David Castiel Sells 2,000 Shares of Silicom (NASDAQ:SILC) Stock

Silicom Ltd (NASDAQ:SILC) VP David Castiel sold 2,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $48.00, for a total value of $96,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Silicom Stock Performance

Shares of NASDAQ:SILC opened at $48.08 on Monday. The stock’s 50-day moving average price is $27.20 and its 200-day moving average price is $20.17. The stock has a market capitalization of $274.54 million, a P/E ratio of -24.91 and a beta of 1.59. Silicom Ltd has a 12-month low of $13.34 and a 12-month high of $52.58.

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

Institutional Trading of Silicom

A number of institutional investors have recently modified their holdings of the company. First Wilshire Securities Management Inc. boosted its holdings in shares of Silicom by 3.6% during the first quarter. First Wilshire Securities Management Inc. now owns 315,642 shares of the technology company’s stock worth $6,660,000 after purchasing an additional 10,834 shares during the period. Hudson Bay Capital Management LP purchased a new stake in shares of Silicom during the fourth quarter worth about $3,306,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Silicom during the fourth quarter worth about $2,639,000. Renaissance Technologies LLC purchased a new stake in shares of Silicom during the first quarter worth about $537,000. Finally, Citadel Advisors LLC boosted its holdings in shares of Silicom by 7.3% during the third quarter. Citadel Advisors LLC now owns 16,492 shares of the technology company’s stock worth $292,000 after purchasing an additional 1,117 shares during the period. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

About Silicom

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.