Shares of Silicom Ltd. (NASDAQ:SILC - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.12 and traded as high as $17.61. Silicom shares last traded at $17.26, with a volume of 41,644 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Needham & Company LLC initiated coverage on shares of Silicom in a report on Monday, November 4th. They set a "hold" rating for the company.
Check Out Our Latest Stock Analysis on Silicom
Silicom Trading Up 1.7 %
The company has a market capitalization of $118.64 million, a PE ratio of -5.85 and a beta of 0.96. The business's fifty day moving average is $14.86 and its two-hundred day moving average is $14.14.
Hedge Funds Weigh In On Silicom
A hedge fund recently raised its stake in Silicom stock. GSA Capital Partners LLP raised its stake in shares of Silicom Ltd. (NASDAQ:SILC - Free Report) by 89.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 27,482 shares of the technology company's stock after buying an additional 12,990 shares during the period. GSA Capital Partners LLP owned about 0.41% of Silicom worth $377,000 as of its most recent SEC filing. 52.85% of the stock is owned by institutional investors and hedge funds.
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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