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

Silicom Ltd (NASDAQ:SILC) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.11 and traded as high as $22.22. Silicom shares last traded at $22.18, with a volume of 18,698 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Silicom in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce”.

Silicom Price Performance

The firm has a market cap of $125.76 million, a PE ratio of -11.03 and a beta of 0.98. The business’s 50 day moving average price is $19.55 and its 200 day moving average price is $17.11.

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

Hedge Funds Weigh In On Silicom

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE acquired a new stake in shares of Silicom in the fourth quarter worth approximately $29,000. Barclays PLC increased its position in shares of Silicom by 33.8% during the fourth quarter. Barclays PLC now owns 3,670 shares of the technology company’s stock worth $54,000 after purchasing an additional 927 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in Silicom in the 1st quarter valued at $151,000. GSA Capital Partners LLP raised its stake in Silicom by 19.2% in the 3rd quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company’s stock valued at $260,000 after purchasing an additional 2,361 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new position in Silicom in the 3rd quarter valued at $277,000. Hedge funds and other institutional investors own 52.85% of the company’s stock.

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.