David Castiel Sells 2,000 Shares of Silicom (NASDAQ:SILC) Stock

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

Silicom Trading Down 0.7%

NASDAQ SILC opened at $42.57 on Wednesday. The firm has a market capitalization of $243.07 million, a PE ratio of -22.06 and a beta of 1.59. The business’s 50-day moving average price is $28.15 and its two-hundred day moving average price is $20.51. Silicom Ltd has a 12 month low of $13.34 and a 12 month high of $52.58.

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

Hedge Funds Weigh In On Silicom

A number of hedge funds have recently bought and sold shares of SILC. First Wilshire Securities Management Inc. boosted its holdings in shares of Silicom by 3.6% in the 1st quarter. First Wilshire Securities Management Inc. now owns 315,642 shares of the technology company’s stock worth $6,660,000 after buying an additional 10,834 shares during the last quarter. Hudson Bay Capital Management LP bought a new position in shares of Silicom during the 4th quarter valued at approximately $3,306,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Silicom during the 4th quarter worth approximately $2,639,000. Renaissance Technologies LLC bought a new stake in shares of Silicom in the 1st quarter worth approximately $537,000. Finally, Citadel Advisors LLC raised its holdings 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 worth $292,000 after purchasing an additional 1,117 shares during the period. 52.85% of the stock is owned by hedge funds and other institutional investors.

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.