Silicom Ltd. (NASDAQ:SILC - Get Free Report)'s stock price 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 traded.
Analysts Set New Price Targets
Several brokerages have recently weighed in on SILC. StockNews.com upgraded 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 set a "hold" rating for the company.
Read Our Latest Report on Silicom
Silicom Stock Performance
The company's 50 day simple moving average is $14.10 and its 200-day simple moving average is $14.04. The firm has a market capitalization of $111.61 million, a PE ratio of -5.51 and a beta of 1.03.
Hedge Funds Weigh In On Silicom
A hedge fund recently raised its stake in Silicom stock. GSA Capital Partners LLP increased its stake in Silicom Ltd. (NASDAQ:SILC - Free Report) by 89.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,482 shares of the technology company's stock after purchasing an additional 12,990 shares during the period. GSA Capital Partners LLP owned approximately 0.41% of Silicom worth $377,000 as of its most recent SEC filing. 52.85% of the stock is owned by institutional investors.
About Silicom
(
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.
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