Silicom Ltd. (NASDAQ:SILC - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $15.02 and traded as high as $15.31. Silicom shares last traded at $14.96, with a volume of 10,478 shares traded.
Analysts Set New Price Targets
Separately, Needham & Company LLC reissued a "hold" rating on shares of Silicom in a research report on Monday, February 3rd.
View Our Latest Report on SILC
Silicom Stock Performance
The company has a market cap of $101.27 million, a price-to-earnings ratio of -7.50 and a beta of 0.98. The stock's fifty day moving average is $16.20 and its two-hundred day moving average is $15.06.
Silicom (NASDAQ:SILC - Get Free Report) last posted its earnings results on Thursday, January 30th. The technology company reported ($0.76) earnings per share 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%.
Hedge Funds Weigh In On Silicom
A number of hedge funds and other institutional investors have recently modified their holdings of SILC. Bank of America Corp DE purchased a new stake in shares of Silicom during the 4th quarter valued at $29,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Silicom during the 4th quarter valued at approximately $266,000. Northern Trust Corp purchased a new stake in shares of Silicom during the 4th quarter worth approximately $1,050,000. Acuitas Investments LLC raised its holdings in shares of 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 during the period. Finally, Systematic Financial Management LP lifted its stake in Silicom by 4.2% in the fourth quarter. Systematic Financial Management LP now owns 510,357 shares of the technology company's stock valued at $8,324,000 after purchasing an additional 20,727 shares during the last quarter. Hedge funds and other institutional investors own 52.85% of the company's stock.
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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