Silicom (NASDAQ:SILC) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Silicom Ltd. (NASDAQ:SILC)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.70 and traded as high as $16.72. Silicom shares last traded at $16.32, with a volume of 10,647 shares.

Analysts Set New Price Targets

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

Silicom Stock Down 2.9 %

The stock has a market capitalization of $110.26 million, a PE ratio of -8.16 and a beta of 0.98. The firm has a 50 day moving average price of $16.75 and a 200-day moving average price of $14.70.

Silicom (NASDAQ:SILC) last posted its quarterly earnings results on Thursday, January 30th. The technology company reported ($0.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE acquired a new stake in Silicom during the 4th quarter worth about $29,000. GSA Capital Partners LLP grew its holdings in Silicom by 89.6% during the third quarter. GSA Capital Partners LLP now owns 27,482 shares of the technology company’s stock worth $377,000 after acquiring an additional 12,990 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in Silicom during the fourth quarter valued at approximately $266,000. Systematic Financial Management LP raised its position in Silicom by 4.2% during the fourth quarter. Systematic Financial Management LP now owns 510,357 shares of the technology company’s stock valued at $8,324,000 after acquiring an additional 20,727 shares in the last quarter. Finally, Acuitas Investments LLC boosted its position in Silicom by 44.2% in 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 in the last quarter. 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.