reported ($0.34) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.03. Silicom had a negative net margin of 18.54% and a negative return on equity of 9.50%. The company had revenue of $16.91 million during the quarter, compared to analyst estimates of $15.65 million.

Hedge Funds Weigh In On Silicom

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC grew its holdings in shares of Silicom by 33.8% in the 4th quarter. Barclays PLC now owns 3,670 shares of the technology company’s stock valued at $54,000 after acquiring an additional 927 shares in the last quarter. Citadel Advisors LLC boosted its position in Silicom by 7.3% during the third quarter. Citadel Advisors LLC now owns 16,492 shares of the technology company’s stock valued at $292,000 after purchasing an additional 1,117 shares during the last quarter. Bank of America Corp DE acquired a new position in Silicom during the fourth quarter valued at approximately $29,000. Goldman Sachs Group Inc. grew its stake in Silicom by 15.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 13,155 shares of the technology company’s stock valued at $193,000 after purchasing an additional 1,751 shares in the last quarter. Finally, GSA Capital Partners LLP increased its position in shares of Silicom by 19.2% during the 3rd quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company’s stock worth $260,000 after purchasing an additional 2,361 shares during the last quarter. 52.85% of the stock is currently owned by institutional investors and hedge funds.

About Silicom

Silicom Ltd. is an Israel‐based provider of advanced networking infrastructure products designed to enhance data throughput, security, and functionality in enterprise, cloud, telecommunications, and edge‐computing environments. The company develops and manufactures a range of network interface cards (NICs), specialized adapters, and turnkey network appliances that support high‐performance packet processing, encryption, compression, and traffic optimization. Silicom’s solutions are engineered to offload complex network functions from central processing units, enabling customers to achieve greater efficiency, reliability, and scalability in their data centers.

Founded in 1987 and headquartered in Lod, Israel, Silicom has grown from a niche hardware developer into a global supplier of connectivity and networking solutions.