Silicom (NASDAQ:SILC) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Silicom Ltd (NASDAQ:SILC)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $22.07 and traded as high as $45.20. Silicom shares last traded at $40.30, with a volume of 128,378 shares.

Silicom Trading Down 7.9%

The stock has a 50 day simple moving average of $32.15 and a 200 day simple moving average of $22.07. The stock has a market cap of $230.11 million, a P/E ratio of -20.88 and a beta of 1.59.

Silicom (NASDAQ:SILC) last posted its quarterly earnings data on Thursday, April 30th. The technology company reported ($0.25) EPS for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.11. Silicom had a negative return on equity of 9.30% and a negative net margin of 16.57%.The firm had revenue of $19.10 million for the quarter, compared to analyst estimates of $16.97 million.

Insider Activity

In other Silicom news, CFO Eran Gilad sold 6,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $44.18, for a total transaction of $265,080.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP David Castiel sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $48.00, for a total value of $96,000.00. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 27,438 shares of company stock worth $1,234,244. 25.38% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Silicom

A number of hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC bought a new position in Silicom during the 1st quarter worth $537,000. First Wilshire Securities Management Inc. boosted its holdings in shares of Silicom by 3.6% in the 1st quarter. First Wilshire Securities Management Inc. now owns 315,642 shares of the technology company’s stock valued at $6,660,000 after purchasing an additional 10,834 shares in the last quarter. Barclays PLC boosted 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 purchasing an additional 927 shares in the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of Silicom in the 4th quarter valued at $3,306,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Silicom by 15.4% in the 4th 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. 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.