Silicom Ltd. (SILC) Trading Down 2.4%
Silicom Ltd. (NASDAQ:SILC) traded down 2.4% on Friday . The company traded as low as $30.87 and last traded at $30.90, with a volume of 51,174 shares changing hands. The stock had previously closed at $31.67.
The firm’s 50 day moving average price is $29.10 and its 200-day moving average price is $29.49. The firm has a market cap of $228.36 million and a price-to-earnings ratio of 14.97.
A hedge fund recently raised its stake in Silicom stock. Morgan Stanley boosted its position in shares of Silicom Ltd. (NASDAQ:SILC) by 129.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 64,087 shares of the company’s stock after buying an additional 36,151 shares during the period. Morgan Stanley owned 0.88% of Silicom worth $1,942,000 as of its most recent SEC filing.
Silicom Ltd. (Silicom) is engaged in the design, manufacture, marketing and support of networking and data infrastructure solutions for a range of servers, server based systems and communications devices. The Company’s products include server network interface cards with and without bypass (Server Adapters); intelligent and programmable cards, with features, such as encryption, acceleration, data compression, redirection, time stamping, network capture solutions, field programmable gate array (FPGA) based ultra-low latency solutions, and/or other offload features (Smart Adapters); stand-alone bypass switches (Mostly Intelligent Bypass Switches), and Server To Appliance Converter (SETAC) product family, a solution that provides standard servers to be configured as network appliances with front networking ports, including Switched SETAC.
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