David Hendel Sells 1,000 Shares of Silicom (NASDAQ:SILC) Stock

Silicom Ltd (NASDAQ:SILC) VP David Hendel sold 1,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $44.37, for a total transaction of $44,370.00. Following the transaction, the vice president directly owned 1,000 shares in the company, valued at approximately $44,370. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

David Hendel also recently made the following trade(s):

• On Thursday, May 7th, David Hendel sold 500 shares of Silicom stock. The stock was sold at an average price of $45.00, for a total transaction of $22,500.00.

Silicom Trading Down 5.7%

NASDAQ SILC opened at $48.08 on Friday. The company’s fifty day simple moving average is $27.20 and its 200-day simple moving average is $20.15. Silicom Ltd has a 52 week low of $13.34 and a 52 week high of $52.58. The stock has a market cap of $274.54 million, a P/E ratio of -24.91 and a beta of 1.59.

Silicom (NASDAQ:SILC) last posted 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. 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 for the quarter, compared to analysts’ expectations of $16.97 million.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SILC. Bank of America Corp DE acquired a new position in shares of Silicom during the fourth quarter worth $29,000. Barclays PLC increased its stake in shares of Silicom by 33.8% in the fourth quarter. Barclays PLC now owns 3,670 shares of the technology company’s stock worth $54,000 after buying an additional 927 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Silicom in the first quarter worth $151,000. GSA Capital Partners LLP increased its stake in shares of Silicom by 19.2% in the third quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company’s stock worth $260,000 after buying an additional 2,361 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new stake in shares of Silicom in the third quarter worth $277,000. 52.85% of the stock is owned by institutional investors and hedge funds.

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.