Shares of Silicom Ltd (NASDAQ:SILC – Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.23 and traded as high as $18.96. Silicom shares last traded at $18.60, with a volume of 12,530 shares changing hands.
Silicom Price Performance
The stock has a market capitalization of $105.46 million, a price-to-earnings ratio of -8.16 and a beta of 0.97. The business’s 50-day simple moving average is $16.24 and its two-hundred day simple moving average is $15.23.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE acquired a new position in Silicom during the fourth quarter valued at approximately $29,000. Goldman Sachs Group Inc. acquired a new position in Silicom during the first quarter valued at approximately $151,000. Northern Trust Corp acquired a new position in Silicom during the fourth quarter valued at approximately $1,050,000. Worth Venture Partners LLC lifted its position in shares of Silicom by 15.9% during the first quarter. Worth Venture Partners LLC now owns 92,139 shares of the technology company’s stock worth $1,371,000 after purchasing an additional 12,662 shares in the last quarter. Finally, Acuitas Investments LLC lifted its position in shares of Silicom by 8.9% during the first quarter. Acuitas Investments LLC now owns 113,720 shares of the technology company’s stock worth $1,692,000 after purchasing an additional 9,341 shares in the last quarter. 52.85% of the stock is owned by institutional investors and hedge funds.
About Silicom
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.
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