Silicom (NASDAQ:SILC) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Silicom Ltd (NASDAQ:SILC)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.46 and traded as high as $47.16. Silicom shares last traded at $44.96, with a volume of 107,327 shares traded.

Silicom Price Performance

The business’s 50 day simple moving average is $39.64 and its 200 day simple moving average is $25.46. The company has a market capitalization of $256.72 million, a PE ratio of -23.30 and a beta of 1.58.

Silicom (NASDAQ:SILC) last posted its quarterly earnings results on Thursday, April 30th. The technology company reported ($0.25) earnings per share for the quarter, beating the consensus estimate of ($0.36) by $0.11. The business had revenue of $19.10 million during the quarter, compared to analysts’ expectations of $16.97 million. Silicom had a negative net margin of 16.57% and a negative return on equity of 9.30%.

Insiders Place Their Bets

In related news, Director Avinoam Eizenman sold 9,023 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $44.66, for a total transaction of $402,967.18. Following the completion of the sale, the director directly owned 188,736 shares of the company’s stock, valued at approximately $8,428,949.76. This trade represents a 4.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Yuval Karp sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $50.00, for a total value of $100,000.00. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 29,438 shares of company stock worth $1,334,244. Corporate insiders own 25.38% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC acquired a new stake in shares of Silicom during the first quarter valued at about $537,000. First Wilshire Securities Management Inc. raised its stake 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 acquiring an additional 10,834 shares during the period. Barclays PLC lifted 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 worth $54,000 after acquiring an additional 927 shares during the last quarter. Hudson Bay Capital Management LP acquired a new position in shares of Silicom in the 4th quarter worth approximately $3,306,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Silicom by 15.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 13,155 shares of the technology company’s stock worth $193,000 after purchasing an additional 1,751 shares during the period. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Silicom Company Profile

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.