Nano Cap New Millennium Growth Fund L P Invests $2.64 Million in Silicom Ltd $SILC

Nano Cap New Millennium Growth Fund L P purchased a new position in Silicom Ltd (NASDAQ:SILC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 179,500 shares of the technology company’s stock, valued at approximately $2,639,000. Silicom accounts for approximately 2.3% of Nano Cap New Millennium Growth Fund L P’s investment portfolio, making the stock its 4th largest holding. Nano Cap New Millennium Growth Fund L P owned about 3.17% of Silicom at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. GSA Capital Partners LLP lifted 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 worth $260,000 after purchasing an additional 2,361 shares during the period. Susquehanna International Group LLP purchased a new stake in shares of Silicom in the 3rd quarter worth approximately $277,000. Citadel Advisors LLC lifted its position 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. Goldman Sachs Group Inc. purchased a new stake in shares of Silicom in the 1st quarter worth approximately $151,000. Finally, Bank of America Corp DE purchased a new stake in shares of Silicom in the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Insider Activity at Silicom

In related news, Director Avinoam Eizenman sold 9,023 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $44.66, for a total transaction of $402,967.18. Following the completion of the sale, the director owned 188,736 shares of the company’s stock, valued at $8,428,949.76. This represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP David Castiel sold 2,000 shares of the 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,438 shares of company stock valued at $1,234,244 over the last three months. Company insiders own 25.38% of the company’s stock.

Silicom Stock Up 2.8%

NASDAQ:SILC opened at $42.76 on Friday. Silicom Ltd has a 52 week low of $13.34 and a 52 week high of $52.58. The firm has a 50 day moving average of $29.07 and a 200 day moving average of $20.88. The stock has a market capitalization of $244.16 million, a price-to-earnings ratio of -22.16 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, beating 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 company had revenue of $19.10 million during the quarter, compared to analysts’ expectations of $16.97 million.

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.