Insider Selling: Silicom (NASDAQ:SILC) VP Sells $22,500.00 in Stock

Silicom Ltd (NASDAQ:SILC) VP David Hendel sold 500 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $45.00, for a total transaction of $22,500.00. Following the sale, the vice president directly owned 2,000 shares in the company, valued at $90,000. This trade represents a 20.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Silicom Price Performance

Shares of NASDAQ:SILC opened at $46.93 on Thursday. The stock has a market capitalization of $267.78 million, a PE ratio of -24.32 and a beta of 1.59. The company’s 50-day moving average price is $26.03 and its two-hundred day moving average price is $19.72. Silicom Ltd has a one year low of $13.34 and a one year high of $48.92.

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

Institutional Investors Weigh In On Silicom

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE bought a new stake in shares of Silicom in the 4th quarter valued at about $29,000. Barclays PLC raised its holdings in shares of Silicom by 33.8% in the 4th quarter. Barclays PLC now owns 3,670 shares of the technology company’s stock valued at $54,000 after purchasing an additional 927 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of Silicom in the 1st quarter valued at about $151,000. GSA Capital Partners LLP raised its holdings 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 valued at $260,000 after purchasing an additional 2,361 shares during the period. Finally, Susquehanna International Group LLP bought a new stake in shares of Silicom in the 3rd quarter valued at about $277,000. 52.85% of the stock is owned by 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.