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

Silicom Ltd (NASDAQ:SILC) VP David Hendel sold 1,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $44.37, for a total value of $44,370.00. Following the transaction, the vice president directly owned 1,000 shares of the company’s stock, valued at approximately $44,370. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 value of $22,500.00.

Silicom Price Performance

SILC opened at $46.93 on Thursday. The stock has a market cap of $267.78 million, a P/E ratio of -24.32 and a beta of 1.59. The stock’s 50 day simple moving average is $26.03 and its 200 day simple moving average is $19.72. Silicom Ltd has a 1-year low of $13.34 and a 1-year high of $48.92.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. First Wilshire Securities Management Inc. lifted its stake in shares of Silicom by 3.6% during the 1st 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. Hudson Bay Capital Management LP acquired a new stake in shares of Silicom during the fourth quarter valued at about $3,306,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Silicom during the fourth quarter valued at about $2,639,000. Citadel Advisors LLC grew its stake in Silicom by 7.3% in the third 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 in the last quarter. Finally, Susquehanna International Group LLP acquired a new position in Silicom in the third quarter worth about $277,000. Hedge funds and other institutional investors own 52.85% of the company’s stock.

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.