Insider Selling: Silicom (NASDAQ:SILC) EVP Sells $100,000.00 in Stock

Silicom Ltd (NASDAQ:SILC) EVP Yuval Karp sold 2,000 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $50.00, for a total value of $100,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Silicom Stock Down 1.9%

SILC opened at $44.53 on Thursday. The stock has a market cap of $254.27 million, a PE ratio of -23.07 and a beta of 1.58. 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 $38.18 and its 200 day simple moving average is $24.80.

Silicom (NASDAQ:SILC) last posted 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. Silicom had a negative net margin of 16.57% and a negative return on equity of 9.30%. The business had revenue of $19.10 million during the quarter, compared to analyst estimates of $16.97 million.

Institutional Trading of Silicom

Several institutional investors have recently added to or reduced their stakes in SILC. Hudson Bay Capital Management LP purchased a new stake in Silicom during the fourth quarter valued at about $3,306,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in Silicom during the fourth quarter valued at about $2,639,000. Renaissance Technologies LLC purchased a new stake in shares of Silicom during the first quarter worth about $537,000. Susquehanna International Group LLP purchased a new stake in shares of Silicom during the third quarter worth about $277,000. Finally, First Wilshire Securities Management Inc. boosted its holdings in shares of Silicom by 3.6% during the first quarter. First Wilshire Securities Management Inc. now owns 315,642 shares of the technology company’s stock worth $6,660,000 after purchasing an additional 10,834 shares during the period. 52.85% of the stock is currently owned by hedge funds and other 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.