Silicom Ltd (NASDAQ:SILC - Get Free Report) Director Avinoam Eizenman sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $50.50, for a total transaction of $1,010,000.00. Following the completion of the sale, the director owned 168,736 shares in the company, valued at $8,521,168. This represents a 10.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Silicom Price Performance
Silicom stock opened at $45.91 on Wednesday. The business has a 50 day moving average of $43.35 and a 200-day moving average of $33.51. The company has a market capitalization of $263.98 million, a P/E ratio of -26.85 and a beta of 1.56. Silicom Ltd has a 1 year low of $13.34 and a 1 year high of $52.95.
Silicom (NASDAQ:SILC - Get Free Report) last announced its earnings results on Wednesday, July 29th. The technology company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.08. The firm had revenue of $23.81 million for the quarter, compared to the consensus estimate of $20.58 million. Silicom had a negative return on equity of 8.37% and a negative net margin of 12.98%.
Hedge Funds Weigh In On Silicom
Institutional investors have recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL bought a new position in Silicom during the second quarter valued at $34,000. Bank of America Corp DE bought a new stake in shares of Silicom in the fourth quarter valued at $29,000. Barclays PLC raised its stake in shares of Silicom by 33.8% in the fourth quarter. Barclays PLC now owns 3,670 shares of the technology company's stock valued at $54,000 after buying an additional 927 shares during the period. Goldman Sachs Group Inc. purchased a new position in shares of Silicom during the 1st quarter valued at $151,000. Finally, Susquehanna International Group LLP purchased a new position in shares of Silicom during the 3rd quarter valued at $277,000. Institutional investors own 52.85% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on SILC shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of Silicom in a report on Thursday, July 30th. Needham & Company LLC raised Silicom from a "hold" rating to a "buy" rating and set a $60.00 target price for the company in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $60.00.
Check Out Our Latest Research Report on SILC
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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