Key Points
- Silicom VP David Hendel sold 1,000 shares on May 13 at an average price of $44.37, totaling $44,370. After the sale, he still held 1,000 shares, cutting his position by 50%.
- Hendel also sold 500 shares on May 7 at $45.00 per share, adding to the recent insider selling activity.
- Silicom recently beat earnings expectations for the quarter, reporting EPS of -$0.25 versus estimates of -$0.36 and revenue of $19.10 million versus $16.97 million expected.
Silicom Ltd (NASDAQ:SILC - Get Free Report) VP David Hendel sold 1,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $44.37, for a total value of $44,370.00. Following the sale, the vice president owned 1,000 shares in the company, valued at approximately $44,370. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
David Hendel also recently made the following trade(s):
- On Thursday, May 7th, David Hendel sold 500 shares of Silicom stock. The shares were sold at an average price of $45.00, for a total value of $22,500.00.
Silicom Stock Performance
Shares of NASDAQ:SILC opened at $50.98 on Friday. The business's fifty day moving average price is $26.64 and its two-hundred day moving average price is $19.95. The stock has a market cap of $291.10 million, a PE ratio of -26.41 and a beta of 1.59. Silicom Ltd has a one year low of $13.34 and a one year high of $52.58.
Silicom (NASDAQ:SILC - Get Free Report) last announced its earnings results on Thursday, April 30th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.36) by $0.11. Silicom had a negative net margin of 16.57% and a negative return on equity of 9.30%. The firm had revenue of $19.10 million for the quarter, compared to analyst estimates of $16.97 million.
Institutional Trading of Silicom
A number of hedge funds have recently bought and sold shares of SILC. Bank of America Corp DE acquired a new stake in Silicom during the fourth quarter worth approximately $29,000. Barclays PLC boosted its position in 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 acquiring an additional 927 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in Silicom during the first quarter worth approximately $151,000. GSA Capital Partners LLP boosted its position in 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 acquiring an additional 2,361 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in Silicom during the third quarter worth approximately $277,000. Institutional investors and hedge funds own 52.85% of the company's stock.
About Silicom
(
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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