Silicom (NASDAQ:SILC) CFO Eran Gilad Sells 7,000 Shares

Silicom Ltd (NASDAQ:SILC) CFO Eran Gilad sold 7,000 shares of Silicom stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $44.45, for a total value of $311,150.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Silicom Price Performance

SILC traded up $0.97 during trading on Thursday, reaching $45.09. 40,633 shares of the stock were exchanged, compared to its average volume of 113,622. The company has a market capitalization of $259.30 million, a price-to-earnings ratio of -26.37 and a beta of 1.55. Silicom Ltd has a 1 year low of $13.34 and a 1 year high of $52.95. The business’s 50 day moving average price is $42.79 and its two-hundred day moving average price is $31.65.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of Silicom

A number of large investors have recently made changes to their positions in SILC. First Wilshire Securities Management Inc. increased its position in Silicom by 3.6% during the 1st 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 in the last quarter. Hudson Bay Capital Management LP purchased a new position in Silicom in the 4th quarter valued at about $3,306,000. Nano Cap New Millennium Growth Fund L P purchased a new position in Silicom in the 4th 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 grew its holdings in shares of Silicom by 7.3% during the third 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 in the last quarter. Institutional investors and hedge funds own 52.85% of the company’s stock.

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.