Silicom (NASDAQ:SILC) EVP Yuval Karp Sells 2,000 Shares of Stock

Silicom Ltd (NASDAQ:SILC) EVP Yuval Karp sold 2,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $50.00, for a total transaction of $100,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Silicom Stock Performance

Silicom stock opened at $47.90 on Tuesday. The company has a market capitalization of $273.51 million, a PE ratio of -24.82 and a beta of 1.58. Silicom Ltd has a fifty-two week low of $13.34 and a fifty-two week high of $52.58. The firm has a 50 day moving average price of $37.28 and a 200 day moving average price of $24.39.

Silicom (NASDAQ:SILC) last released its quarterly earnings results on Thursday, April 30th. The technology company reported ($0.25) EPS for the quarter, topping 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 company had revenue of $19.10 million for the quarter, compared to analysts’ expectations of $16.97 million.

Hedge Funds Weigh In On Silicom

Hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC purchased a new stake in Silicom during the first quarter worth about $537,000. First Wilshire Securities Management Inc. grew its holdings in shares of Silicom by 3.6% in the first quarter. First Wilshire Securities Management Inc. now owns 315,642 shares of the technology company’s stock valued at $6,660,000 after purchasing an additional 10,834 shares in the last quarter. Barclays PLC grew its holdings in shares of Silicom by 33.8% in the fourth quarter. Barclays PLC now owns 3,670 shares of the technology company’s stock valued at $54,000 after purchasing an additional 927 shares in the last quarter. Hudson Bay Capital Management LP purchased a new stake in Silicom during the 4th quarter worth approximately $3,306,000. Finally, Goldman Sachs Group Inc. increased its stake in Silicom by 15.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 13,155 shares of the technology company’s stock worth $193,000 after buying an additional 1,751 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.