Silicom (NASDAQ:SILC) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Silicom Ltd (NASDAQ:SILC) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.97 and traded as high as $23.10. Silicom shares last traded at $22.60, with a volume of 137,873 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silicom in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Silicom Price Performance

The business’s fifty day moving average price is $19.12 and its 200-day moving average price is $17.02. The stock has a market capitalization of $117.88 million, a PE ratio of -10.34 and a beta of 1.02.

Silicom (NASDAQ:SILC) last issued its quarterly earnings data on Thursday, January 29th. The technology company reported ($0.34) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.03. Silicom had a negative net margin of 18.54% and a negative return on equity of 9.50%. The company had revenue of $16.91 million during the quarter, compared to analysts’ expectations of $15.65 million.

Institutional Investors Weigh In On Silicom

Large investors have recently added to or reduced their stakes in the business. Barclays PLC increased its stake in Silicom by 33.8% in the 4th quarter. Barclays PLC now owns 3,670 shares of the technology company’s stock worth $54,000 after acquiring an additional 927 shares during the last quarter. Hudson Bay Capital Management LP bought a new stake in shares of Silicom during the 4th quarter valued at about $3,306,000. Goldman Sachs Group Inc. grew its holdings in shares of Silicom by 15.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 13,155 shares of the technology company’s stock worth $193,000 after purchasing an additional 1,751 shares in the last quarter. Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Silicom during the fourth quarter worth about $2,639,000. Finally, Susquehanna International Group LLP bought a new position in shares of Silicom in the third quarter worth approximately $277,000. Institutional investors own 52.85% of the company’s stock.

Silicom Company Profile

Silicom Ltd. is an Israel‐based provider of advanced networking infrastructure products designed to enhance data throughput, security, and functionality in enterprise, cloud, telecommunications, and edge‐computing environments. The company develops and manufactures a range of network interface cards (NICs), specialized adapters, and turnkey network appliances that support high‐performance packet processing, encryption, compression, and traffic optimization. Silicom’s solutions are engineered to offload complex network functions from central processing units, enabling customers to achieve greater efficiency, reliability, and scalability in their data centers.

Founded in 1987 and headquartered in Lod, Israel, Silicom has grown from a niche hardware developer into a global supplier of connectivity and networking solutions.