Silicom Ltd (NASDAQ:SILC) Short Interest Update

Silicom Ltd (NASDAQ:SILC) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 36,630 shares, an increase of 86.6% from the April 30th total of 19,634 shares. Based on an average daily volume of 215,515 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.9% of the company’s stock are sold short.

Insider Activity

In other Silicom news, CEO Liron Eizenman sold 8,900 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $45.23, for a total transaction of $402,547.00. Following the completion of the sale, the chief executive officer owned 15,500 shares in the company, valued at $701,065. This trade represents a 36.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David Castiel sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $48.00, for a total value of $96,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,438 shares of company stock worth $1,234,244 over the last quarter. Corporate insiders own 25.38% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Barclays PLC grew its position in shares of Silicom by 33.8% in the 4th quarter. Barclays PLC now owns 3,670 shares of the technology company’s stock worth $54,000 after acquiring an additional 927 shares in the last quarter. Citadel Advisors LLC grew its position in shares of Silicom by 7.3% in the 3rd quarter. Citadel Advisors LLC now owns 16,492 shares of the technology company’s stock worth $292,000 after acquiring an additional 1,117 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Silicom in the 4th quarter worth approximately $29,000. Goldman Sachs Group Inc. grew its position in shares of Silicom by 15.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 13,155 shares of the technology company’s stock worth $193,000 after acquiring an additional 1,751 shares in the last quarter. Finally, GSA Capital Partners LLP grew its position in shares of Silicom by 19.2% in the 3rd quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company’s stock worth $260,000 after acquiring an additional 2,361 shares in the last quarter. Institutional investors and hedge funds own 52.85% of the company’s stock.

Silicom Stock Down 1.6%

Shares of NASDAQ SILC opened at $43.98 on Thursday. Silicom has a fifty-two week low of $13.34 and a fifty-two week high of $52.58. The business has a 50 day moving average price of $33.57 and a two-hundred day moving average price of $22.71. The firm has a market cap of $251.13 million, a PE ratio of -22.79 and a beta of 1.58.

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

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.