Key Points
- Silicom CEO Liron Eizenman sold 18,072 shares at an average price of $48.53, generating $877,034.16. The sale reduced his direct ownership by 64.54% to 9,928 shares.
- Silicom’s latest quarterly results exceeded expectations, with revenue of $23.81 million versus the $20.58 million consensus and a loss of $0.16 per share compared with the projected $0.24 loss.
- Analyst sentiment remains mixed, with one Buy and one Sell rating resulting in a consensus “Hold” and an average price target of $60.00. Institutional investors and hedge funds own 52.85% of the company.
Silicom Ltd (NASDAQ:SILC - Get Free Report) CEO Liron Eizenman sold 18,072 shares of Silicom stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $48.53, for a total value of $877,034.16. Following the sale, the chief executive officer directly owned 9,928 shares of the company's stock, valued at approximately $481,805.84. The trade was a 64.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Silicom Price Performance
SILC opened at $44.89 on Friday. The business has a fifty day simple moving average of $42.97 and a 200 day simple moving average of $32.83. Silicom Ltd has a 1 year low of $13.34 and a 1 year high of $52.95. The company has a market capitalization of $258.03 million, a PE ratio of -26.25 and a beta of 1.55.
Silicom (NASDAQ:SILC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.08. Silicom had a negative return on equity of 8.37% and a negative net margin of 12.98%.The firm had revenue of $23.81 million for the quarter, compared to analysts' expectations of $20.58 million.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on SILC shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Silicom in a research report on Thursday, July 30th. Needham & Company LLC raised shares of Silicom from a "hold" rating to a "buy" rating and set a $60.00 price objective for the company in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Silicom presently has a consensus rating of "Hold" and an average target price of $60.00.
Check Out Our Latest Research Report on Silicom
Hedge Funds Weigh In On Silicom
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Wilshire Securities Management Inc. lifted its position 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 during the period. Hudson Bay Capital Management LP bought a new stake in Silicom during the fourth quarter worth about $3,306,000. Nano Cap New Millennium Growth Fund L P bought a new stake in Silicom during the fourth quarter worth about $2,639,000. Renaissance Technologies LLC bought a new stake in Silicom during the first quarter worth about $537,000. Finally, Citadel Advisors LLC grew its stake in Silicom by 7.3% during the third quarter. Citadel Advisors LLC now owns 16,492 shares of the technology company's stock worth $292,000 after buying an additional 1,117 shares in the last quarter. 52.85% of the stock is owned by institutional investors and hedge funds.
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.
Featured Articles
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].
