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

Silicom Ltd. (NASDAQ:SILC)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.04 and traded as high as $16.68. Silicom shares last traded at $16.52, with a volume of 32,632 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SILC. Needham & Company LLC assumed coverage on shares of Silicom in a report on Monday, November 4th. They set a “hold” rating for the company. StockNews.com raised Silicom from a “sell” rating to a “hold” rating in a research note on Saturday, August 31st.

Silicom Price Performance

The company has a market cap of $111.61 million, a PE ratio of -5.51 and a beta of 1.03. The company’s 50 day simple moving average is $14.10 and its two-hundred day simple moving average is $14.04.

Hedge Funds Weigh In On Silicom

A hedge fund recently raised its stake in Silicom stock. GSA Capital Partners LLP grew its position in shares of Silicom Ltd. (NASDAQ:SILC) by 89.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,482 shares of the technology company’s stock after purchasing an additional 12,990 shares during the period. GSA Capital Partners LLP owned approximately 0.41% of Silicom worth $377,000 as of its most recent SEC filing. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

Silicom Company Profile

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.