Silicom (NASDAQ:SILC) VP Sells $96,000.00 in Stock

Silicom Ltd (NASDAQ:SILC) VP David Castiel sold 2,000 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $48.00, for a total value of $96,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Silicom Price Performance

SILC opened at $48.08 on Monday. The stock has a market cap of $274.54 million, a PE ratio of -24.91 and a beta of 1.59. Silicom Ltd has a 52 week low of $13.34 and a 52 week high of $52.58. The business’s fifty day simple moving average is $27.20 and its 200 day simple moving average is $20.17.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Hudson Bay Capital Management LP bought a new position in shares of Silicom during the fourth quarter valued at about $3,306,000. Goldman Sachs Group Inc. bought a new position in shares of Silicom during the first quarter valued at about $151,000. Citadel Advisors LLC grew its stake in shares of 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 buying an additional 1,117 shares during the last quarter. Susquehanna International Group LLP bought a new position in shares of Silicom during the third quarter valued at about $277,000. Finally, Barclays PLC grew its stake in shares of Silicom by 33.8% during 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 last quarter. 52.85% of the stock is owned by institutional investors.

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.