Key Points
- Silicom VP David Castiel sold 2,000 shares on May 14 at an average price of $48.00, totaling $96,000, according to an SEC filing.
- The stock was trading at $42.87, near its 52-week high of $52.58, with a market cap of $244.79 million and a beta of 1.59.
- Silicom’s latest quarterly results beat expectations, posting a loss of $0.25 per share versus the expected $0.36 loss, while revenue of $19.10 million also topped estimates.
Silicom Ltd (NASDAQ:SILC - Get Free Report) VP David Castiel sold 2,000 shares of Silicom stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $48.00, for a total transaction of $96,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Silicom Stock Performance
NASDAQ SILC opened at $42.87 on Tuesday. Silicom Ltd has a twelve month low of $13.34 and a twelve month high of $52.58. The stock has a market cap of $244.79 million, a price-to-earnings ratio of -22.21 and a beta of 1.59. The firm's 50 day moving average price is $27.68 and its two-hundred day moving average price is $20.34.
Silicom (NASDAQ:SILC - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The technology company reported ($0.25) earnings per share for the quarter, topping the consensus estimate 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 analysts' expectations of $16.97 million.
Hedge Funds Weigh In On Silicom
Several institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC purchased a new position in shares of Silicom during the 1st quarter valued at $537,000. First Wilshire Securities Management Inc. grew its holdings in shares of Silicom by 3.6% during 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 acquiring an additional 10,834 shares in the last quarter. Barclays PLC grew its holdings in shares of Silicom by 33.8% during 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 in the last quarter. Hudson Bay Capital Management LP purchased a new position in shares of Silicom during the 4th quarter valued at $3,306,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Silicom by 15.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 13,155 shares of the technology company's stock valued at $193,000 after acquiring an additional 1,751 shares in the last quarter. 52.85% of the stock is currently owned by hedge funds and other institutional investors.
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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