Key Points
- Silicom EVP Yuval Karp sold 2,000 shares on May 19 at an average price of $50.00, for total proceeds of $100,000, according to an SEC filing.
- The stock recently traded at $47.90, near its 52-week high of $52.58, and has risen well above its 50-day and 200-day moving averages.
- Silicom’s latest quarterly results beat expectations, with EPS of -$0.25 versus an estimated -$0.36 and revenue of $19.1 million, above analyst estimates.
Silicom Ltd (NASDAQ:SILC - Get Free Report) EVP Yuval Karp sold 2,000 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $50.00, for a total value of $100,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Silicom Price Performance
SILC opened at $47.90 on Tuesday. The business has a fifty day moving average price of $37.28 and a 200 day moving average price of $24.39. Silicom Ltd has a 12 month low of $13.34 and a 12 month high of $52.58. The stock has a market capitalization of $273.51 million, a price-to-earnings ratio of -24.82 and a beta of 1.58.
Silicom (NASDAQ:SILC - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.36) by $0.11. The company had revenue of $19.10 million for the quarter, compared to analyst estimates of $16.97 million. Silicom had a negative return on equity of 9.30% and a negative net margin of 16.57%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new position in Silicom during the 4th quarter worth approximately $29,000. Goldman Sachs Group Inc. acquired a new stake in shares of Silicom in the 1st quarter valued at $151,000. GSA Capital Partners LLP lifted its position in shares of Silicom by 19.2% during the 3rd quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company's stock worth $260,000 after purchasing an additional 2,361 shares during the last quarter. Citadel Advisors LLC lifted its position in shares of Silicom by 7.3% during the 3rd quarter. Citadel Advisors LLC now owns 16,492 shares of the technology company's stock worth $292,000 after purchasing an additional 1,117 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new position in shares of Silicom during the third quarter worth $277,000. Hedge funds and other institutional investors own 52.85% of the company's stock.
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
