Silicom (NASDAQ:SILC) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Silicom Ltd. (NASDAQ:SILC) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC initiated coverage on shares of Silicom in a report on Monday, November 4th. They set a “hold” rating on the stock. StockNews.com raised Silicom from a “sell” rating to a “hold” rating in a research note on Saturday, August 31st.

Silicom Trading Up -2.6 %

The business’s 50-day simple moving average is $14.10 and its 200-day simple moving average is $14.04. The company has a market cap of $108.70 million, a PE ratio of -5.36 and a beta of 1.03.

Institutional Trading of Silicom

An institutional investor recently raised its position in Silicom stock. GSA Capital Partners LLP grew its position in shares of Silicom Ltd. (NASDAQ:SILC) by 89.6% in the 3rd 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 buying an additional 12,990 shares during the quarter. GSA Capital Partners LLP owned approximately 0.41% of Silicom worth $377,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 52.85% of the stock is owned by hedge funds and other institutional investors.

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.