Silicom (NASDAQ:SILC) Shares Pass Above 200-Day Moving Average – Time to Sell?

Silicom Ltd. (NASDAQ:SILC) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.

Analyst Upgrades and Downgrades

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

Silicom Price Performance

The stock’s 50 day moving average price is $14.10 and its two-hundred day moving average price is $14.04. The firm has a market capitalization of $108.70 million, a price-to-earnings ratio of -5.36 and a beta of 1.03.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Silicom stock. GSA Capital Partners LLP lifted its holdings in shares of Silicom Ltd. (NASDAQ:SILC) by 89.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 27,482 shares of the technology company’s stock after acquiring 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 filing with the SEC. 52.85% of the stock is currently owned by 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.