Silicom (NASDAQ:SILC) Director Sells $133,605.00 in Stock

Silicom Ltd (NASDAQ:SILC) Director Yeshayhu Orbach sold 2,969 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $45.00, for a total transaction of $133,605.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Silicom Price Performance

SILC opened at $42.20 on Monday. Silicom Ltd has a 52-week low of $13.34 and a 52-week high of $52.95. The company has a 50 day moving average of $42.90 and a two-hundred day moving average of $34.84. The company has a market cap of $242.65 million, a P/E ratio of -24.68 and a beta of 1.56.

Silicom (NASDAQ:SILC) last posted its earnings results on Wednesday, July 29th. The technology company reported ($0.16) earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $20.58 million.

Institutional Investors Weigh In On Silicom

Several hedge funds and other institutional investors have recently modified their holdings of SILC. Renaissance Technologies LLC acquired a new stake in shares of Silicom during the 1st quarter valued at approximately $537,000. First Wilshire Securities Management Inc. boosted 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 worth $6,660,000 after purchasing an additional 10,834 shares during the period. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Silicom during the fourth quarter worth $2,639,000. Hudson Bay Capital Management LP acquired a new stake in shares of Silicom during the fourth quarter worth $3,306,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Silicom by 15.4% in 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. Institutional investors own 52.85% of the company’s stock.

Analyst Upgrades and Downgrades

SILC has been the subject of a number of recent analyst reports. Needham & Company LLC raised shares of Silicom from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Thursday, July 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Silicom in a research report 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $60.00.

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.