Insider Selling: Silicom (NASDAQ:SILC) CEO Sells $877,034.16 in Stock

Silicom Ltd (NASDAQ:SILC) CEO Liron Eizenman sold 18,072 shares of Silicom stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $48.53, for a total transaction of $877,034.16. Following the completion of the transaction, the chief executive officer owned 9,928 shares of the company’s stock, valued at $481,805.84. This trade represents a 64.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Silicom Stock Up 0.2%

Silicom stock traded up $0.07 during mid-day trading on Thursday, reaching $46.66. 38,702 shares of the company’s stock were exchanged, compared to its average volume of 115,164. The company has a market cap of $268.30 million, a P/E ratio of -27.23 and a beta of 1.55. Silicom Ltd has a twelve month low of $13.34 and a twelve month high of $52.95. The company has a fifty day moving average of $42.93 and a 200-day moving average of $32.63.

Silicom (NASDAQ:SILC) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.08. Silicom had a negative net margin of 12.98% and a negative return on equity of 8.37%. The business had revenue of $23.81 million during the quarter, compared to the consensus estimate of $20.58 million.

Analyst Ratings Changes

SILC has been the topic of several recent research reports. Needham & Company LLC upgraded Silicom from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Thursday, July 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Silicom in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Silicom presently has an average rating of “Hold” and a consensus target price of $60.00.

Institutional Investors Weigh In On Silicom

Institutional investors have recently modified their holdings of the company. First Wilshire Securities Management Inc. increased its holdings in Silicom by 3.6% in the first quarter. First Wilshire Securities Management Inc. now owns 315,642 shares of the technology company’s stock valued at $6,660,000 after buying an additional 10,834 shares during the last quarter. Nano Cap New Millennium Growth Fund L P acquired a new stake in Silicom in the fourth quarter valued at $2,639,000. Hudson Bay Capital Management LP purchased a new stake in Silicom during the 4th quarter worth about $3,306,000. Goldman Sachs Group Inc. lifted its holdings in Silicom by 15.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 13,155 shares of the technology company’s stock worth $193,000 after buying an additional 1,751 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new position in shares of Silicom during the 3rd quarter worth about $277,000. 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.