Yelin Lapidot Holdings Management Ltd. Decreases Holdings in Silicom Ltd $SILC

Yelin Lapidot Holdings Management Ltd. decreased its stake in Silicom Ltd (NASDAQ:SILC) by 64.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 73,765 shares of the technology company’s stock after selling 131,894 shares during the quarter. Yelin Lapidot Holdings Management Ltd.’s holdings in Silicom were worth $1,556,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Bank of America Corp DE purchased a new stake in shares of Silicom in the 4th quarter worth $29,000. Goldman Sachs Group Inc. purchased a new position in Silicom in the first quarter worth $151,000. GSA Capital Partners LLP raised its stake in Silicom by 19.2% in the third quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company’s stock valued at $260,000 after buying an additional 2,361 shares during the last quarter. Citadel Advisors LLC boosted its stake in 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 in the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in shares of Silicom during the third quarter worth $277,000. Institutional investors own 52.85% of the company’s stock.

Silicom Price Performance

Shares of SILC stock opened at $41.10 on Monday. Silicom Ltd has a 52-week low of $13.34 and a 52-week high of $52.58. The stock has a market cap of $236.32 million, a PE ratio of -21.30 and a beta of 1.58. The business has a 50-day simple moving average of $41.03 and a 200-day simple moving average of $26.18.

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

Insider Transactions at Silicom

In related news, EVP Yuval Karp sold 2,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $50.00, for a total value of $100,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP David Castiel sold 2,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $48.00, for a total value of $96,000.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 29,438 shares of company stock valued at $1,334,244 in the last 90 days. Insiders own 25.38% 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.