Silicom Ltd (NASDAQ:SILC) Sees Large Increase in Short Interest

Silicom Ltd (NASDAQ:SILC) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 36,630 shares, a growth of 86.6% from the April 30th total of 19,634 shares. Based on an average trading volume of 215,515 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.9% of the company’s shares are sold short.

Insider Buying and Selling

In other Silicom news, VP David Hendel sold 1,000 shares of the business’s stock in a transaction dated 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 document filed with the SEC, which is available through the SEC website. Also, CEO Liron Eizenman sold 8,900 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were 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 of the company’s stock, valued at approximately $701,065. The trade was a 36.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 27,438 shares of company stock worth $1,234,244 over the last 90 days. 25.38% of the stock is owned by insiders.

Hedge Funds Weigh In On Silicom

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE acquired a new stake in Silicom during the fourth quarter worth approximately $29,000. Barclays PLC boosted its holdings in shares of Silicom by 33.8% in the 4th quarter. Barclays PLC now owns 3,670 shares of the technology company’s stock valued at $54,000 after buying an additional 927 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Silicom in the 1st quarter valued at $151,000. GSA Capital Partners LLP grew its position in shares of Silicom by 19.2% in the 3rd quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company’s stock valued at $260,000 after buying an additional 2,361 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in Silicom during the 3rd quarter worth $277,000. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

Silicom Price Performance

Shares of SILC stock traded down $0.57 during trading hours on Wednesday, reaching $44.15. 76,038 shares of the stock were exchanged, compared to its average volume of 90,387. Silicom has a 12-month low of $13.34 and a 12-month high of $52.58. The business’s fifty day moving average is $32.54 and its two-hundred day moving average is $22.28. The firm has a market capitalization of $252.07 million, a P/E ratio of -22.88 and a beta of 1.58.

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

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.