Key Points
- Silicom CFO Eran Gilad sold 6,000 shares on May 7 at an average price of $44.18, for total proceeds of $265,080, according to an SEC filing.
- The stock was trading at $43.18 and has risen sharply from its 52-week low of $13.34, with a 52-week high of $48.92 and a market cap of about $246.6 million.
- Silicom recently beat quarterly expectations, posting a smaller-than-expected loss of $0.25 per share and revenue of $19.1 million, while several institutional investors have recently added positions in the company.
Silicom Ltd (NASDAQ:SILC - Get Free Report) VP David Hendel sold 500 shares of the company's stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $45.00, for a total transaction of $22,500.00. Following the transaction, the vice president owned 2,000 shares of the company's stock, 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 SEC, which is available at the SEC website.
Silicom Stock Performance
Shares of NASDAQ:SILC opened at $43.18 on Tuesday. The company has a fifty day moving average of $25.04 and a 200-day moving average of $19.33. The company has a market capitalization of $246.56 million, a PE ratio of -22.37 and a beta of 1.59. Silicom Ltd has a 52-week low of $13.34 and a 52-week high of $48.92.
Silicom (NASDAQ:SILC - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.36) by $0.11. The company had revenue of $19.10 million during the quarter, compared to the consensus estimate of $16.97 million. Silicom had a negative net margin of 16.57% and a negative return on equity of 9.30%.
Key Headlines Impacting Silicom
Here are the key news stories impacting Silicom this week:
- Positive Sentiment: Silicom previously topped quarterly expectations, reporting a smaller-than-expected loss and revenue above analyst forecasts, which supports the recent stock strength. Silicom earnings and stock information
- Neutral Sentiment: Short interest data showed an increase in April, but the total remains very small at 19,634 shares, suggesting limited bearish positioning overall.
- Negative Sentiment: CFO Eran Gilad sold 6,000 shares at an average price of $44.18, adding to concerns about insider confidence. SEC filing for CFO sale
- Negative Sentiment: CEO Liron Eizenman sold 8,900 shares, a sizable reduction in his position, which can pressure sentiment. SEC filing for CEO sale
- Negative Sentiment: Director Avinoam Eizenman and VP David Hendel also sold shares, reinforcing the impression that multiple insiders are trimming positions. SEC filing for director sale SEC filing for VP sale
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of SILC. Hudson Bay Capital Management LP acquired a new position in shares of Silicom during the fourth quarter worth $3,306,000. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Silicom during the fourth quarter worth $2,639,000. Susquehanna International Group LLP acquired a new position in shares of Silicom during the third quarter worth $277,000. Goldman Sachs Group Inc. acquired a new position in shares of Silicom during the first quarter worth $151,000. Finally, GSA Capital Partners LLP increased its holdings in shares of Silicom by 19.2% during the third quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company's stock worth $260,000 after buying an additional 2,361 shares in the last quarter. 52.85% of the stock is currently owned by institutional investors and hedge funds.
Silicom Company Profile
(
Get Free Report)
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.
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