Silicom (NASDAQ:SILC) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Silicom Ltd (NASDAQ:SILC) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $35.89 and traded as high as $46.60. Silicom shares last traded at $43.40, with a volume of 201,450 shares traded.

Analyst Ratings Changes

SILC has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Silicom in a report on Thursday, July 30th. Needham & Company LLC raised shares of Silicom from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $60.00.

Silicom Price Performance

The firm has a market cap of $232.62 million, a PE ratio of -23.67 and a beta of 1.57. The business has a fifty day moving average price of $42.71 and a two-hundred day moving average price of $36.06.

Silicom (NASDAQ:SILC) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.08. Silicom had a negative return on equity of 8.37% and a negative net margin of 12.98%.The firm had revenue of $23.81 million during the quarter, compared to the consensus estimate of $20.58 million.

Insider Activity at Silicom

In related news, Director Avinoam Eizenman sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $50.50, for a total transaction of $1,010,000.00. Following the transaction, the director directly owned 168,736 shares of the company’s stock, valued at approximately $8,521,168. The trade was a 10.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Liron Eizenman sold 18,072 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $48.53, for a total transaction of $877,034.16. Following the transaction, the chief executive officer directly owned 9,928 shares in the company, valued at $481,805.84. The trade was a 64.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 48,041 shares of company stock valued at $2,331,789 over the last ninety days. 25.38% of the stock is owned by company insiders.

Institutional Investors Weigh In On Silicom

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hudson Bay Capital Management LP purchased a new position in shares of Silicom during the 4th quarter valued at $3,306,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Silicom during the fourth quarter worth $2,639,000. Renaissance Technologies LLC purchased a new stake in shares of Silicom during the first quarter worth $537,000. Susquehanna International Group LLP acquired a new stake in Silicom during the third quarter valued at $277,000. Finally, First Wilshire Securities Management Inc. boosted its position in Silicom by 3.6% during 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 purchasing an additional 10,834 shares during the last quarter. 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.