Silicom Ltd (NASDAQ:SILC) Sees Large Decrease in Short Interest

Silicom Ltd (NASDAQ:SILC) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 17,416 shares, a drop of 52.5% from the May 14th total of 36,630 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 184,703 shares, the days-to-cover ratio is presently 0.1 days.

Insider Activity at Silicom

In other news, Director Avinoam Eizenman sold 9,023 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $44.66, for a total value of $402,967.18. Following the completion of the sale, the director owned 188,736 shares of the company’s stock, valued at approximately $8,428,949.76. This represents a 4.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Liron Eizenman sold 8,900 shares of the company’s stock in a transaction 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 sale, the chief executive officer directly owned 15,500 shares in the company, valued at $701,065. This trade represents a 36.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 27,438 shares of company stock worth $1,234,244. Insiders own 25.38% of the company’s stock.

Institutional Investors Weigh In On Silicom

Large investors have recently added to or reduced their stakes in the business. First Wilshire Securities Management Inc. boosted its position in 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 bought a new position in shares of Silicom in the fourth quarter valued at about $3,306,000. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Silicom in the fourth quarter valued at about $2,639,000. Renaissance Technologies LLC acquired a new stake in shares of Silicom during the 1st quarter worth about $537,000. Finally, Citadel Advisors LLC lifted its stake in shares of Silicom by 7.3% during the 3rd quarter. Citadel Advisors LLC now owns 16,492 shares of the technology company’s stock worth $292,000 after buying an additional 1,117 shares during the last quarter. Institutional investors own 52.85% of the company’s stock.

Silicom Stock Down 2.5%

Shares of SILC stock traded down $1.21 on Friday, reaching $46.45. The stock had a trading volume of 109,260 shares, compared to its average volume of 161,568. Silicom has a 12 month low of $13.34 and a 12 month high of $52.58. The firm has a market capitalization of $265.04 million, a price-to-earnings ratio of -24.07 and a beta of 1.58. The firm’s 50-day moving average is $36.76 and its two-hundred day moving average is $24.09.

Silicom (NASDAQ:SILC) last announced its quarterly 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 firm had revenue of $19.10 million for the quarter, compared to the consensus estimate of $16.97 million. Silicom had a negative return on equity of 9.30% and a negative net margin of 16.57%.

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.