Silicom (NASDAQ:SILC) Stock Crosses Above 200 Day Moving Average – What’s Next?

Shares of Silicom Ltd (NASDAQ:SILC) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $31.65 and traded as high as $46.46. Silicom shares last traded at $44.12, with a volume of 117,355 shares changing hands.

Analyst Ratings Changes

SILC has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silicom in a research report on Thursday, July 30th. Needham & Company LLC raised Silicom from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Silicom currently has an average rating of “Hold” and a consensus target price of $60.00.

Silicom Price Performance

The stock has a market cap of $253.69 million, a price-to-earnings ratio of -25.80 and a beta of 1.55. The company’s fifty day moving average price is $42.79 and its 200-day moving average price is $31.65.

Silicom (NASDAQ:SILC) last released its earnings results on Wednesday, July 29th. The technology company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.08. The company had revenue of $23.81 million during the quarter, compared to analysts’ expectations of $20.58 million. Silicom had a negative net margin of 12.98% and a negative return on equity of 8.37%.

Insiders Place Their Bets

In other news, VP David Hendel sold 1,000 shares of Silicom stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $44.37, for a total transaction of $44,370.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 SEC filing for this sale provides additional information. Over the last quarter, insiders sold 5,015 shares of company stock valued at $241,150. Insiders own 25.38% of the company’s stock.

Institutional Trading of Silicom

Several large investors have recently added to or reduced their stakes in SILC. Bank of America Corp DE acquired a new position in shares of Silicom in the fourth quarter valued at about $29,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Silicom during the second quarter worth about $34,000. Barclays PLC boosted its position in Silicom by 33.8% in the fourth quarter. Barclays PLC now owns 3,670 shares of the technology company’s stock valued at $54,000 after buying an additional 927 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in Silicom in the first quarter valued at approximately $151,000. Finally, Susquehanna International Group LLP acquired a new position in Silicom in the 3rd quarter worth approximately $277,000. 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.