First Wilshire Securities Management Inc. Has $6.66 Million Holdings in Silicom Ltd $SILC

First Wilshire Securities Management Inc. increased its stake in shares of Silicom Ltd (NASDAQ:SILC) by 3.6% during the first quarter, HoldingsChannel reports. The fund owned 315,642 shares of the technology company’s stock after buying an additional 10,834 shares during the period. Silicom comprises about 1.5% of First Wilshire Securities Management Inc.’s investment portfolio, making the stock its 22nd largest position. First Wilshire Securities Management Inc. owned about 0.06% of Silicom worth $6,660,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in SILC. Nano Cap New Millennium Growth Fund L P acquired a new position in Silicom in the 4th quarter worth $2,639,000. Goldman Sachs Group Inc. raised its stake in shares of Silicom by 15.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 13,155 shares of the technology company’s stock valued at $193,000 after purchasing an additional 1,751 shares during the period. Hudson Bay Capital Management LP acquired a new stake in shares of Silicom in the 4th quarter valued at about $3,306,000. Citadel Advisors LLC lifted its holdings in shares of Silicom by 7.3% in 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 bought a new stake in shares of Silicom in the third quarter valued at about $277,000. 52.85% of the stock is owned by institutional investors.

Insider Activity at Silicom

In related news, CFO Eran Gilad sold 6,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $44.18, for a total value of $265,080.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Liron Eizenman sold 8,900 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $45.23, for a total transaction of $402,547.00. Following the transaction, the chief executive officer owned 15,500 shares in the company, valued at approximately $701,065. The trade was a 36.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 29,438 shares of company stock worth $1,334,244. Insiders own 25.38% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC upgraded 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 research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $60.00.

Silicom Stock Performance

SILC opened at $46.80 on Wednesday. Silicom Ltd has a 52-week low of $13.34 and a 52-week high of $52.95. The firm has a market capitalization of $269.10 million, a PE ratio of -24.25 and a beta of 1.54. The business’s 50-day simple moving average is $43.84 and its 200 day simple moving average is $29.66.

Silicom (NASDAQ:SILC) last issued its quarterly earnings results on Thursday, April 30th. The technology company reported ($0.25) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.11. The firm had revenue of $19.10 million during the quarter, compared to analysts’ expectations 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.