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

Silicom Ltd (NASDAQ:SILC)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $23.48 and traded as high as $44.34. Silicom shares last traded at $43.43, with a volume of 141,140 shares.

Silicom Price Performance

The stock has a market cap of $247.99 million, a P/E ratio of -22.50 and a beta of 1.58. The company has a fifty day moving average of $35.23 and a 200 day moving average of $23.48.

Silicom (NASDAQ:SILC) last announced its earnings results on Thursday, April 30th. The technology company reported ($0.25) EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $16.97 million.

Insider Transactions at Silicom

In other Silicom news, CEO Liron Eizenman sold 8,900 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $45.23, for a total value of $402,547.00. Following the sale, the chief executive officer directly owned 15,500 shares in the company, valued at approximately $701,065. The trade was a 36.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David Hendel sold 1,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $44.37, for a total transaction of $44,370.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 27,438 shares of company stock valued at $1,234,244 in the last quarter. 25.38% of the stock is owned by company insiders.

Institutional Investors Weigh In On Silicom

Several hedge funds and other institutional investors have recently bought and sold shares of the business. First Wilshire Securities Management Inc. increased its holdings in shares of Silicom by 3.6% in the first quarter. First Wilshire Securities Management Inc. now owns 315,642 shares of the technology company’s stock valued at $6,660,000 after buying an additional 10,834 shares in the last quarter. Hudson Bay Capital Management LP bought a new position in shares of Silicom in the fourth quarter valued at $3,306,000. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Silicom in the fourth quarter valued at $2,639,000. Renaissance Technologies LLC bought a new position in shares of Silicom in the first quarter valued at $537,000. Finally, Citadel Advisors LLC increased its holdings in shares of Silicom by 7.3% in the third quarter. Citadel Advisors LLC now owns 16,492 shares of the technology company’s stock valued at $292,000 after buying an additional 1,117 shares in the last quarter. 52.85% of the stock is currently owned by institutional investors.

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.