Silicom (NASDAQ:SILC) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Posted by Defense World Staff on Dec 25th, 2024

Silicom Ltd. (NASDAQ:SILC – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.04 and traded as high as $16.68. Silicom shares last traded at $16.52, with a volume of 32,632 shares.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SILC. StockNews.com upgraded shares of Silicom from a “sell” rating to a “hold” rating in a research report on Saturday, August 31st. Needham & Company LLC began coverage on Silicom in a report on Monday, November 4th. They issued a “hold” rating for the company.

Get Our Latest Stock Analysis on SILC

Silicom Trading Up 9.2 %

The stock has a market cap of $111.61 million, a price-to-earnings ratio of -5.51 and a beta of 1.03. The firm’s 50-day moving average is $14.10 and its two-hundred day moving average is $14.04.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Silicom stock. Acadian Asset Management LLC grew its holdings in Silicom Ltd. (NASDAQ:SILC – Free Report) by 59.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,370 shares of the technology company’s stock after buying an additional 5,749 shares during the period. Acadian Asset Management LLC owned 0.23% of Silicom worth $228,000 as of its most recent filing with the Securities & Exchange Commission. 52.85% of the stock is owned by institutional investors and hedge funds.

Silicom Company Profile

(Get Free Report)

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.