Silicom (NASDAQ:SILC) VP David Hendel Sells 500 Shares of Stock

Silicom Ltd (NASDAQ:SILC) VP David Hendel sold 500 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $45.00, for a total value of $22,500.00. Following the sale, the vice president owned 2,000 shares of the company’s stock, valued at approximately $90,000. This represents a 20.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Silicom Stock Down 3.8%

Shares of NASDAQ:SILC opened at $43.18 on Tuesday. Silicom Ltd has a 12-month low of $13.34 and a 12-month high of $48.92. The stock has a market cap of $246.56 million, a PE ratio of -22.37 and a beta of 1.59. The business has a 50 day moving average of $25.04 and a 200-day moving average of $19.33.

Silicom (NASDAQ:SILC) last released its quarterly earnings results on Thursday, April 30th. The technology company reported ($0.25) earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $19.10 million during the quarter, compared to the consensus estimate of $16.97 million.

Institutional Investors Weigh In On Silicom

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE acquired a new position in Silicom during the fourth quarter valued at approximately $29,000. Goldman Sachs Group Inc. acquired a new position in Silicom during the first quarter valued at approximately $151,000. GSA Capital Partners LLP raised its position in Silicom by 19.2% during the third quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company’s stock valued at $260,000 after purchasing an additional 2,361 shares in the last quarter. Citadel Advisors LLC raised its position in Silicom by 7.3% during the third quarter. Citadel Advisors LLC now owns 16,492 shares of the technology company’s stock valued at $292,000 after purchasing an additional 1,117 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new position in Silicom during the third quarter valued at approximately $277,000. 52.85% of the stock is currently owned by institutional investors and hedge funds.

Silicom News Roundup

Here are the key news stories impacting Silicom this week:

• Positive Sentiment: Silicom previously topped quarterly expectations, reporting a smaller-than-expected loss and revenue above analyst forecasts, which supports the recent stock strength. Silicom earnings and stock information
• Neutral Sentiment: Short interest data showed an increase in April, but the total remains very small at 19,634 shares, suggesting limited bearish positioning overall.
• Negative Sentiment: CFO Eran Gilad sold 6,000 shares at an average price of $44.18, adding to concerns about insider confidence. SEC filing for CFO sale
• Negative Sentiment: CEO Liron Eizenman sold 8,900 shares, a sizable reduction in his position, which can pressure sentiment. SEC filing for CEO sale
• Negative Sentiment: Director Avinoam Eizenman and VP David Hendel also sold shares, reinforcing the impression that multiple insiders are trimming positions. SEC filing for director sale SEC filing for VP sale

About Silicom

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.