Shares of the company are trading at $71.29 which is significantly higher than $61.25, the stock’s 50 day moving average and much higher than the 200 day moving average of $53.40. The 50 day moving average was up $10.04 or +16.40% and the 200 day average moved up $17.89. (NASDAQ:SILC) shares saw heavy trading volume with 78K shares changing hands on Tuesday. Overall, volume was up 28.14% over the stocks normal daily volume.
Investors are more bullish recently if you take note of the change in short interest. The firm saw a fall in short interest between September 29, 2017 and October 13, 2017 of -26.35%. Short interest decreased from 54,418 to 40,078 over that timeframe. Days to cover decreased 0.0 to 2.0 and the short interest percentage is 0.01% as of October 13.
These firms have modified their investment in SILC. Tower Research Capital LLC (trc) reduced its holdings by selling 38 shares a decrease of 28.6% as of 06/30/2017. Tower Research Capital LLC (trc) now holds 95 shares worth $4,000. The value of the position overall is down by 33.3%. As of quarter end Two Sigma Advisers, Lp had sold 1,200 shares trimming its holdings by 20.8%. The value of the total investment in Silicom Ltd – Ordinary Shares decreased from $287,000 to $203,000 a change of 29.3% since the last quarter.
G2 Investment Partners Management LLC divested its ownership by shedding 68,535 shares a decrease of 39.4% in the quarter. G2 Investment Partners Management LLC owns 105,195 shares with a value of $4,667,000. The total value of its holdings decreased 45.9%. Ubs Group Ag cut its stake by selling 166 shares a decrease of 96.0% from 03/31/2017 to 06/30/2017. Ubs Group Ag controls 7 shares valued at $0. The value of the position overall is down by 100.0%.
The P/E ratio is currently 36.92 and market cap is 530.75M. In the latest earnings report the EPS was $1.93 and is projected to be $2.77 for the current year with 7,445,000 shares presently outstanding. Next quarter’s EPS is expected be $0.53 with next year’s EPS anticipated to be $3.20.
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..