Silicom (NASDAQ:SILC) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Silicom Ltd (NASDAQ:SILC) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $29.11 and traded as high as $44.80. Silicom shares last traded at $44.06, with a volume of 192,633 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC raised shares of Silicom from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Thursday, July 2nd. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $60.00.

Silicom Stock Up 10.0%

The firm has a 50 day moving average price of $43.73 and a two-hundred day moving average price of $29.11. The company has a market capitalization of $253.34 million, a price-to-earnings ratio of -22.83 and a beta of 1.54.

Silicom (NASDAQ:SILC) last announced its earnings results on Thursday, April 30th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.11. The business had revenue of $19.10 million for the quarter, compared to analyst estimates of $16.97 million. Silicom had a negative return on equity of 9.30% and a negative net margin of 16.57%.

Insider Activity at Silicom

In other news, CEO Liron Eizenman sold 8,900 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $45.23, for a total transaction of $402,547.00. Following the completion of the sale, the chief executive officer owned 15,500 shares of the company’s stock, valued at approximately $701,065. This trade represents a 36.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David Castiel sold 2,000 shares of Silicom stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $48.00, for a total transaction of $96,000.00. The SEC filing for this sale provides additional information. Insiders sold 29,438 shares of company stock worth $1,334,244 over the last ninety days. Company insiders own 25.38% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SILC. Strategic Investment Solutions Inc. IL bought a new stake in shares of Silicom in the 2nd quarter worth about $34,000. Bank of America Corp DE bought a new position in shares of Silicom during the fourth quarter worth about $29,000. Barclays PLC grew its stake in Silicom by 33.8% in the fourth quarter. Barclays PLC now owns 3,670 shares of the technology company’s stock worth $54,000 after purchasing an additional 927 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in Silicom in the first quarter valued at about $151,000. Finally, Susquehanna International Group LLP bought a new stake in Silicom in the third quarter valued at about $277,000. 52.85% of the stock is currently owned by institutional investors.

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.