Silicom (NASDAQ:SILC) Director Yeshayhu Orbach Sells 2,969 Shares of Stock

Silicom Ltd (NASDAQ:SILC) Director Yeshayhu Orbach sold 2,969 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $45.00, for a total value of $133,605.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Silicom Stock Down 11.4%

Silicom stock opened at $42.20 on Friday. Silicom Ltd has a 52-week low of $13.34 and a 52-week high of $52.95. The company has a market cap of $242.57 million, a P/E ratio of -24.68 and a beta of 1.55. The business has a 50-day simple moving average of $42.90 and a two-hundred day simple moving average of $34.74.

Silicom (NASDAQ:SILC) last announced its earnings results on Wednesday, July 29th. The technology company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $23.81 million during the quarter, compared to analysts’ expectations of $20.58 million.

Institutional Investors Weigh In On Silicom

A number of institutional investors have recently bought and sold shares of SILC. Strategic Investment Solutions Inc. IL purchased a new position in shares of Silicom in the second quarter valued at about $34,000. Bank of America Corp DE bought a new position in shares of Silicom in the fourth quarter worth about $29,000. Barclays PLC grew its position in shares of Silicom by 33.8% during the fourth quarter. Barclays PLC now owns 3,670 shares of the technology company’s stock worth $54,000 after purchasing an additional 927 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Silicom during the first quarter worth about $151,000. Finally, Susquehanna International Group LLP purchased a new position in Silicom in the 3rd quarter worth approximately $277,000. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.