Silicom (NASDAQ:SILC) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Silicom Ltd. (NASDAQ:SILC)’s share price passed 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 traded.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC assumed coverage on shares of Silicom in a research note on Monday, November 4th. They issued a “hold” rating for the company.

Silicom Trading Up 1.7 %

The stock has a 50-day simple moving average of $14.86 and a two-hundred day simple moving average of $14.14. The firm has a market capitalization of $118.64 million, a P/E ratio of -5.85 and a beta of 0.96.

Institutional Investors Weigh In On Silicom

An institutional investor recently raised its position in Silicom stock. Acadian Asset Management LLC increased its holdings in Silicom Ltd. (NASDAQ:SILC) by 59.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,370 shares of the technology company’s stock after buying an additional 5,749 shares during the period. Acadian Asset Management LLC owned about 0.23% of Silicom worth $228,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 52.85% of the company’s stock.

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.