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

Silicom Ltd (NASDAQ:SILC) VP David Castiel sold 2,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $48.00, for a total value of $96,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Silicom Stock Performance

NASDAQ SILC opened at $42.87 on Tuesday. The stock has a market capitalization of $244.79 million, a P/E ratio of -22.21 and a beta of 1.59. Silicom Ltd has a 1 year low of $13.34 and a 1 year high of $52.58. The business’s fifty day moving average is $27.68 and its two-hundred day moving average is $20.34.

Silicom (NASDAQ:SILC) last posted its quarterly earnings results on Thursday, April 30th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.36) by $0.11. The company 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

Several institutional investors have recently modified their holdings of SILC. Hudson Bay Capital Management LP bought a new position in shares of Silicom in the fourth quarter valued at $3,306,000. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Silicom in the fourth quarter valued at $2,639,000. Renaissance Technologies LLC bought a new position in shares of Silicom in the first quarter valued at $537,000. Susquehanna International Group LLP bought a new position in shares of Silicom in the third quarter valued at $277,000. Finally, First Wilshire Securities Management Inc. increased its holdings in shares of 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 in the last quarter. 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.