Silicom (NASDAQ:SILC) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of Silicom Ltd (NASDAQ:SILC) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $23.48 and traded as high as $44.34. Silicom shares last traded at $43.43, with a volume of 141,140 shares.

Silicom Stock Up 6.5%

The company has a market cap of $272.14 million, a P/E ratio of -24.69 and a beta of 1.58. The firm has a fifty day moving average price of $36.26 and a 200 day moving average price of $23.93.

Silicom (NASDAQ:SILC) last issued its quarterly earnings results on Thursday, April 30th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.36) by $0.11. Silicom had a negative return on equity of 9.30% and a negative net margin of 16.57%.The business had revenue of $19.10 million for the quarter, compared to analyst estimates of $16.97 million.

Insider Buying and Selling at Silicom

In related news, Director Avinoam Eizenman sold 9,023 shares of Silicom stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $44.66, for a total value of $402,967.18. Following the sale, the director owned 188,736 shares of the company’s stock, valued at approximately $8,428,949.76. This trade represents a 4.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Liron Eizenman sold 8,900 shares of Silicom stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $45.23, for a total value of $402,547.00. Following the completion of the sale, the chief executive officer directly owned 15,500 shares in the company, valued at approximately $701,065. This represents a 36.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 27,438 shares of company stock valued at $1,234,244 over the last ninety days. Company insiders own 25.38% of the company’s stock.

Institutional Investors Weigh In On Silicom

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC raised its position in Silicom by 33.8% in the 4th 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. Citadel Advisors LLC raised its position in Silicom by 7.3% in the 3rd quarter. Citadel Advisors LLC now owns 16,492 shares of the technology company’s stock valued at $292,000 after buying an additional 1,117 shares during the last quarter. Bank of America Corp DE acquired a new stake in Silicom in the 4th quarter valued at approximately $29,000. Goldman Sachs Group Inc. raised its position in 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 buying an additional 1,751 shares during the last quarter. Finally, GSA Capital Partners LLP raised its position in Silicom by 19.2% in the 3rd quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company’s stock valued at $260,000 after buying an additional 2,361 shares during 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.