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

Silicom Ltd. (NASDAQ:SILC) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $14.49 and traded as high as $14.51. Silicom shares last traded at $14.42, with a volume of 30,527 shares traded.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SILC. Needham & Company LLC started coverage on shares of Silicom in a research report on Monday, November 4th. They issued a “hold” rating for the company. StockNews.com upgraded shares of Silicom from a “sell” rating to a “hold” rating in a research report on Saturday, August 31st.

Silicom Price Performance

The firm has a market cap of $97.15 million, a PE ratio of -4.79 and a beta of 1.04. The business has a 50-day moving average price of $13.52 and a two-hundred day moving average price of $14.48.

Institutional Trading of Silicom

Several institutional investors and hedge funds have recently modified their holdings of SILC. GSA Capital Partners LLP lifted its stake in Silicom by 89.6% in the 3rd quarter. GSA Capital Partners LLP now owns 27,482 shares of the technology company’s stock valued at $377,000 after buying an additional 12,990 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Silicom by 59.8% in the 2nd quarter. Acadian Asset Management LLC now owns 15,370 shares of the technology company’s stock valued at $228,000 after purchasing an additional 5,749 shares in the last quarter. Kent Lake Capital LLC boosted its stake in shares of Silicom by 5.0% during the 1st quarter. Kent Lake Capital LLC now owns 315,000 shares of the technology company’s stock worth $4,678,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Silicom during the first quarter worth about $256,000. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Silicom Company Profile

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.