Silicom (NASDAQ:SILC) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Silicom Ltd. (NASDAQ:SILC)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $14.38 and traded as high as $17.32. Silicom shares last traded at $16.85, with a volume of 5,817 shares trading hands.

Analyst Ratings Changes

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

Silicom Stock Performance

The company has a market capitalization of $113.84 million, a PE ratio of -8.43 and a beta of 0.98. The stock’s fifty day simple moving average is $16.21 and its 200-day simple moving average is $14.38.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Silicom stock. GSA Capital Partners LLP grew its stake in shares of Silicom Ltd. (NASDAQ:SILC) by 89.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,482 shares of the technology company’s stock after acquiring an additional 12,990 shares during the quarter. GSA Capital Partners LLP owned about 0.41% of Silicom worth $377,000 at the end of the most recent quarter. 52.85% of the stock is currently owned by institutional investors.

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.