Silicom Ltd (NASDAQ:SILC) Short Interest Down 52.5% in May

Silicom Ltd (NASDAQ:SILC) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 17,416 shares, a decrease of 52.5% from the May 14th total of 36,630 shares. Based on an average trading volume of 184,703 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.4% of the company’s shares are sold short.

Insiders Place Their Bets

In other news, VP David Hendel sold 1,000 shares of Silicom stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $44.37, for a total transaction of $44,370.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Eran Gilad sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $44.18, for a total transaction of $265,080.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,438 shares of company stock valued at $1,234,244 over the last 90 days. Corporate insiders own 25.38% of the company’s stock.

Institutional Trading of Silicom

Institutional investors have recently made changes to their positions in the business. Hudson Bay Capital Management LP acquired a new stake in Silicom in the 4th quarter valued at $3,306,000. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Silicom during the 4th quarter worth about $2,639,000. Renaissance Technologies LLC bought a new position in shares of Silicom in the 1st quarter valued at about $537,000. Susquehanna International Group LLP acquired a new stake in shares of Silicom in the third quarter valued at about $277,000. Finally, First Wilshire Securities Management Inc. increased its position 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. Institutional investors own 52.85% of the company’s stock.

Silicom Price Performance

Shares of NASDAQ SILC traded down $1.21 during midday trading on Friday, reaching $46.45. 109,260 shares of the stock were exchanged, compared to its average volume of 161,568. Silicom has a 12 month low of $13.34 and a 12 month high of $52.58. The company has a market capitalization of $265.04 million, a price-to-earnings ratio of -24.07 and a beta of 1.58. The business has a 50-day simple moving average of $36.76 and a two-hundred day simple moving average of $24.09.

Silicom (NASDAQ:SILC) last released its quarterly earnings results on Thursday, April 30th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.36) by $0.11. The firm had revenue of $19.10 million for the quarter, compared to the consensus estimate of $16.97 million. Silicom had a negative return on equity of 9.30% and a negative net margin of 16.57%.

Silicom Company Profile

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.