Silicom (NASDAQ:SILC) VP Sells $44,370.00 in Stock

Silicom Ltd (NASDAQ:SILC) VP David Hendel sold 1,000 shares of Silicom stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $44.37, for a total value of $44,370.00. Following the completion of the transaction, the vice president owned 1,000 shares of the company’s stock, valued at $44,370. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

David Hendel also recently made the following trade(s):

• On Thursday, May 7th, David Hendel sold 500 shares of Silicom stock. The shares were sold at an average price of $45.00, for a total value of $22,500.00.

Silicom Stock Performance

Shares of SILC opened at $48.08 on Friday. The stock has a 50-day simple moving average of $27.20 and a 200-day simple moving average of $20.15. The stock has a market capitalization of $274.54 million, a PE ratio of -24.91 and a beta of 1.59. Silicom Ltd has a 1 year low of $13.34 and a 1 year high of $52.58.

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

Institutional Investors Weigh In On Silicom

Several hedge funds and other institutional investors have recently made changes to their positions in SILC. Hudson Bay Capital Management LP acquired a new stake in shares of Silicom during the 4th quarter worth about $3,306,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Silicom during the 4th quarter worth about $2,639,000. Renaissance Technologies LLC acquired a new stake in shares of Silicom during the 1st quarter worth about $537,000. Susquehanna International Group LLP acquired a new stake in shares of Silicom during the 3rd quarter worth about $277,000. Finally, First Wilshire Securities Management Inc. raised its position in shares of Silicom by 3.6% during the 1st quarter. First Wilshire Securities Management Inc. now owns 315,642 shares of the technology company’s stock worth $6,660,000 after acquiring an additional 10,834 shares in the last quarter. Institutional investors and hedge funds own 52.85% of the company’s stock.

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.