Silicom (NASDAQ:SILC) Shares Pass Above 200-Day Moving Average – Time to Sell?

Shares of Silicom Ltd (NASDAQ:SILC) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $15.42 and traded as high as $15.68. Silicom shares last traded at $15.68, with a volume of 4,576 shares.

Analysts Set New Price Targets

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of Silicom in a report on Tuesday, April 29th.

Silicom Trading Up 1.3%

The business’s fifty day moving average is $15.13 and its 200 day moving average is $15.42. The firm has a market capitalization of $88.91 million, a P/E ratio of -8.08 and a beta of 0.93.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. purchased a new position in Silicom during the first quarter valued at approximately $151,000. Worth Venture Partners LLC lifted its holdings in shares of Silicom by 15.9% during the 1st quarter. Worth Venture Partners LLC now owns 92,139 shares of the technology company’s stock worth $1,371,000 after acquiring an additional 12,662 shares during the period. Systematic Financial Management LP lifted its holdings in Silicom by 0.4% during the 1st quarter. Systematic Financial Management LP now owns 512,229 shares of the technology company’s stock valued at $7,622,000 after purchasing an additional 1,872 shares during the last quarter. First Wilshire Securities Management Inc. increased its position in Silicom by 0.7% in the 1st quarter. First Wilshire Securities Management Inc. now owns 393,483 shares of the technology company’s stock valued at $5,855,000 after acquiring an additional 2,783 shares in the last quarter. Finally, Acuitas Investments LLC increased its position in Silicom by 8.9% in the 1st quarter. Acuitas Investments LLC now owns 113,720 shares of the technology company’s stock valued at $1,692,000 after acquiring an additional 9,341 shares in the last quarter. 52.85% of the stock is owned by hedge funds and other institutional investors.

Silicom Company Profile

Silicom Ltd., together with its subsidiaries, designs, manufactures, markets, and supports networking and data infrastructure solutions for servers, server-based systems, and communications devices. It offers server network interface cards; and smart cards, such as smart server adapters, which include redirector and switching cards, encryption and data compression hardware acceleration cards, forward error correction acceleration and offloading cards, time synchronization cards, and field programmable gate array-based cards.