Silicom (NASDAQ:SILC) CEO Liron Eizenman Sells 18,072 Shares of Stock

Silicom Ltd (NASDAQ:SILC) CEO Liron Eizenman sold 18,072 shares of Silicom stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $48.53, for a total transaction of $877,034.16. Following the completion of the sale, the chief executive officer owned 9,928 shares in the company, valued at $481,805.84. This trade represents a 64.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Silicom Trading Down 3.6%

Shares of SILC opened at $44.89 on Friday. The stock has a market capitalization of $258.03 million, a price-to-earnings ratio of -26.25 and a beta of 1.55. Silicom Ltd has a 12 month low of $13.34 and a 12 month high of $52.95. The firm has a fifty day simple moving average of $42.97 and a 200 day simple moving average of $32.83.

Silicom (NASDAQ:SILC) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.08. Silicom had a negative net margin of 12.98% and a negative return on equity of 8.37%. The firm had revenue of $23.81 million for the quarter, compared to analyst estimates of $20.58 million.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SILC. Weiss Ratings reiterated a “sell (d-)” rating on shares of Silicom in a report on Thursday, July 30th. Needham & Company LLC upgraded Silicom from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Silicom currently has an average rating of “Hold” and an average price target of $60.00.

Hedge Funds Weigh In On Silicom

Several institutional investors and hedge funds have recently modified their holdings of SILC. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Silicom during the 2nd quarter worth about $34,000. Renaissance Technologies LLC acquired a new position in Silicom in the 1st quarter valued at about $537,000. First Wilshire Securities Management Inc. grew its stake in Silicom by 3.6% in the 1st quarter. First Wilshire Securities Management Inc. now owns 315,642 shares of the technology company’s stock valued at $6,660,000 after buying an additional 10,834 shares during the last quarter. Barclays PLC raised its holdings in 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 acquiring an additional 927 shares during the period. Finally, Hudson Bay Capital Management LP bought a new position in Silicom in the 4th quarter valued at about $3,306,000. 52.85% of the stock is currently owned by institutional investors and hedge funds.

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.