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

Silicom Ltd (NASDAQ:SILC) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $23.48 and traded as high as $44.34. Silicom shares last traded at $43.43, with a volume of 141,140 shares.

Silicom Trading Up 0.3%

The company has a fifty day simple moving average of $35.23 and a 200-day simple moving average of $23.48. The stock has a market cap of $247.99 million, a price-to-earnings ratio of -22.50 and a beta of 1.58.

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

Insider Activity

In other Silicom news, Director Avinoam Eizenman sold 9,023 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $44.66, for a total transaction of $402,967.18. Following the sale, the director directly owned 188,736 shares of the company’s stock, valued at $8,428,949.76. The trade was a 4.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Liron Eizenman sold 8,900 shares of the business’s stock in a transaction 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 sale, the chief executive officer directly owned 15,500 shares in the company, valued at approximately $701,065. This trade represents a 36.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 27,438 shares of company stock worth $1,234,244. 25.38% of the stock is owned by company insiders.

Institutional Trading of Silicom

Several large investors have recently added to or reduced their stakes in the company. First Wilshire Securities Management Inc. increased its holdings in shares of Silicom by 3.6% in the 1st quarter. First Wilshire Securities Management Inc. now owns 315,642 shares of the technology company’s stock valued at $6,660,000 after purchasing an additional 10,834 shares during the period. Hudson Bay Capital Management LP acquired a new position in shares of Silicom in the 4th quarter valued at about $3,306,000. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Silicom in the 4th quarter valued at about $2,639,000. Renaissance Technologies LLC acquired a new position in shares of Silicom in the 1st quarter valued at about $537,000. Finally, Citadel Advisors LLC increased its holdings in shares of Silicom by 7.3% in the 3rd quarter. Citadel Advisors LLC now owns 16,492 shares of the technology company’s stock valued at $292,000 after purchasing an additional 1,117 shares during the period. 52.85% of the stock is owned by institutional investors and hedge funds.

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.