Silicom Ltd – Ordinary Shares (NASDAQ:SILC) Stock Traded Above Its 50 Day Moving Average

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It is currently trading at $58.33 which is marginally higher than the 50 day moving average of $53.83 and which is well above the 200 day moving average of $49.57. The 50 day moving average went up by +8.37% and the 200 day average was up $8.76. Trading volume for Silicom Ltd – Ordinary Shares was 24K on Wednesday. Trading volume was down 30.21% under the stocks average daily volume.

Short traders are feeling a little more bullish on Silicom Ltd – Ordinary Shares lately if you pay attention to the change in short interest. The stock realized a fall in short interest of -7.65% as of the latest report on August 31, 2017. Short interest decreased 2,898 over that period. Days to cover decreased 0.0 to 1.0 and the percentage of shorted shares is 0.00% as of August 31.

The following firms have recently changed their position in SILC. As of the end of the quarter Ubs Group Ag had disposed of 166 shares trimming its holdings by 96.0%. The value of the total investment in Silicom Ltd – Ordinary Shares went from $9,000 to $0 a change of 100.0% for the reporting period. G2 Investment Partners Management LLC reduced its holdings by shedding 68,535 shares a decrease of 39.4% as of 06/30/2017. G2 Investment Partners Management LLC controls 105,195 shares worth $4,667,000. The total value of its holdings decreased 45.9%.

Two Sigma Advisers, Lp trimmed its stake by selling 1,200 shares a decrease of 20.8% from 03/31/2017 to 06/30/2017. Two Sigma Advisers, Lp currently owns 4,576 shares with a value of $203,000. The value of the position overall is down by 29.3%. Tower Research Capital LLC (trc) downsized its position by shedding 38 shares a decrease of 28.6%. Tower Research Capital LLC (trc) now holds 95 shares valued at $4,000. The total value of its holdings decreased 33.3%.

The company’s P/E ratio is 30.21 and the market cap is 434.27M. As of the latest earnings report the EPS was $1.93 and is projected to be $2.74 for the current year with 7,445,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.83 and the next full year EPS is projected to be $3.36.

Silicom Ltd. (Silicom), incorporated in 1987, is involved in the design, manufacture, marketing and support of connectivity solutions for a range of servers and server based systems. Silicom is active in the product line of high-end server networking cards with and without bypass (Server Adapters). For the purpose of these products it leverages its expertise in networking and operating systems and in facilitating improved connectivity for servers by increasing the number of ports on the server adapters and by adding bypass and other special functionality for security appliances, wide area network (WAN) optimization appliances and other network appliances. The products have either one, two, four, six or eight ports, which plug into the servers between which interaction is facilitated. During the year ended December 31, 2011, it sold external bypass switches and Server Adapters to members of the Rad Group..