Silicom (NASDAQ:SILC) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Silicom Ltd. (NASDAQ:SILC)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $14.96 and traded as high as $15.25. Silicom shares last traded at $14.78, with a volume of 17,286 shares changing hands.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC restated a “hold” rating on shares of Silicom in a research report on Monday, February 3rd.

Silicom Price Performance

The company has a 50-day moving average of $16.56 and a two-hundred day moving average of $14.96. The stock has a market capitalization of $99.85 million, a PE ratio of -7.39 and a beta of 0.98.

Silicom (NASDAQ:SILC) last announced its quarterly earnings data on Thursday, January 30th. The technology company reported ($0.76) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.44). Silicom had a negative return on equity of 8.83% and a negative net margin of 20.66%.

Institutional Trading of Silicom

A number of institutional investors and hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP grew its position in Silicom by 89.6% during the third quarter. GSA Capital Partners LLP now owns 27,482 shares of the technology company’s stock valued at $377,000 after acquiring an additional 12,990 shares during the period. Acuitas Investments LLC grew its holdings in shares of Silicom by 44.2% during the 4th quarter. Acuitas Investments LLC now owns 104,379 shares of the technology company’s stock worth $1,702,000 after purchasing an additional 31,990 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in Silicom during the 4th quarter worth approximately $266,000. Northern Trust Corp purchased a new position in Silicom in the fourth quarter valued at approximately $1,050,000. Finally, Bank of America Corp DE acquired a new position in Silicom during the fourth quarter valued at approximately $29,000. 52.85% of the stock is currently 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.