Silicom (NASDAQ:SILC) CFO Eran Gilad Sells 7,000 Shares

Silicom Ltd (NASDAQ:SILC) CFO Eran Gilad sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $44.45, for a total value of $311,150.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Silicom Stock Performance

SILC opened at $41.52 on Friday. The firm has a market cap of $238.74 million, a P/E ratio of -24.28 and a beta of 1.55. The business has a 50 day moving average price of $42.75 and a 200 day moving average price of $31.83. Silicom Ltd has a twelve month low of $13.34 and a twelve month high of $52.95.

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

Analysts Set New Price Targets

SILC has been the subject of a number of research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Silicom in a research report on Thursday, July 30th. Needham & Company LLC raised Silicom from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Silicom presently has a consensus rating of “Hold” and a consensus target price of $60.00.

Hedge Funds Weigh In On Silicom

A number of institutional investors and hedge funds have recently bought and sold shares of SILC. First Wilshire Securities Management Inc. grew its position in Silicom by 3.6% in 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 last quarter. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Silicom during the fourth quarter valued at about $2,639,000. Hudson Bay Capital Management LP bought a new stake in shares of Silicom in the fourth quarter valued at about $3,306,000. Goldman Sachs Group Inc. grew its position in Silicom by 15.4% during the fourth 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 in the last quarter. Finally, Susquehanna International Group LLP bought a new position in Silicom during the third quarter valued at about $277,000. Institutional investors own 52.85% of the company’s stock.

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.