Silicom (NASDAQ:SILC) Stock Passes Above Two Hundred 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 $28.00 and traded as high as $45.01. Silicom shares last traded at $43.90, with a volume of 64,445 shares traded.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC upgraded Silicom from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Thursday, July 2nd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Silicom has a consensus rating of “Hold” and an average price target of $60.00.

Silicom Stock Up 0.6%

The company has a market cap of $253.89 million, a price-to-earnings ratio of -22.89 and a beta of 1.54. The firm has a 50 day moving average price of $43.87 and a two-hundred day moving average price of $28.12.

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. The company had revenue of $19.10 million for the quarter, compared to analyst estimates of $16.97 million. Silicom had a negative return on equity of 9.30% and a negative net margin of 16.57%.

Insider Transactions at Silicom

In other news, Director Avinoam Eizenman sold 9,023 shares of the stock in a transaction on Thursday, May 7th. The shares were 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 in the company, valued at $8,428,949.76. This represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Yuval Karp sold 2,000 shares of Silicom stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $50.00, for a total transaction of $100,000.00. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 29,438 shares of company stock worth $1,334,244. Company insiders own 25.38% of the company’s stock.

Hedge Funds Weigh In On Silicom

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nano Cap New Millennium Growth Fund L P acquired a new stake in Silicom during the 4th quarter worth about $2,639,000. Hudson Bay Capital Management LP acquired a new position in shares of Silicom in the 4th quarter valued at about $3,306,000. Goldman Sachs Group Inc. lifted its stake 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 during the period. Susquehanna International Group LLP bought a new stake in shares of Silicom during the 3rd quarter valued at about $277,000. Finally, Citadel Advisors LLC boosted its position in shares of Silicom by 7.3% during the 3rd quarter. Citadel Advisors LLC now owns 16,492 shares of the technology company’s stock valued at $292,000 after purchasing an additional 1,117 shares in the last quarter. Institutional investors and hedge funds 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.