Silicom Ltd $SILC Stake Lessened by Systematic Financial Management LP

Systematic Financial Management LP cut its stake in Silicom Ltd (NASDAQ:SILC) by 2.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 537,459 shares of the technology company’s stock after selling 13,586 shares during the period. Systematic Financial Management LP owned 0.09% of Silicom worth $11,340,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SILC. First Wilshire Securities Management Inc. grew its holdings in Silicom by 3.6% during the 1st quarter. First Wilshire Securities Management Inc. now owns 315,642 shares of the technology company’s stock worth $6,660,000 after acquiring an additional 10,834 shares in the last quarter. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Silicom in the 4th quarter valued at about $2,639,000. 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 raised its stake in shares of Silicom by 7.3% in the 3rd 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 position in shares of Silicom during the third quarter worth about $277,000. 52.85% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Silicom

In related news, VP David Castiel sold 2,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $48.00, for a total transaction of $96,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Liron Eizenman sold 8,900 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $45.23, for a total transaction of $402,547.00. Following the completion of the transaction, the chief executive officer directly owned 15,500 shares in the company, valued at $701,065. This represents a 36.48% decrease in their position. 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. 25.38% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC upgraded Silicom from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research note 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $60.00.

Silicom Price Performance

Shares of SILC opened at $39.72 on Friday. The stock has a market capitalization of $228.39 million, a PE ratio of -20.58 and a beta of 1.54. The business’s fifty day moving average price is $43.45 and its 200 day moving average price is $30.13. Silicom Ltd has a 12-month low of $13.34 and a 12-month high of $52.95.

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

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.