Key Points
- Silicom CFO Eran Gilad sold 7,000 shares at an average price of $44.45, generating proceeds of $311,150; the transaction was reported to the SEC.
- Silicom’s latest quarter exceeded expectations, with adjusted earnings of $(0.16) per share versus the $(0.24) estimate and revenue of $23.81 million versus $20.58 million expected. However, the company remained unprofitable, posting a negative net margin of 12.98%.
- Analyst sentiment is mixed, with one Buy and one Sell rating producing a consensus Hold rating and a $60 price target. Institutional investors own 52.85% of Silicom’s shares.
Silicom Ltd (NASDAQ:SILC - Get Free Report) CFO Eran Gilad sold 7,000 shares of the business's stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $44.45, for a total transaction of $311,150.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Silicom Stock Performance
NASDAQ:SILC opened at $41.52 on Friday. The company has a 50-day moving average of $42.75 and a 200-day moving average of $31.83. Silicom Ltd has a 52 week low of $13.34 and a 52 week high of $52.95. The company has a market capitalization of $238.74 million, a price-to-earnings ratio of -24.28 and a beta of 1.55.
Silicom (NASDAQ:SILC - Get Free Report) last posted its earnings results on Wednesday, July 29th. The technology company reported ($0.16) earnings per share 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 for the quarter, compared to analysts' expectations of $20.58 million.
Analysts Set New Price Targets
SILC has been the topic of several analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Silicom in a research note on Thursday, July 30th. Needham & Company LLC raised Silicom from a "hold" rating to a "buy" rating and set a $60.00 price target on the stock in a research note on Thursday, July 2nd. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $60.00.
View Our Latest Analysis on SILC
Institutional Investors Weigh In On Silicom
A number of hedge funds have recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL bought a new position in Silicom during the 2nd quarter valued at about $34,000. Renaissance Technologies LLC bought a new position in shares of Silicom in the first quarter valued at approximately $537,000. First Wilshire Securities Management Inc. raised its stake in shares of Silicom by 3.6% in the first 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 during the last quarter. Barclays PLC boosted its holdings in shares of Silicom by 33.8% in the 4th quarter. Barclays PLC now owns 3,670 shares of the technology company's stock worth $54,000 after acquiring an additional 927 shares in the last quarter. Finally, Hudson Bay Capital Management LP acquired a new position in shares of Silicom in the 4th quarter worth approximately $3,306,000. 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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